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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jan. 31, 2023

Jan. 31, 2022

Pay Versus Performance

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and the financial performance of the Company. For the most recently completed fiscal year, the Company did not use any “financial performance measures” as defined in Item 402(v) of Regulation S-K to link compensation paid to our NEOs to the Company’s performance. We are also permitted to report as a “smaller reporting company” as defined under the U.S. federal securities laws. Accordingly, we have not included a tabular list of financial performance measures, and the table below does not include a column for a “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K.

The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended January 31, 2024 and 2023, and our financial performance for each such fiscal year:

Year	Summary Compensation Table Total for PEO (1)	Compensation Actually Paid to PEO	Average Summary Compensation Table Total for Non-PEO NEOs (1)	Average Compensation Actually Paid to Non-PEO NEOs	Value of Initial Fixed $100 Investment Based On Total Shareholder Return (2)	Net Income ($ in thousands) (3)
2023	1,471,563	1,317,102	484,879	465,826	132	10,471
2022	1,576,626	1,583,967	527,008	528,050	167	5,945

PEO Total Compensation Amount

$ 1,471,563

$ 1,576,626

PEO Actually Paid Compensation Amount

$ 1,317,102

1,583,967

Adjustment To PEO Compensation, Footnote

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

	2023						2022
Description of Amount	PEO			Average Non-PEO NEOs			PEO			Average Non-PEO NEOs
Summary Compensation Table - Total Compensation	$	1,471,563		$	484,879		$	1,576,626		$	527,008
Decrease in amounts reported under the "Stock Awards" column in the Summary Compensation Table for the applicable fiscal year		(350,981	)		(55,712	)		(337,447	)		(64,187	)
Increase for Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards Granted in Fiscal Year		274,963			43,646			312,508			59,443
(Decrease)/Increase for Awards Granted during Prior Fiscal Year that were Outstanding and Unvested as of Applicable Fiscal Year End, determined based on change in Fair Value from Prior Fiscal Year End to Applicable Fiscal Year End		(76,740	)		(6,568	)		63,982			11,967
Decrease for Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year		(1,703	)		(419	)		(31,702	)		(6,181	)
Change in compensation		1,317,102			465,826			1,583,967			528,050

(1) Our Principal Executive Officer (“PEO”) for 2023 and 2022 is David J. Mansfield, and our Non-PEO NEOs for whom the average compensation is presented in this table for 2023 and 2022 are Matthew E. Lewicki and Saleh Sagr.

(2) Total Shareholder Return illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in the Company’s Common Stock on January 31, 2021.

(3) The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.

(4) Mr. Lewicki's compensation data is only for nine months since he began his employment in May 2023. Mr. Norwood's salary is prorated as he was only with the Company eleven of the twelve months before retiring in December 2023. Mr. Dewbre resigned in July 2024, therefore, his salary is also prorated to five months.

Non-PEO NEO Average Total Compensation Amount

$ 484,879

527,008

Non-PEO NEO Average Compensation Actually Paid Amount

$ 465,826

528,050

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Financial Performance Measures

While the Company utilizes several performance measures to align executive compensation with Company performance, not all of those Company measures are presented in the Pay versus Performance table. Moreover, the Company generally seeks to incentivize long-term performance, and therefore does not specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with SEC rules) for a particular year. In accordance with SEC rules, the Company is providing the following descriptions of the relationships between information presented in the Pay versus Performance table.

Compensation and Cumulative Total Shareholder Return

The following chart sets forth the relationship between PEO compensation, the average compensation of our Non-PEO NEOs, and the Company’s cumulative total shareholder return (“TSR”) for the years ended January 31, 2024 and 2023.

Compensation Actually Paid vs. Net Income

Compensation and Net Income

The following chart sets forth the relationship between PEO compensation, the average compensation of our Non-PEO NEOs, and the Company’s net income for the years ended January 31, 2024 and 2023.