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Stockholders' Equity (Tables)
12 Months Ended
Jan. 31, 2023
Equity [Abstract]  
Fair Value of Stock Options Granted

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option pricing model to determine the fair value of stock options granted for the fiscal year ended January 31, 2022. There were no stock options granted in the fiscal year ended January 31, 2023.

 

 

 

 

 

For the Fiscal Year
 Ended January 31,
 2022

 

Risk-free interest rate

 

 

 

 

0.9

%

Expected volatility

 

 

 

 

55.8

%

Expected dividend yield

 

 

 

 

0.0

%

Expected term (in years)

 

 

 

6.4

 

The weighted average grant-date fair values of stock options granted during the year ended January 31, 2022 was $0.64 per share.

Stock Option Activity

The following table summarizes the Company’s stock option activity:

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Outstanding as of January 31, 2022

 

 

1,263,340

 

 

$

1.40

 

 

 

8.67

 

 

$

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited

 

 

(538,756

)

 

 

1.67

 

 

 

 

 

 

 

Outstanding as of January 31, 2023

 

 

724,584

 

 

$

1.21

 

 

 

8.05

 

 

$

 

Vested and expected to vest as of January 31, 2023

 

 

703,751

 

 

$

1.20

 

 

 

8.04

 

 

$

 

Options exercisable as of January 31, 2023

 

 

397,083

 

 

$

1.27

 

 

 

7.84

 

 

$

 

Summary of Stock Unit Activity

The following table summarizes the Company’s RSU and DSU activity:

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Grant-Date

 

 

 

Number of Shares

 

 

Fair Value

 

Unvested balance as of January 31, 2022

 

 

1,412,691

 

 

$

1.20

 

Granted

 

 

1,819,405

 

 

 

0.51

 

Vested

 

 

(951,274

)

 

 

1.24

 

Forfeited

 

 

(60,000

)

 

 

0.43

 

Unvested balance as of January 31, 2023

 

 

2,220,822

 

 

$

0.64

 

The following table summarizes the Company’s PSU activity:

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

Grant-Date

 

 

 

Number of Shares

 

 

Fair Value

 

Unvested balance as of January 31, 2022

 

 

317,857

 

 

$

1.10

 

Granted

 

 

740,000

 

 

 

0.21

 

Vested

 

 

(87,500

)

 

 

1.08

 

Forfeited

 

 

(115,357

)

 

 

0.68

 

Unvested balance as of January 31, 2023

 

 

855,000

 

 

$

0.39

 

 

Summary of Stock Based Compensation Expense Recognized

The Company recognized stock-based compensation expense within the consolidated statements of operations and comprehensive loss as follows:

 

 

For the Fiscal Years
Ended January 31,

 

 

 

2023

 

 

2022

 

 

 

(Amounts in thousands)

 

Cost of revenue

 

$

42

 

 

$

35

 

Research and development

 

 

34

 

 

 

(77

)

Sales and marketing

 

 

157

 

 

 

114

 

General and administrative

 

 

768

 

 

 

1,618

 

 

 

$

1,001

 

 

$

1,690