XML 43 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Warrants (Tables)
 6 Months Ended
Jul. 31, 2023
Class of Warrant or Right [Line Items]  
Summary of Assumptions Used in Estimating Fair Values of Warrants

The fair value of the Stifel Warrant was determined using a Black-Scholes model. The assumptions used in estimating the fair value of the Stifel Warrant are included in the table below. There are no values as of January 31, 2023, as the warrant was issued on April 21, 2023.

 

 

July 31, 2023

 

Asset price

 

$

1.15

 

Exercise price of the warrant

 

$

1.36

 

Contractual term

 

 

9.7

 

Volatility

 

 

65.00

%

Dividend yield

 

 

0.00

%

Risk-free rate

 

 

4.00

%
The fair value of the Stifel Warrant was determined to be $0.1 million at July 31, 2023.