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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance e

 

The following tables and related disclosures provide information about (i) the “total compensation” of our principal executive officer (“PEO”), and the average of the “total compensation” of our other Named Executive Officers as presented in the Summary Compensation Table for the applicable year, (ii) the “Compensation Actually Paid” to our PEO and the average “Compensation Actually Paid” to our other Named Executive Officers, as calculated pursuant to Item 402(v) of Regulation S-K under the Exchange Act, (iii) certain financial performance measures, and (iv) the relationship of the “compensation actually paid” of the PEO and, on average, our other Named Executive Officers, to those financial performance measures.

 

This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K and does not necessarily reflect value actually realized by the executives or how our Compensation Committee evaluates compensation decisions in light of company or individual performance.

 

Year Summary compensation table total for PEO (1) Compensation actually paid to PEO (2)(3) Average summary compensation table total for non-PEO Named Executive Officers (1) Average compensation actually paid to non-PEO Named Executive Officers (1)(2)(3) Value of Initial Fixed $100 investment based on Total Shareholder Return (4) Net income (loss) attributable to common stockholders (in thousands)
2024 $298,434 $289,664 $267,234 $262,033 $28.04 ($3,514)
2023 $347,201 $303,703 $301,047 $228,144 $30.84 ($12,620)
2022 $347,824 $297,714 $349,998 $239,838 $64.49 ($17,986)

 

 

 

(1)

The Company’s principal executive officer (“PEO”) for fiscal 2024, 2023 and 2022 was Robert P. Capps. The non-PEO Named Executive Officer for fiscal 2024 was Mark A. Cox. The non-PEO Named Executive Officers for fiscal 2023 and 2022 was Mark A. Cox and Dennis P. Morris.

 

 

(2)

The amounts shown as Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s Named Executive Officers. These amounts reflect total compensation as set forth in the Summary Compensation Table for each year, adjusted as described in footnote 3 below and averaged for the non-PEO Named Executive Officers.

 

 

(3)

Compensation Actually Paid reflects the exclusions and inclusions for the PEO and, on average, the non-PEO Named Executive Officers set forth below. Amounts excluded, which are set forth in the “Minus Stock Awards from Summary Compensation Table” columns below, represent the Stock Awards reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. Amounts added back to determine Compensation Actually Paid are made up of the following components which are set forth in the table below, as applicable: (i) the fair value as of the end of the fiscal year of outstanding and unvested equity awards granted in that year; (ii) the change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year; (iii) the fair value as of the vesting date of equity awards that were granted and vested in that year; and (iv) the change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year. The fair value at the end of the prior year of awards granted in any prior year that failed to meet applicable vesting conditions during the covered year are subtracted. The dollar value of any dividends or other earnings paid on stock awards in a covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year are added. Equity values are calculated in accordance with ASC Topic 718.
   
PEO Total Compensation Amount $ 298,434 $ 347,201 $ 347,824
PEO Actually Paid Compensation Amount $ 289,664 303,703 297,714
Adjustment To PEO Compensation, Footnote

 

 

Year Summary compensation table total for PEO Minus stock awards from summary compensation table Plus year-end equity value of unvested awards granted during year Plus change in the value of unvested awards granted in prior years Plus value of awards granted and vested during year Plus change in value of prior year awards vested during year Compensation actually paid to PEO
2024 $298,434 $0 $0 ($5,577) $0 ($3,193) $289,664
2023 $347,201 $48,767 $38,933 ($21,375) $0 ($12,289) $303,703
2022 $347,824 $72,487 $41,231 ($6,301) $0 ($12,553) $297,714

 

 

    
Non-PEO NEO Average Total Compensation Amount $ 267,234 301,047 349,998
Non-PEO NEO Average Compensation Actually Paid Amount $ 262,033 228,144 239,838
Adjustment to Non-PEO NEO Compensation Footnote
Year Average summary compensation table total for non-PEO named executive officers Minus stock awards from summary compensation table Plus year-end equity value of unvested awards granted during year Plus change in the value of unvested awards granted in prior years Plus value of awards granted and vested during year Plus change in value of prior year awards vested during year Average compensation actually paid to non-PEO named executive officers
2024 $267,234 $0 $0 ($3,314) $0 ($1,887) $262,033
2023 $301,047 $29,260 $23,360 ($12,215) $0 ($54,788) $228,144
2022 $349,998 $51,777 $27,260 ($56,213) $0 ($29,430) $239,838

 

  (4) Total Shareholder Return illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in Company common stock on January 31, 2021.

 

    
Total Shareholder Return Amount $ 28.04 30.84 64.49
Net Income (Loss) (3,514,000) (12,620,000) (17,986,000)
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 48,767 72,487
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 38,933 41,231
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (5,577) (21,375) (6,301)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,193) (12,289) (12,553)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 29,260 51,777
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 23,360 27,260
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (3,314) (12,215) (56,213)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (1,887) $ (54,788) $ (29,430)