Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 31, 2018

Accounting Policies [Abstract]

Schedule of Inventories

Inventories are stated at the lower of cost or net realizable value using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at July 31, 2018 and January 31, 2018:

	July 31, 2018		January 31, 2018
Raw Materials	$	512,869	$	486,917
Work in Process		25,513		21,387
Finished goods		741,175		315,972
	$	1,279,557	$	824,276

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 years
Leasehold improvements	*

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.

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:

	Six Months Ended July 31, 2018		Six Months Ended July 31, 2017
Gross Sales	$	13,585,549	$	12,587,604
Less: Slotting, Discounts, Allowances		202,725		224,869
Net Sales	$	13,382,824	$	12,362,735

Schedule of Fair Value of Share-Based Payments

For the six months ended July 31, 2018 and 2017, when computing fair value of share-based payments, the Company has considered the following variables:

	July 31, 2018			July 31, 2017
Risk-free interest rate		1.99	%		1.18	%
Expected life of grants		2.0 years			3.76 years
Expected volatility of underlying stock		172	%		298	%
Dividends		0	%		0	%

Schedule of Earnings Per Share, Basic and Diluted

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income (loss) attributable to common stockholders per common share.

	For the Three Months Ended
	July 31, 2018			July 31, 2017
Numerator:
Net (loss) income attributable to common stockholders	$	(210,195	)	$	123,595
Effect of dilutive securities:		-			-
Diluted net (loss) income	$	(210,195	)	$	123,595
Denominator:
Weighted average common shares outstanding - basic		31,859,812			28,100,066
Dilutive securities (a):
Series A Preferred		-			-
Options		-			347,949
Warrants		-			2,369,266
Weighted average common shares outstanding and assumed conversion – diluted		31,859,812			30,817,281
Basic net (loss) income per common share	$	(0.01	)	$	0.00
Diluted net (loss) income per common share	$	(0.01	)	$	0.00
(a) - Anti-dilutive securities excluded:		7,216,665			3,110,149

	For the Six Months Ended
	July 31, 2018		July 31, 2017
Numerator:
Net income attributable to common stockholders	$	113,806	$	72,562
Effect of dilutive securities:		-		-
Diluted net income	$	113,806	$	72,562
Denominator:
Weighted average common shares outstanding - basic		31,820,898		27,957,789
Dilutive securities (a):
Series A Preferred		-		-
Options		166,259		347,949
Warrants		577,775		2,369,266
Weighted average common shares outstanding and assumed conversion – diluted		32,564,932		30,675,004
Basic net income per common share	$	0.00	$	0.00
Diluted net income per common share	$	0.00	$	0.00
(a) - Anti-dilutive securities excluded:		3,365,001		3,779,884