Income Tax Provision (Tables)

12 Months Ended

Jan. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision / (Benefit)

The income tax provision consists of the following:

Income tax provision / (benefit) consists of the following (in thousands):

	January 31, 2024		January 31, 2023
Federal
Current	$	1,451	$	113
Deferred	251		(184)
State and Local
Current	342		165
Deferred	(36)		(85)
Income tax provision	$	2,008	$	9

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities consisted of the effects of temporary differences attributable to the following:

Deferred Tax Assets	Year Ended January 31, 2024		Year Ended January 31, 2023
Net operating loss carryovers	$	24	$	607
Share-based compensation	52		32
Acquisition costs	98		108
Capitalized start-up and organization costs	16		24
Right of use liability	722		820
Inventory	47		27
Bad debt	23		49
Capitalized R&D Costs	114		-
Accrued payroll	387		—
Total deferred tax assets	1,483		1,667
Deferred Tax Liabilities
Fixed assets	225		65
Intangibles	46		77
Right of use asset	709		807
Total deferred tax liabilities	980		949
Net deferred tax asset	$	503	$	718

Schedule of Reconciliation of Expected Tax Provision (Benefit) to Actual Tax Provision (Benefit)

The expected tax provision (benefit) based on the statutory rate is reconciled with actual tax provision (benefit) as follows:

	Year Ended January 31, 2024		Year Ended January 31, 2023
US Federal statutory rate	21.0	%	21.0	%
State income tax, net of federal benefit	3.3		3.4
Adjustments to deferred tax assets	(0.8)		(24.0)
Income tax provision (benefit)	23.4	%	0.4	%