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Note 14 - Subsequent Event
6 Months Ended
Jul. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

 

14. Subsequent Event

 

On September 4, 2024, The Company filed an amendment to the Certificate of Designations, Preferences and Rights of 9.00% Series A Cumulative Preferred Stock to provide that each share of Preferred Stock shall be converted into 3.9 shares of common stock.   The amendment was approved by the holders of the Preferred Stock at a Virtual Special Meeting on August 29, 2024.  As a result, the Company issued approximately 6.6 million shares of common stock in exchange for all outstanding shares of Preferred Stock.  Following the transaction, there are approximately 8.0 million shares of common stock and no preferred stock outstanding.