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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Schedule of Inventories
Inventories by major category are as follows (in thousands):
January 31, 2024January 31, 2023
Raw materials and packaging$1,159 $1,883 
Work in process237 99 
Finished goods1,914 1,654 
Total$3,310 3,636 
Schedule of Asset Lives
Asset lives for financial statement reporting of depreciation are:
Machinery and equipment
2-7 years
Furniture and fixtures
3 - 5 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 Other Intangible Assets
Other intangibles consist of trademarks, trade names and customer relationships. Intangible asset lives for financial statement reporting of amortization are:
Tradenames and trademarks3 years
Customer relationships
4 - 5 years
Schedule of Expenses of Slotting Fees, Sales Discounts, and Allowances
Expenses such as slotting fees, sales discounts, and allowances are accounted for as a direct reduction of revenues as follows (in thousands):
For the Years Ended
January 31, 2024January 31, 2023
Gross Sales$106,104 $95,420 
Less: Slotting, Discounts, and Allowances2,820 2,232 
Net Sales$103,284 $93,188 
Schedule of Disaggregates Gross Revenue by Significant Geographic Area The following table disaggregates gross revenue by significant geographic area for the years ended January 31, 2024 and 2023 (in thousands):
For the Years Ended
January 31, 2024January 31, 2023
Northeast$37,189 $36,846 
Southeast30,183 28,306 
Midwest18,609 15,243 
West20,123 15,025 
Total gross revenue$106,104 $95,420 
Summary of Variables for Computing Fair Value of Stock Options Issued
For the year ended January 31, 2024 and 2023, when computing fair value of stock options issued, the Company has considered the following variables:
January 31, 2024January 31, 2023
Risk-free interest rateN/A2.8 %
Expected life of grantsN/A6.5 years
Expected volatility of underlying stockN/A85.7 %
DividendsN/A0
Reconciliation of Basic and Diluted Earnings Per Share to Net Income
The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share (in thousands).
For the Years Ended
January 31, 2024January 31, 2023
Numerator:
Net income attributable to common stockholders$6,512 2,270 
Effect of dilutive securities:49 34 
Diluted net income$6,561 $2,304 
Denominator:
Weighted average common shares outstanding - basic36,81436,094
Dilutive securities (a):
Series B Preferred—819
Options64355
Performance Stock Units1,195—
Restricted Stock30845
Weighted average common shares outstanding and assumed conversion – diluted38,38137,313
Basic net income per common share$0.18 $0.06 
Diluted net income per common share$0.17 $0.06 
(a) - Anti-dilutive securities excluded:
Options—150
Warrants—14