Stockholders’ Equity (Tables)

12 Months Ended

Jan. 31, 2023

Equity [Abstract]

Schedule of Restricted Stock Option Activity

The following is a summary of the Company’s restricted stock units activity:

	Restricted Stock Units			Weighted Average Exercise Price
Unvested – February 1, 2022		14,000		$	2.83
Granted		367,647		$	1.36
Vested		-		$	-
Forfeited		(14,000	)	$	2.83
Outstanding – January 31, 2023		367,647		$	1.36

Summary of Option Activity

The following is a summary of the Company’s option activity:

	Options			Weighted Average Exercise Price
Outstanding – February 1, 2022		669,000		$	0.66
Exercisable – February 1, 2022		666,500		$	0.65
Granted		150,000		$	1.48
Exercised		(130,000	)	$	1.00
Outstanding – January 31, 2023		689,000		$	0.77
Exercisable – January 31, 2023		539,000		$	0.57

Summary of Option Outstanding and Exercisable

		Options Outstanding					Options Exercisable
Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
$	0.39 – 1.48	689,000		2.32	$	0.77	539,000	$	0.57

Schedule of Warrants Fair Value Assumption

	September 13, 2022
Risk-free interest rate		3.58	%
Expected life		5 years
Expected volatility of underlying stock		82.52	%
Dividends		0	%

Schedule of Warrants Activity

The following is a summary of the Company’s warrant activity:

	Warrants		Weighted Average Exercise Price
Outstanding – February 1, 2022		-	$	-
Exercisable – February 1, 2022		-	$	-
Granted		13,650	$	2.25
Exercised		-	$	-
Outstanding – January 31, 2023		13,650	$	2.25
Exercisable – January 31, 2023		13,650	$	2.25

Schedule of Warrants Outstanding and Exercisable

		Warrants Outstanding					Warrants Exercisable
Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
$	2.25	13,650		4.62	$	2.25	13,650	$	2.25