Income Tax Provision (Benefit) (Tables)

12 Months Ended

Jan. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Tax

The income tax provision (benefit) consists of the following:

	January 31, 2016			January 31, 2015
Federal
Current	$	-		$	-
Deferred		(1,196,589	)		(1,376,168	)
State and Local
Current		-			-
Deferred		(209,051	)		(369,301	)
Change in valuation allowance		1,405,640			1,745,469
Income tax provision (benefit)	$	-		$	-

Schedule of Deferred Tax Assets (Liabilties)

The Company’s deferred tax assets (liabilities) consisted of the effects of temporary differences attributable to the following:

Deferred Tax Assets	Year Ended January 31, 2016			Year Ended January 31, 2015
Net operating loss carryovers	$	5,244,577		$	3,855,903
Total deferred tax assets		5,244,577			3,855,903
Valuation allowance		(5,160,554	)		(3,754,914	)
Deferred tax asset, net of valuation allowance		84,023			100,989
Deferred Tax Liabilities
Other deferred tax liabilities		(84,023	)		(100,989	)
Total deferred tax liabilities	$	(84,023	)	$	(100,989	)
Net deferred tax asset (liability)	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation

The expected tax expense (benefit) based on the statutory rate is reconciled with actual tax expense benefit as follows:

	Year Ended January 31, 2016			Year Ended January 31, 2015
US Federal statutory rate		(34.00	)%		(34.00	)%
State income tax, net of federal benefit		(5.9	)		(5.9	)
Deferred tax true-up		-			-
Change in valuation allowance		40.0			43.0
Other permanent differences		(0.1	)		(3.0	)
Income tax provision (benefit)		-	%		-	%