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Consolidated Balance Sheets - USD ($)
Jan. 31, 2023
Jan. 31, 2022
Current Assets:    
Cash $ 4,378,383 $ 850,598
Accounts receivable, net 6,832,046 7,627,717
Inventories, net 3,635,881 2,890,793
Prepaid expenses and other current assets 828,391 269,209
Total current assets 15,674,701 11,638,317
Property and equipment, net 3,423,096 3,678,532
Intangibles, net 1,502,510 1,984,979
Goodwill 8,633,334 8,633,334
Operating lease right of use assets, net 3,236,690 3,596,317
Deferred tax asset 717,559 448,501
Equity method investment 1,343,486
Deposits 53,819 52,249
Total Assets 34,585,195 30,032,229
Current Liabilities:    
Accounts payable and accrued expenses 9,063,256 6,479,140
Term loan, net of debt discount of $60,082 and $57,771, respectively 1,491,642 1,235,333
Operating lease liability 391,802 292,699
Finance leases payable 182,391 218,039
Total current liabilities 11,879,091 8,985,128
Line of credit 890,000 765,000
Operating lease liability – net of current 2,897,205 3,339,255
Finance leases payable – net of current 248,640 376,132
Term loan – net of current 4,655,181 6,206,896
Total long-term liabilities 10,191,026 12,937,283
Total Liabilities 22,070,117 21,922,411
Commitments and contingencies (Note 10)
Stockholders’ Equity:    
Preferred stock, $0.00001 par value; 19,680,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value; 250,000,000 shares authorized; 36,317,857 and 35,758,792 shares issued and outstanding as of January 31, 2023 and January 31, 2022 364 359
Additional paid in capital 22,724,440 20,587,789
Accumulated deficit (10,060,226) (12,328,830)
Less: Treasury stock, 230,000 shares at cost (149,500) (149,500)
Total Stockholders’ Equity 12,515,078 8,109,818
Total Liabilities and Stockholders’ Equity 34,585,195 30,032,229
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, $0.00001 par value; 19,680,000 shares authorized; no shares issued and outstanding
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, $0.00001 par value; 19,680,000 shares authorized; no shares issued and outstanding
Related Party [Member]    
Current Liabilities:    
Promissory note – related party 750,000 759,917
Promissory note – related party, net of current $ 1,500,000 $ 2,250,000