Stockholders' Equity (Deficit)

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)

Preferred Stock

The Company's Board of Directors has the authority, without further action by the Company's stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, and privileges thereof, including voting rights. As of January 31, 2020 and January 31, 2021, no shares of preferred stock were issued and outstanding.

Common Stock

The Company has two classes of common stock, Class A and Class B. Each share of Class A common stock is entitled to 40 votes per share and is convertible at any time into one share of Class B common stock. Each share of Class A common stock will convert automatically into one share of Class B common stock upon any transfer, whether or not for value. Each share of Class B common stock is entitled to one vote per share. Holders of Class A common stock and Class B common stock vote together as a single class on all matters (including the election of directors) submitted to a vote of stockholders, unless otherwise required by law or the Company's certificate of incorporation. Subject to preferences that may be applicable to any then-outstanding preferred stock, holders of Class A common stock and Class B common stock are entitled to receive dividends, if any, as may be declared by the Company's board of directors.

At January 31, 2020 and January 31, 2021, there were 3,263,659 shares of Class A common stock authorized. At January 31, 2020 and January 31, 2021, there were 3,263,659 shares of Class A common stock issued and outstanding.

At January 31, 2020 and January 31, 2021, there were 500,000,000 shares of Class B common stock authorized. At January 31, 2020 and January 31, 2021, there were 24,985,698 and 27,271,435 shares of Class B common stock issued and outstanding, respectively.

Class B Common Stock Warrants

In connection with the credit facility and a line of credit signed in July 2016, the Company issued warrants to purchase shares of Class B common stock. As of January 31, 2021, there were 103,333 shares of Class B common stock subject to issuance under outstanding warrants, which are exercisable at prices ranging from $0.01 to $34.35 per share