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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Oct. 31, 2015
Accounting Policies [Abstract]  
Schedule of Inventories

Inventories are stated at average cost using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at October 31, 2015 and January 31, 2015:

 

    October 31, 2015     January 31, 2015  
Finished goods   $ 324,871     $ 301,170  

Schedule of Property and Equipment Estimated Useful Lives

Asset lives for financial statement reporting of depreciation are:

 

Machinery and equipment   2-7 years
Furniture and fixtures   3-5 years
Leasehold improvements   3-10 years

Schedule of Expenses of Slotting Fees, Sales Discounts and Allowances are Accounted as Direct Reduction of Revenues

Expenses such as slotting fees, sales discounts, and allowances are accounted for as a direct reduction of revenues as follows:

 

    Nine Months Ended
October 31, 2015
    Nine Months Ended
October 31, 2014
 
Gross Sales   $ 9,583,170     $ 8,903,100  
Less: Slotting, Discounts, Allowances     252,911       310,485  
Net Sales   $ 9,330,259     $ 8,592,615  

Schedule of Fair Value of Share Based Payments

For the nine months ended October 31, 2015 and 2014, when computing fair value of share-based payments, the Company has considered the following variables:

 

    October 31, 2015     October 31, 2014  
Risk-free interest rate     1.42% to 1.74 %     0.26% to 1.76 %
Expected life of grants     5 years       1 to 5 years  
Expected volatility of underlying stock     178% to 184 %     144% to 193 %
Dividends     0 %     0 %

Schedule of Common Stock Equivalents

The Company had the following potential common stock equivalents at October 31, 2015:

 

Series A Preferred     1,792,593  
Common stock subscribed     66,667  
Common stock warrants, exercise price range of $0.675-$2.50     2,976,587  
Common stock options, exercise price of $1.00-$2.97     496,404  
Total common stock equivalents     5,332,251  

 

The Company had the following potential common stock equivalents at October 31, 2014:

 

Common stock subscribed     66,667  
Common stock warrants, exercise price of $1.00-$2.50     1,013,401  
Common stock options, exercise price of $1.00-$2.97     508,404  
Total common stock equivalents     1,558,472