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Stockholders’ Equity (Tables)
12 Months Ended
Jan. 31, 2024
Equity [Abstract]  
Summary of Restricted Stock Units Activity
A summary of the status of the Company's Restricted Stock Units is presented below.
Restricted
Stock Units
Weighted Average
Grant Date Fair Value
Non-vested Restricted Stock Units – February 1, 2023367,647$1.36 
Granted283,414$2.65 
Vested(118,210)$1.14 
Forfeited(39,773)$1.76 
Non-vested Restricted Stock Units – January 31, 2024493,078$1.91 
Summary of Option Activity
The following is a summary of the Company’s option activity:
 OptionsWeighted Average
Exercise Price
Weighted
Average
Remaining
Contractual Life
(in years)
Aggregate Intrinsic Value
(in thousands)
Outstanding – February 1, 2023689,000$0.77 2.95545
Granted— — 
Exercised(232,500)$0.54 
Expired/forfeited(339,000)$0.67 
Outstanding – January 31, 2024117,500$1.48 8.36333
Exercisable – January 31, 20245,000$1.48 8.3614
Schedule of Warrants Fair Value Assumption The fair value of the warrants as of grant date was approximately $17 thousand and was valued using a Black-Scholes option pricing model using the following assumptions:
September 13, 2022
Risk-free interest rate3.58 %
Expected life5 years
Expected volatility of underlying stock82.52 %
Dividends%
Summary of Warrant Activity
The following is a summary of the Company’s warrant activity:
WarrantsWeighted Average
Exercise Price
Outstanding – February 1, 202313,650$2.25 
Exercisable – February 1, 202313,650$2.25 
Granted0
Exercised(13,650)$— 
Outstanding – January 31, 2024$— 
Exercisable – January 31, 2024$—