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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Apr. 30, 2021
Accounting Policies [Abstract]  
Schedule of Warrants Valuation Assumptions

The value of the warrants was based on Black-Scholes pricing model based on the following inputs:

 

Debenture Warrants

 

Type of option   Call option  
Stock price   $ 2.25  
Exercise (Strike) price   $ 1.00  
Time to maturity (years)     2.0  
Annualized risk-free rate     1.630 %
Annualized volatility     27.43 %

 

Additional Warrants

 

Type of option   Call option  
Stock price   $ 2.25  
Exercise (Strike) price   $ 2.25  
Time to maturity (years)     3.0  
Annualized risk-free rate     1.630 %
Annualized volatility     27.43 %