Years Ended January 31,

(000’s except share information)

2024

2023

Numerator – Net Income

$

5,425

$

1,873

Denominator for basic net income per share (weighted-average shares which reflect 1,358,208 and 1,330,694 treasury shares at January 31, 2024 and 2023, respectively)

7,352,356

7,562,187

Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options

187,349

175,776

Denominator for diluted net income per share (adjusted weighted average shares)

7,539,705

7,737,963

Basic net income per share

$

0.74

$

0.25

Diluted net income per share

$

0.72

$

0.24