v3.7.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jan. 31, 2017
FAIR VALUE MEASUREMENTS (Tables)  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques

The following table presents information about the Company’s liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of January 31, 2017 and January 31, 2016:

 

 

 

Fair value measured at January 31, 2016

 

 

Total carrying value at January 31,

 

 

Quoted prices in activemarkets

 

 

Significant otherobservable inputs

 

 

Significantunobservable inputs

 

 

2016

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency investments

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

Fair value measured at January 31, 2017

 

 

Total carrying value at January 31,

 

 

Quoted prices in activemarkets

 

 

Significant otherobservable inputs

 

 

Significantunobservable inputs

 

 

2017

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency investments

 

$

14,681

 

 

$

-

 

 

$

-

 

 

$

14,681

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Schedule of Changes in Fair Value of Plan Assets

Changes in Level 3 liabilities measured at fair value for the year ended January 31, 2017:

 

Convertible notes Balance - February 1, 2016

$

82,621

Addition of convertible notes

 

185,505

Conversion of notes into common stock

 

(155,730)

Cash paid settlement of note

 

(58,750)

Gain on extinguishment of debt

 

(90,200)

Change in fair value of convertible notes (including OID discount)

$

254,006

Convertible notes Balance - January 31, 2017

$

217,452