Shareholders' Equity (Tables)
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3 Months Ended |
Apr. 30, 2022 |
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| Share-based Payment Arrangement, Noncash Expense [Abstract] |
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| Schedule of warrants outstanding [Table Text Block] |
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Warrants |
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Warrants |
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Exercise Price |
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Grant Date |
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Outstanding |
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Exercisable |
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(Per Share) |
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Expiration Date |
May 2, 2019 |
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349,998 |
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349,998 |
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$ |
15.00 |
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May 2, 2024 |
April 17, 2020 |
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367,197 |
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367,197 |
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$ |
2.66 |
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April 14, 2025 |
May 22, 2020 |
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122,398 |
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122,398 |
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$ |
2.66 |
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April 14, 2025 |
June 8, 2020 |
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122,399 |
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122,399 |
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$ |
2.66 |
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April 14, 2025 |
June 12, 2020 |
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122,398 |
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122,398 |
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$ |
2.66 |
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April 14, 2025 |
July 11, 2020 |
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244,798 |
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244,798 |
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$ |
2.66 |
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April 14, 2025 |
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| Schedule of stock options valuation assumptions [Table Text Block] |
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Fiscal 2022 |
Expected volatility: |
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83% |
Expected term (in years): |
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6 years |
Risk-free interest rate: |
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2.4% |
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| Schedule of stock option activity [Table Text Block] |
A summary of the status of the Company’s stock options outstanding as of April 30, 2022 and changes during the three months then ended is as follows:
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2020 Plan |
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2011 Plan |
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2004 Plan |
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Option |
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Weighted Average |
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Option |
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Weighted Average |
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Option |
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Weighted Average |
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Shares |
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Exercise Price |
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Shares |
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Exercise Price |
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Shares |
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Exercise Price |
Balance outstanding, January 29, 2022 |
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147,500 |
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$ |
7.33 |
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25,700 |
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$ |
10.04 |
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3,000 |
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$ |
53.49 |
Granted |
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20,500 |
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$ |
5.92 |
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— |
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$ |
— |
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— |
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$ |
— |
Exercised |
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— |
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$ |
— |
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— |
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$ |
— |
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— |
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$ |
— |
Forfeited or canceled |
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(19,500) |
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$ |
6.80 |
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(6,500) |
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$ |
11.34 |
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— |
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$ |
— |
Balance outstanding, April 30, 2022 |
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148,500 |
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$ |
7.20 |
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19,200 |
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$ |
9.60 |
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3,000 |
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$ |
54.70 |
Options exercisable at April 30, 2022 |
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15,000 |
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$ |
8.72 |
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16,300 |
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$ |
10.49 |
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3,000 |
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$ |
54.70 |
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| Schedule of stock options outstanding, vested and expected to vest [Table Text Block] |
The following table summarizes information regarding stock options outstanding as of April 30, 2022:
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Options Outstanding |
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Options Vested or Expected to Vest |
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Weighted |
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Weighted |
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Weighted |
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Average |
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Weighted |
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Average |
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Average |
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Remaining |
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Aggregate |
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Average |
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Remaining |
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Aggregate |
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Number of |
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Exercise |
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Contractual |
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Intrinsic |
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Number of |
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Exercise |
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Contractual |
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Intrinsic |
Option Type |
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Shares |
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Price |
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Life (Years) |
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Value |
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Shares |
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Price |
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Life (Years) |
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Value |
2020 Plan |
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148,500 |
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$ |
7.20 |
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9.3 |
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$ |
— |
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130,800 |
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$ |
7.22 |
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9.3 |
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$ |
— |
2011 Plan |
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19,200 |
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$ |
9.60 |
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5.8 |
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$ |
— |
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18,700 |
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$ |
9.75 |
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5.7 |
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$ |
— |
2004 Plan |
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3,000 |
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$ |
54.70 |
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1.9 |
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$ |
— |
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3,000 |
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$ |
54.70 |
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1.9 |
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$ |
— |
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| Schedule of restricted stock unit activity [Table Text Block] |
A summary of the status of the Company’s non-vested restricted stock unit activity as of April 30, 2022 and changes during the three-month period then ended is as follows:
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Restricted Stock Units |
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Market-Based Units |
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Time-Based Units |
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Performance-Based Units |
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Total |
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Weighted |
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Weighted |
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Weighted |
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Weighted |
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Average |
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Average |
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Average |
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Average |
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Grant Date |
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Grant Date |
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Grant Date |
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Grant Date |
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Shares |
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Fair Value |
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Shares |
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Fair Value |
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Shares |
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Fair Value |
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Shares |
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Fair Value |
Non-vested outstanding, January 29, 2022 |
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57,800 |
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$ |
3.47 |
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1,031,300 |
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$ |
7.46 |
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222,900 |
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$ |
4.13 |
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1,312,000 |
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$ |
6.72 |
Granted |
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— |
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$ |
— |
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497,600 |
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$ |
5.92 |
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36,400 |
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$ |
1.69 |
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534,000 |
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$ |
5.63 |
Vested |
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— |
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$ |
— |
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(263,800) |
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$ |
5.64 |
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— |
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$ |
— |
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(263,800) |
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$ |
5.64 |
Forfeited |
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— |
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$ |
— |
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(58,600) |
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$ |
5.17 |
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— |
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$ |
— |
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(58,600) |
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$ |
5.17 |
Expired |
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(12,500) |
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$ |
5.07 |
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— |
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$ |
— |
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— |
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$ |
— |
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(12,500) |
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$ |
5.07 |
Non-vested outstanding, April 30, 2022 |
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45,300 |
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$ |
3.02 |
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1,206,500 |
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$ |
7.33 |
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259,300 |
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$ |
3.79 |
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1,511,100 |
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$ |
6.60 |
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