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Note 14 - Correction of Immaterial Errors
 3 Months Ended
Apr. 30, 2020
Notes to Financial Statements  
Accounting Changes and Error Corrections [Text Block]
Note
14
- Correction of immaterial errors
 
In the
fourth
quarter of
2019,
management discovered prior period errors that accumulated over several years relating to accounting for leases with escalation clauses. The cumulative adjustment for the prior period errors was approximately
$0.6
 million. This impact can be seen as a
$0.6
million adjustment in accumulated deficit in the revised total stockholders' equity at
January 31, 2019
in the Company's unaudited statements of stockholders' equity herein. For additional information, refer to Note
3
- Correction of immaterial errors, in the Company's latest Annual Report on Form
10
-K.
 
Pursuant to the guidance of Staff Accounting Bulletin ("SAB")
No.
99,
Materiality,
the Company concluded that the errors were
not
material to any of its prior period financial statements. Although the errors were immaterial to prior periods, the prior period financial statements were revised, in accordance with SAB
No.
108,
Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements
, due to the significance of the out-of-period correction.