Income Taxes (Tables)

12 Months Ended

Jan. 31, 2019

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consists of the following:



	Years ended January 31,
	2019			2018
Current
Federal	$	—		$	—
State	—			—
Deferred
Federal	(18,067		)	2,301,519
State	(3,742		)	339,821
Change in valuation allowance	21,809			(2,641,340		)
	$	—		$	—

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before the provision for income taxes. The sources and tax effects of the difference are as follows:



	Years ended January 31,
	2019		2018

Income tax at statutory rate ^(a)	21.00	%	32.92	%
State income taxes, net of federal benefit	4.35		3.69
Expiration of historical NOLs	—		(2,681.81	)
Impact of Tax Cuts and Job Act of 2017	—		(385.70	)
Change in valuation allowance	(25.35	)	3,030.90
Total	0.00	%	0.00	%

^{(a) For the year ended January 31,2018, represents the blended rate of 34% for 11/12 of the year and 21% for 1/12 of the year.}

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and tax liabilities are as follows:



	January 31,
	2019			2018

Net operating loss	$	736,124		$	714,315
Gross deferred tax assets:	736,124			714,315
Less: valuation allowance	(736,124		)	(714,315		)
Net deferred tax asset	$	—		$	—