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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Revenue:        
Total revenue $ 5,992,000 $ 2,868,000 $ 11,927,000 $ 5,819,000
Operating expenses:        
Cost of software licenses 92,000 143,000 193,000 279,000
Cost of professional services 1,034,000 261,000 2,160,000 475,000
Cost of audit services 456,000 376,000 895,000 765,000
Cost of maintenance and support 90,000 80,000 136,000 166,000
Cost of software as a service 1,532,000 578,000 3,029,000 1,188,000
Selling, general and administrative expense 3,934,000 2,515,000 8,435,000 5,068,000
Research and development 1,461,000 964,000 2,773,000 1,941,000
Acquisition-related costs 49,000 336,000 139,000 777,000
Total operating expenses 8,648,000 5,253,000 17,760,000 10,659,000
Operating loss (2,656,000) (2,385,000) (5,833,000) (4,840,000)
Other (expense) income:        
Interest expense (189,000) (9,000) (321,000) (22,000)
Other (425,000) (8,000) 108,000 6,000
Forgiveness of PPP loan and accrued interest 2,327,000 2,327,000
Loss from continuing operations before income taxes (3,270,000) (75,000) (6,046,000) (2,529,000)
Income tax (expense) benefit (2,000) 4,000 (13,000) (5,000)
Loss from continuing operations (3,272,000) (71,000) (6,059,000) (2,534,000)
Income from discontinued operations:        
Income from discontinued operations 11,000 332,000
Income from discontinued operations, net of tax 11,000 332,000
Net loss $ (3,272,000) $ (60,000) $ (6,059,000) $ (2,202,000)
Basic Earnings Per Share:        
Continuing operations $ (0.07) $ (0.13) $ (0.06)
Discontinued operations 0.01
Net loss per share $ (0.07) $ (0.13) $ (0.05)
Weighted average number of common shares – basic [1] 47,231,296 41,288,709 47,129,879 39,393,333
Diluted Earnings Per Share:        
Weighted average number of common shares – diluted 47,410,949 41,737,231 47,348,455 39,960,998
Software Licenses [Member]        
Revenue:        
Total revenue $ 52,000 $ 123,000 $ 135,000
Professional Services [Member]        
Revenue:        
Total revenue 1,038,000 30,000 2,282,000 108,000
Audit Services [Member]        
Revenue:        
Total revenue 667,000 443,000 1,346,000 947,000
Maintenance and Support [Member]        
Revenue:        
Total revenue 1,118,000 1,087,000 2,228,000 2,144,000
Software Service [Member]        
Revenue:        
Total revenue $ 3,117,000 $ 1,308,000 $ 5,948,000 $ 2,485,000
[1] Includes the effect of vested and excludes the effect of unvested restricted shares of common stock, which are considered non-participating securities. As of July 31, 2022 and 2021, there were 1,564,031 and 1,015,950 unvested restricted shares of common stock outstanding, respectively.