Summary of Significant Accounting Policies (Tables)

3 Months Ended

Apr. 30, 2019

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 April 30, 2019 and January 31, 2019:

	April 30, 2019		January 31, 2019
Raw Materials	$	830,981	$	556,703
Work in Process		27,496		38,769
Finished goods		601,507		800,928
	$	1,459,984	$	1,396,400

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:

	For the Three Months Ended
	April 30, 2019		April 30, 2018
Gross Sales	$	7,456,956	$	7,858,034
Less: Slotting, Discounts, Allowances		92,132		116,040
Net Sales	$	7,364,824	$	7,741,994

Schedule of Disaggregates Gross Revenue By Significant Geographic Area

Disaggregation of Revenue from Contracts with Customers. The following table disaggregates gross revenue by significant geographic area for the three months ended April 30, 2019 and 2018:

	For the Three Months Ended
	April 30, 2019		April 30, 2018
Northeast	$	2,396,830	$	2,365,565
Southeast		1,861,809		1,826,419
Midwest		987,186		1,241,378
West		1,260,184		1,395,325
Southwest		950,947		1,029,347
Total revenue	$	7,456,956	$	7,858,034

Schedule of Fair Value of Share-Based Payments

For the three months ended April 30, 2019 and 2018, when computing fair value of share-based payments, the Company has considered the following variables:

	April 30, 2019			April 30, 2018
Risk-free interest rate		2.29	%		1.60% to 1.99	%
Expected life of grants		3.5 years			2.0 – 4.0 years
Expected volatility of underlying stock		150	%		139% to 177	%
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
	April 30, 2019		April 30, 2018
Numerator:
Net income attributable to common stockholders	$	335,666	$	324,001
Effect of dilutive securities:		—		—
Diluted net income	$	335,666	$	324,001
Denominator:
Weighted average common shares outstanding - basic		31,866,240		31,780,111
Dilutive securities (a):
Series A Preferred		-		-
Options		108,854		212,229
Warrants		123,332		2,663,059
Weighted average common shares outstanding and assumed conversion – diluted		32,098,426		34,655,399
Basic net income per common share	$	0.01	$	0.01
Diluted net income per common share	$	0.01	$	0.01
(a) - Anti-dilutive securities excluded:		3,106,167		3,079,001