XML 62 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Stock Incentive Plan (Tables)
 6 Months Ended 12 Months Ended
Jul. 31, 2021
Jan. 31, 2021
Share-based Payment Arrangement [Abstract]    
Summary of Weighted-Average Assumptions
The weighted-average assumptions for the six months ended July 31 are noted in the following table:
 
    
Six Months Ended July 31,
  
    
2021
    
2020
  
Expected volatility
      55.00 %      55.00 % 
Expected dividend yield
      0.00 %      0.00 % 
Expected option term (in years)
      2.0       2.0  
Risk-free interest rate
      0.14 %      0.23 % 
The weighted-average assumptions for the years ended January 31 are noted in the following table:
 
    
2021
    
2020
  
Expected volatility
      55.0 %      50.0 % 
Expected dividend yield
      0.0 %      0.0 % 
Expected option term (in years)
      2.0       2.0  
Risk-free interest rate
      0.23 %      2.27 % 
Summary of the Status of Stock Options Under the Stock Incentive Plan
Presented below is a summary of the status of the stock options under the Stock Incentive Plan:    
 
    
Number
of
Shares
    
Weighted
Average
Exercise
Price
     
Weighted
Average
Remaining
Contractual
Term
     
Intrinsic
Value of
Outstanding
Options
Term
  
                 
(Years)
     
(Years)
  
Outstanding at February 1, 2021
      2,680     $ 0.43        5.9        5,573  
Granted
      —         —          —          —    
Exercised
      (699 )    $ 0.42        5.4        4,689  
Forfeited or expired
      (141 )    $ 0.47        5.8        —    
  
 
 
    
 
 
     
 
 
     
 
 
  
Outstanding at July 31, 2021
      1,840     $ 0.43        5.4        12,348  
  
 
 
    
 
 
     
 
 
     
 
 
  
Exercisable at July 31, 2021
      1,786     $ 0.43        5.4        11,992  
  
 
 
    
 
 
     
 
 
     
 
 
  
Presented below is a summary of the status of the stock options under the Stock Incentive Plan:
 
     Number of
Shares		      Weighted
Average
Exercise
Price		      Average
Remaining
Contractual
Term
(Years)		      Intrinsic
Value of
Outstanding
Options		  
Outstanding at February 1, 2019
   
 
5,173
 
   
$
0.44
 
   
 
6.8
 
   
$
4,431
 
Granted
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
Exercised
   
 
(448
) 
   
$
0.41
 
   
 
6.4
 
   
$
397
 
Forfeited or expired
   
 
(301
) 
   
$
0.52
 
   
 
6.9
 
   
  
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding at January 31, 2020
   
 
4,424
 
   
$
0.44
 
   
 
6.9
 
   
$
4,088
 
  
 
 
     
 
 
     
 
 
     
 
 
  
Exercisable at January 31, 2020
   
 
3,240
 
   
$
0.41
 
   
 
6.7
 
   
$
3,069
 
  
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding at February 1, 2020
   
 
4,424
 
   
$
0.44
 
   
 
5.9
 
   
$
4,088
 
Granted
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
Exercised
   
 
(495
) 
   
$
0.42
 
   
 
5.2
 
   
$
468
 
Forfeited or expired
   
 
(1,249
) 
   
$
0.46
 
   
 
6.1
 
   
  
 
 
     
 
 
     
 
 
     
 
 
  
Outstanding at January 31, 2021
   
 
2,680
 
   
$
0.43
 
   
 
5.9
 
   
$
5,573
 
  
 
 
     
 
 
     
 
 
     
 
 
  
Exercisable at January 31, 2021
   
 
2,450
 
   
$
0.42
 
   
 
5.8
 
   
$
5,116
 
  
 
 
     
 
 
     
 
 
     
 
 
  
Summary of the Status of Outstanding RSU's Presented below is a summary of the status of outstanding RSUs, including showing the vesting status other than the liquidity event condition:
           
Weighted
  
    
Number
     
Average
  
    
of
     
Grant Date
  
    
Shares
     
Fair Value
  
Non-vested
at February 1, 2021
      11,930      $ 1.48  
Granted
      2,679        3.87  
Vested
      (2,115 )       1.63  
Forfeited or expired
      (390 )       2.77  
  
 
 
     
 
 
  
Non-vested
at July 31, 2021
      12,104      $ 1.95  
  
 
 
     
 
 
  
Presented below is a summary of the status of outstanding RSUs, including showing the vesting status other than the liquidity event condition:
 
    
Number
of
Shares
     
Weighted
Average
Grant Date
Fair Value
  
Non-vested at February 1, 2019
      1,956      $ 1.29  
Granted
      17,159        1.33  
Vested
      (1,117 )       1.33  
Forfeited or expired
      (314 )       1.32  
  
 
 
     
 
 
  
Non-vested at January 31, 2020
      17,684      $ 1.32  
  
 
 
     
 
 
  
Non-vested at February 1, 2020
      17,684      $ 1.32  
Granted
      2,492        2.51  
Vested
      (6,252 )       1.38  
Forfeited or expired
      (1,994 )       1.68  
  
 
 
     
 
 
  
Non-vested at January 31, 2021
      11,930      $ 1.48