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Stockholders' Deficit (Tables)

6 Months Ended

Jul. 31, 2018

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, 2018			866,000			$	0.87
Exercisable – January 31, 2018			699,000			$	0.78
Granted			30,000			$	1.21
Exercised			(40,000	)		$	1.00
Forfeited/Cancelled			(218,000	)		$	-
Outstanding – July 31, 2018			638,000			$	0.79
Exercisable – July 31, 2018			532,000			$	0.68

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				638,000			2.64 years		$	0.79				532,000			$	0.68

Schedule of Warrants Activity

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

		Warrants				Weighted Average Exercise Price

Outstanding – January 31, 2018			7,061,399			$	1.06
Exercisable – January 31, 2018			7,061,399			$	1.06
Granted			-			$	-
Exercised			(467,496	)		$	1.00
Forfeited/Cancelled			(15,238	)		$	-
Outstanding – July 31, 2018			6,578,665			$	1.06
Exercisable – July 31, 2018			6,578,665			$	1.06

Schedule of Warrants Outstanding and Exercisable

Warrants Outstanding												Warrants Exercisable
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				6,578,665				2.22 years			$	1.06				6,578,665			$	1.06

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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