v3.21.1

Notes Payable To Related Parties | 12 Months Ended
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Jan. 30, 2021
Debt Disclosure [Abstract] |
Notes Payable to Related Parties | NOTE 9—NOTES PAYABLE TO RELATED PARTIES On January 21, 2021, the Company’s Simply Mac subsidiary issued a $400,000 unsecured short-term promissory note to Taylor Capital LLC that was outstanding at January 30, 2021. The note was scheduled to mature, and become due and payable in full, on April 21, 2021 together with a one-time fee of $20,000 plus accrued interest at the rate of 18% per annum compounded monthly. Taylor Capital is wholly owned by Kevin Taylor, the chairman of the Company’s Board of Directors. Interest expense on the note for the fiscal year ended January 30, 2021 was $22,000. In March 2021, the note and all accrued interest and fees were repaid in advance of its maturity.

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