Stockholders' Equity (Tables)

9 Months Ended

Oct. 31, 2019

Stockholders' equity

Schedule of nonvested share activity

	Number of shares awarded total
	Minimum		Target		Maximum		Cap
Employees		35,863		53,796		71,728		86,125
Non-employee Directors		14,414		21,622		28,829		34,595
Total		50,277		75,418		100,557		120,720

	Value at grant date (numbers below are rounded to the nearest $100)
	Minimum		Target		Maximum		Cap
Employees	$	497,600	$	746,400	$	995,200	$	1,194,900
Non-employee Directors		200,000		300,000		400,000		480,000
Total	$	697,600	$	1,046,400	$	1,395,200	$	1,674,900

Schedule of share-based compensation

	Three Months Ended					Nine Months Ended
	October 31,					October 31
	2019			2018		2019			2018
2017 Plan	$	(345	)	$	189	$	(596	)	$	491
Total stock-based compensation	$	(345	)	$	189	$	(596	)	$	491

Schedule of restricted stock units award activity

Shares issued under 2017 Stock Plan	Outstanding Unvested Grants at Maximum at Beginning of FY20		Granted during FY20		Becoming Vested during FY20		Forfeited during FY20		Outstanding Unvested Grants at Maximum at End of October 31, 2019
Restricted stock grants – employees		84,126		-----		-----		12,397		71,729
Restricted stock grants – non-employee directors		28,829		-----		-----		-----		28,829
Retainer in stock – non-employee directors		25,044		7,292		2,675		-----		29,661
Total restricted stock		137,999		7,292		2,675		12,397		130,219
Weighted average grant date fair value	$	13.77	$	11.63	$	15.85	$	13.87	$	13.66

Schedule of stock option activity

Stock Options	Number of Shares		Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Outstanding at July 31, 2019		-----	$	-----		-----	$	-----
Granted during the quarter ended October 31, 2019		24,900	$	11.17		-----		-----
Outstanding at October 31, 2019		24,900	$	11.17		9.79		-----
Exercisable at October 31, 2019		-----	$	-----		-----	$	-----

Assumptions used to calculate the fair value of the options granted

	FY20
Expected volatility		53	%
Expected life in years		10
Expected dividend yield		0.00	%
Risk-free interest rate		1.65	%