XML 34 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2015
Jan. 31, 2015
Assets:    
Cash $ 386,974 $ 854,995
Accounts receivable, net 1,379,444 2,233,211
Inventories 324,871 301,170
Prepaid expenses 144,939 107,242
Due from manufacturer - related party 2,099,785 $ 2,213,037
Deferred offering costs 10,021
Total current assets 4,346,034 $ 5,709,655
Property and equipment, net 1,118,885 1,124,745
Debt issuance costs, net 40,286 101,197
Total Assets 5,505,205 6,935,597
Liabilities:    
Accounts payable and accrued expenses 924,869 1,216,436
Line of credit 1,077,299 1,409,098
Term loan 120,000 $ 120,000
Promissory note 139,559
Total current liabilities 2,261,727 $ 2,745,534
Term loan - net of current 350,000 $ 440,000
Promissory note - net of current portion 219,273
Notes payable - related party 125,000
Convertible note payable - net of current portion and debt discount 2,540,000 $ 1,587,447
Total long-term liabilities 3,234,273 2,027,447
Total Liabilities $ 5,496,000 $ 4,772,981
Stockholders' Equity (Deficit)    
Preferred stock value
Common stock, $0.00001 par value; 250,000,000 shares authorized; 26,317,091 and 26,047,376 shares issued and outstanding, respectively $ 263 $ 260
Additional paid in capital 13,863,545 12,766,116
Common stock subscribed, $0.00001 par value; 66,667 and 66,667 shares, respectively 1 1
Accumulated deficit (13,705,104) $ (10,603,761)
Less: Treasury stock, 230,000 and 0 shares, respectively (149,500)
Total Stockholders' Equity (Deficit) 9,205 $ 2,162,616
Total Liabilities and Stockholders' Equity (Deficit) $ 5,505,205 $ 6,935,597
Series A Preferred Stock [Member]    
Stockholders' Equity (Deficit)    
Preferred stock value