Stockholders' Equity (Tables)

12 Months Ended

Jan. 31, 2017

Equity [Abstract]

Summary of Option Activity

The following is a summary of the Company’s option activity:

	Options		Weighted Average  Exercise Price
Outstanding – January 31, 2015		496,404	$	1.04
Exercisable – January 31, 2015		496,404	$	1.04
Granted		-	$	-
Exercised		-	$	-
Forfeited/Cancelled		-	$	-
Outstanding – January 31, 2016		496,404	$	1.04
Exercisable – January 31, 2016		496,404	$	1.04
Granted		385,000	$	0.46
Exercised		-	$	-
Forfeited/Cancelled		-	$	-
Outstanding – January 31, 2017		881,404	$	0.78
Exercisable – January 31, 2017		799,404	$	0.78

Summary of Option Outstanding and Exercisable

Options Outstanding			Options Exercisable
Exercise Price	Number Outstanding	Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price	Number Exercisable		Weighted Average Exercise Price
0.39 – 2.97	881,404	2.26 years	$	0.78	799,404	$	0.78

Schedule of Warrants Activity

The following is a summary of the Company’s warrant activity:

	Warrants			Weighted  Average  Exercise Price
Outstanding – January 31, 2015		1,027,401		$	1.27
Exercisable – January 31, 2015		1,027,401		$	1.27
Granted		3,797,035		$	0.68
Exercised		(22,666	)	$	1.25
Forfeited/Cancelled		-		$	-
Outstanding – January 31, 2016		4,801,770		$	0.80
Exercisable – January 31, 2016		4,801,770		$	0.80
Granted		2,510,000		$	1.50
Exercised		-		$	-
Forfeited/Cancelled		-		$	-
Outstanding – January 31, 2017		7,311,770		$	1.04
Exercisable – January 31, 2017		7,311,770		$	1.04

Schedule of Warrants Outstanding and Exercisable

	Warrants Outstanding					Warrants Exercisable
	Range of  Exercise Price	Number Outstanding	Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price	Number Exercisable		Weighted Average Exercise Price
$	0.68-$2.50	7,311,770	3.49 years	$	1.04	7,311,770	$	1.04

Schedule of Fair Value of Warrants Granted

For the year ended January 31, 2017, when computing fair value of the warrants granted, the Company has considered the following variables:

	January 31, 2017
Risk-free interest rate		1.28	%
Expected life of grants		5 years
Expected volatility of underlying stock		155	%
Dividends		0	%