SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS
The Company has evaluated subsequent events from the July 31, 2026, condensed consolidated balance sheet date through the date of this filing and determined there were no events to disclose or that require recognition in the accompanying condensed consolidated financial statements except as noted below.
On August 1, 2026, the Company executed an employment agreement with an employee which provided options for common stock, upon execution of the agreement, with certain vesting obligations. The options for common stock vest quarterly over , with an exercise price of $. The Company is required to obtain shareholder approval prior to the issuance of such common stock under NYSE American listing rules, and therefore these shares that are contractually obligated will be issued following shareholder approval.
On August 19, 2026, the Company entered into an operating lease for warehouse and office space that commences September 1, 2026 and has a term of 72 months. This lease is expected to result in a right-of-use asset and lease liability of approximately $544,000 upon commencement.
On August 27, 2026, a consultant for the Company who was owed $96,000 converted $48,000 of the balance into shares of common stock of the Company. The Company is required to obtain shareholder approval prior to the issuance of such common stock under NYSE American listing rules, and therefore these shares which are contractually obligated will be issued following shareholder approval. |