XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure [Table]    
Pay vs Performance [Table Text Block]
The following table presents the pay versus performance information for our named executive officers. The amounts set forth below have been calculated in accordance with Item 402(v) of Regulation S-K. Use of the term “compensation actually paid” is required by the SEC’s rules and, as a result of the calculation methodology required by the SEC. Such amounts differ from compensation actually received by the individuals.

Fiscal
Year
Summary Compensation Table Total for PEO ($)(1)
Compensation Actually Paid to PEO ($)(2)
Average Summary Compensation Table Total for Non-PEO NEOs ($)(3)
Average Compensation Actually Paid to Non-PEO NEOs ($)(4)
Year-End Value of $100 Investment Based On Total Stockholder Return ($)(5)
Net Income (Loss)
(thousand $)(6)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
2023
367,148
389,348
335,349
357,549
178
16,547 
2022
341,139
351,099
340,091
319,568
108
(15,136)
 
Named Executive Officers, Footnote [Text Block] The dollar amounts reported in column (b) are the amounts of total compensation reported for Robert A. Virtue (our Chief Executive Officer, or PEO) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—Summary Compensation Table.”The dollar amounts reported in column (d) represent the average of the amounts reported for the NEOs as a group (excluding our PEO) in the “Total” column of the Summary Compensation Table in each applicable year. The Non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are Douglas A. Virtue and Robert E. Dose.  
PEO Total Compensation Amount $ 367,148 $ 341,139
PEO Actually Paid Compensation Amount $ 389,348 351,099
Adjustment To PEO Compensation, Footnote [Text Block] The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Virtue, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Virtue during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Mr. Virtue’s Summary Compensation Table Total compensation for each year to determine the compensation actually paid. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
PEO
2022
2023
Summary Compensation Table Total
$341,139
$367,148
Less:
Stock Award Values Reported in Summary Compensation Table for the Covered Year
$0
$0
Plus:
Fair value of Equity Awards Granted During Covered Year
$0
$0
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years
$3,520
$15,440
Change in Fair Value of Stock Awards from Prior Years that Vested in the Covered Year
$6,440
$6,760
Less:
Fair Value of Equity Awards Forfeited During Covered Year
$0
$0
Less:
Change in Pension Value Reported in Summary Compensation Table
$0
$0
Plus:
Pension Value Service Cost
$0
$0
Compensation Actually Paid
$351,099
$389,348
 
Non-PEO NEO Average Total Compensation Amount $ 335,349 340,091
Non-PEO NEO Average Compensation Actually Paid Amount $ 357,549 319,568
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the Non-PEO NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our PEO) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to average total compensation for the Non-PEO NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in Note (2).
Average of Non-PEO NEOs
2022
2023
Summary Compensation Table Total
$340,091
$335,349
Less:
Stock Award Values Reported in Summary Compensation Table for the Covered Year
$0
$0
Plus:
Fair value of Equity Awards Granted During Covered Year
$0
$0
Change in Fair Value of Outstanding Unvested Stock Awards from Prior Years
$3,520
$15,440
Change in Fair Value of Stock Awards from Prior Years that Vested in the Covered Year
$6,440
$6,760
Less:
Fair Value of Equity Awards Forfeited During Covered Year
$0
$0
Less:
Change in Pension Value Reported in Summary Compensation Table
($30,483)
$0
Plus:
Pension Value Service Cost
$0
$0
Compensation Actually Paid
$319,568
$357,549
 
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
The chart below shows the relationship between the compensation actually paid to our PEO and the average compensation actually paid to our Non-PEO NEOs, on the one hand, to the Company’s cumulative total stockholder return, or TSR, over the two years presented in the table, on the other.

Picture1.jpg
 
Compensation Actually Paid vs. Net Income [Text Block]
The chart below shows the relationship between the compensation actually paid to our PEO and the average compensation actually paid to our Non-PEO NEOs, on the one hand, to the Company’s net income, on the other.
Picture2.jpg
 
Total Shareholder Return Amount $ 178 108
Net Income (Loss) $ 16,547,000 (15,136,000)
PEO Name Robert A. Virtue  
Additional 402(v) Disclosure [Text Block] As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, we are providing the following disclosure about the relationship between “compensation actually paid” for our principal executive officer, or PEO, and non-PEO named executive officers, or Non-PEO NEOs, and certain financial performance of the Company. As a smaller reporting company we are permitted and have elected to provide scaled pay versus performance disclosure. For further information regarding our compensation philosophy and how we seek to align executive compensation with the Company’s performance, please see above in this “Executive Compensation” section. Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.The dollar amounts reported represent the amount of net income (loss) reflected in the Company’s audited financial statements for the applicable fiscal year.  
PEO [Member] | Equity Awards Reported Value [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 0 0
PEO [Member] | Equity Awards Granted During the Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
PEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 15,440 3,520
PEO [Member] | Equity Awards Granted in Prior Years, Vested [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 6,760 6,440
PEO [Member] | Equity Awards Forfeited During the Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
PEO [Member] | Pension Adjustment, Change in Pension Value [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
PEO [Member] | Pension Adjustments, Service Cost [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
Non-PEO NEO [Member] | Equity Awards Reported Value [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
Non-PEO NEO [Member] | Equity Awards Granted During the Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 15,440 3,520
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 6,760 6,440
Non-PEO NEO [Member] | Equity Awards Forfeited During the Year [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 0
Non-PEO NEO [Member] | Pension Adjustment, Change in Pension Value [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount 0 30,483
Non-PEO NEO [Member] | Pension Adjustments, Service Cost [Member]    
Pay vs Performance Disclosure [Table]    
Adjustment to Compensation Amount $ 0 $ 0