Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 31, 2024

Accounting Policies [Abstract]

Schedule of Inventories

Inventories by major category are as follows (in thousands):

	July 31, 2024		January 31, 2024
Raw materials and packaging	$	1,376	$	1,159
Work in process	324		237
Finished goods	1,148		1,914
Total	$	2,848	$	3,310

Schedule of Asset Lives

Asset lives for financial statement reporting of depreciation expense are:

Machinery and equipment	2-7 years
Furniture and fixtures	3-5 years
Leasehold improvements	*

(*)Amortized on a straight-line basis over the shorter of the remaining lease term at the time the asset was placed in service or their estimated useful lives.

Schedule of Other Intangible Assets

Other intangible assets consist of trademarks, trade names and customer relationships. Intangible asset lives for financial statement reporting of amortization are:

Tradenames and trademarks	3 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 Three Months Ended
	July 31, 2024		July 31, 2023
Gross Sales	$	28,704	$	25,415
Less: Slotting Fees, Discounts & Allowances	322		625
Net Sales	$	28,382	$	24,790

	For the Six Months Ended
	July 31, 2024		July 31, 2023
Gross Sales	$	59,102	$	49,015
Less: Slotting Fees, Discounts & Allowances	882		1,104
Net Sales	$	58,220	$	47,911

Schedule of Disaggregates Gross Revenue by Significant Geographic Area

The following table disaggregates gross revenue by significant geographic area for the three months ended July 31, 2024 and 2023 (in thousands):

	For the Three Months Ended
	July 31, 2024		July 31, 2023
Northeast	$	8,690	$	9,385
Southeast	8,010		7,192
Midwest	5,768		3,988
West	6,236		4,850
Total gross sales	$	28,704	$	25,415

	For the Six Months Ended
	July 31, 2024		July 31, 2023
Northeast	$	18,257	$	17,951
Southeast	15,707		13,887
Midwest	12,152		8,255
West	12,986		8,922
Total gross sales	$	59,102	$	49,015

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, except per share data):

	For the Three Months Ended
	July 31, 2024		July 31, 2023
Numerator:
Net income attributable to common stockholders	$	1,148	1,721
Effect of dilutive securities:	—		21
Diluted net income	$	1,148	$	1,742
Denominator:
Weighted average common shares outstanding – basic	37,336		36,855
Dilutive securities (a):
Restricted stock	371		251
Performance stock awards	1,840		—
Options	57		384
Weighted average common shares outstanding and assumed conversion – diluted	39,604		37,490
Basic net income per common share	$	0.03	$	0.05
Diluted net income per common share	$	0.03	$	0.05
(a) – Anti-dilutive securities excluded:	-		-

	For the Six Months Ended
	July 31, 2024		July 31, 2023
Numerator:
Net income attributable to common stockholders	1,701		3,095
Effect of dilutive securities:	—		49
Diluted net income	$	1,701	$	3,144
Denominator:
Weighted average common shares outstanding – basic	37,298		36,628
Dilutive securities (a):
Restricted stock	343		222
Options	54		345
Performance stock awards	1,840		—
Weighted average common shares outstanding and assumed conversion – diluted	39,535		37,195
Basic net income per common share	$	0.05	$	0.09
Diluted net income per common share	$	0.04	$	0.08
(a) – Anti-dilutive securities excluded:	-		-