SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (As Restated)

12 Months Ended

Jan. 31, 2023

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (As Restated)

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (As Restated)

Note 8 – SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (As Restated)

For the years ended January 31, 2023 and 2022, the Company incurred selling, general and administrative (“SG&A”) expenses of $844,836 and $941,336, respectively. These expenses include costs related to personnel, professional services, facilities, insurance, and other administrative activities necessary to support the Company’s operations.

During the year ended January 31, 2023, the Company identified and corrected an error in the classification of stock-based compensation for the fiscal year ended January 31, 2022. Accordingly, stock-based compensation expense for the year ended January 31, 2022, was restated from $167,173 to $521,615. The adjustment increased total SG&A expenses for that period. Management concluded that the restatement had a material impact on the previously issued financial statements.