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 |
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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 | ||
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- Definition Cost of audit services. No definition available.
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- Definition Cost of maintenance and support. No definition available.
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- Definition Cost of professional services. No definition available.
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- Definition Cost of software as service. No definition available.
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- Definition Cost of software licenses. No definition available.
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- Definition Forgiveness of ppp loan and accrued interest. No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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