Note

- Stock-based compensation

The Company’s

2017

Omnibus Stock Incentive Plan dated

June 13, 2017,

as amended, which the Company's stockholders approved in

June 2017 (

"2017

Plan"), is the only incentive stock plan under which new equity incentive awards

may

be granted.

The Company has prior incentive plans under which previously granted awards remain outstanding, but under which

new awards

may

be granted. At

April 30, 2020

the Company had reserved a total of

641,623

shares for grants and issuances under these incentive stock plans, which includes a reserve for issuances pursuant to unvested or unexercised prior awards, and shares for new grants or issuances pursuant to the

2017

Plan.

While the

2017

Plan provides for the grant of deferred shares, non-qualified stock options, incentive stock options, restricted shares, restricted stock units, and performance-based restricted stock units intended to qualify under section

422

of the Internal Revenue Code, to date the Company has issued only restricted shares and restricted stock units under the

2017

Plan. The

2017

Plan authorizes awards to officers, employees, consultants and independent directors.

The Company has stock-based compensation awards that can be granted to eligible employees, officers or independent directors. The following were the Company's stock-based compensation expenses for the periods presented:

	Three Months Ended April 30,
	2020		2019
Stock-based compensation expense	$	2	$	4
Restricted stock-based compensation expense		217		150
Total stock-based compensation expense	$	219	$	154

Stock Options

The Company did

not

grant any stock options during the

three

months ended

April 30, 2020

. The following tables summarizes the Company's stock option activity:

Option activity	No. of Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 31, 2020		132		$	8.98		3.2	$	160
Exercised		-			-				-
Expired or forfeited		(4	)		-
Outstanding at April 30, 2020		128			8.98		3.1		2

Exercisable at April 30, 2020		125		$	9.01		3.0	$	2

stock options were exercised during the

three

months ended

April 30, 2020

Unvested option activity	No. of Shares Underlying Options		Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Outstanding at January 31, 2020		3	$	7.33	$	4
Vested		-
Expired or forfeited		-		-
Outstanding at April 30, 2020		3	$	7.33	$	-

As of

April 30, 2020

, there was less than $

0.1

million of total unrecognized compensation expense related to unvested stock options. The expense is expected to be recognized over a weighted average period of

0.1

years.

Restricted stock

The following table summarizes the Company's restricted stock activity for the

three

months ended

April 30,

2020

Restricted stock activity	Restricted Shares			Weighted Average Grant Price Per Share		Aggregate Intrinsic Value
Outstanding at January 31, 2020		321		$	8.89	$	2,857
Granted		-			-
Vested and issued		-			-
Forfeited or retired for taxes		(0	)		9.79
Outstanding at April 30, 2020		321		$	8.89	$	2,856

s of

April 30, 2020

, there was

$1.3

million of unrecognized compensation expense related to unvested restricted stock granted under the plans. That cost is expected to be recognized over a weighted average period of

2.0

years.