v3.25.2
Options and Warrants (Tables)
 3 Months Ended 12 Months Ended
Apr. 30, 2025
Jan. 31, 2025
Class of Warrant or Right [Line Items]    
Schedule of Options Outstanding

The following table summarizes the changes in outstanding options and the related price of the shares of the Company’s common stock issued to employees of the Company. See Note 7 for the issuance of related party options.

 

       Exercise   Remaining   Intrinsic 
   Shares   Price   Life   Value 
Outstanding, January 31, 2024   874,835   $3.23     2.31 years       
                     
Granted   689,584    4.40     1.93 years     - 
                     
Expired/Cancelled   (190,751)   
-
    -      
                     
Exercised   
-
    
-
    -      
                     
Outstanding, January 31, 2025   1,373,668    3.68     1.90 years       
                     
Granted   -    -    -      
                     
Expired/Cancelled   
-
    
-
    -      
                     
Exercised   
-
    
-
    -      
                     
Outstanding- April 30, 2025   1,373,668   $3.68     1.65 years    $4,550,248 
                     
Exercisable - April 30, 2025   1,373,668   $3.68     1.65 years    $4,550,248 

The following table summarizes the changes in options outstanding and the related price of the shares of the Company’s common stock issued to employees of the Company. See Note 7 for the issuance of related party options.

 

       Exercise   Remaining   Intrinsic 
   Shares   Price   Life   Value 
Outstanding, January 31, 2023   470,335   $4.13    2.53 years    
 
 
Granted   404,500    2.18    2.68 years    
-
 
Expired/Cancelled   
-
    
-
    -      
Exercised   
-
    
-
    -      
Outstanding, January 31, 2024   874,835    3.23    2.31 years      
Granted   689,584    4.40    1.93 years      
Expired/Cancelled   (190,751)   
-
    -      
Exercised   
-
    
-
    -      
Outstanding- January 31, 2025   1,373,668   $3.68    1.90 years   $6,337,984 
Exercisable - January 31, 2025   1,373,668   $3.68    1.90 years   $6,337,984 
Schedule of Additional Information Relating to the Options Outstanding

The following table summarizes additional information relating to the options outstanding as of April 30, 2025:

 

            Weighted Average       Weighted Average     
Range of Exercise   Number   Weighted Average   Exercise Price for Shares   Number   Exercise Price for Shares   Intrinsic 
Prices   Outstanding   Life(Years)   Outstanding   Exercisable   Exercisable   Value 
                          
$1.93    214,500    1.49   $1.93    214,500   $1.93   $1,061,775 
$2.12    140,000    1.49   $2.12    140,000   $2.12   $666,400 
$2.37    195,000    1.88   $2.37    195,000   $2.37   $879,450 
$2.61    195,000    1.88   $2.61    195,000   $2.61   $828,750 
$2.65    20,000    1.39   $2.65    20,000   $2.65   $84,600 
$2.75    30,000    1.76   $2.75    30,000   $2.75   $123,900 
$3.59    35,000    2.42   $3.59    35,000   $3.59   $115,150 
$3.75    57,500    0.61   $3.75    57,500   $3.75   $179,975 
$3.98    30,000    0.76   $3.98    30,000   $3.98   $87,000 
$4.09    78,750    0.25   $4.09    78,750   $4.09   $219,713 
$4.12    50,000    0.61   $4.12    50,000   $4.12   $138,000 
$4.50    58,334    0.25   $4.50    58,334   $4.50   $138,835 
$5.99    30,000    2.17   $5.99    30,000   $5.99   $26,700 
$7.34    180,918    2.73   $7.34    180,918   $7.34   $
-
 
$8.07    58,666    2.73   $8.07    58,666   $8.07   $
-
 
                                 
      1,373,668    1.65   $3.68    1,373,668   $3.68   $4,550,248 

The following table summarizes additional information relating to the options outstanding as of January 31, 2025:

 

            Weighted Average       Weighted Average     
Range of Exercise   Number   Weighted Average   Exercise Price for Shares   Number   Exercise Price for Shares   Intrinsic 
Prices   Outstanding   Life(Years)   Outstanding   Exercisable   Exercisable   Value 
                          
$1.93    214,500    1.73   $1.93    214,500   $1.93   $1,364,220 
$2.12    140,000    1.73   $2.12    140,000   $2.12   $863,800 
$2.37    195,000    2.13   $2.37    195,000   $2.37   $1,154,400 
$2.61    195,000    2.13   $2.61    195,000   $2.61   $1,107,600 
$2.65    20,000    1.63   $2.65    20,000   $2.65   $112,800 
$2.75    30,000    2.00   $2.75    30,000   $2.75   $166,200 
$3.59    35,000    2.66   $3.59    35,000   $3.59   $164,500 
$3.75    57,500    1.00   $3.75    57,500   $3.75   $261,050 
$3.98    30,000    1.00   $3.98    30,000   $3.98   $129,300 
$4.09    78,750    0.50   $4.09    78,750   $4.09   $330,750 
$4.12    50,000    0.85   $4.12    50,000   $4.12   $208,500 
$4.50    58,334    0.50   $4.50    58,334   $4.50   $221,086 
$5.99    30,000    2.41   $5.99    30,000   $5.99   $69,000 
$7.34    180,918    2.98   $7.34    180,918   $7.34   $171,872 
$8.07    58,666    2.98   $8.07    58,666   $8.07   $12,907 
      1,373,668    1.90   $3.68    1,373,668   $3.68   $6,337,984 
Warrant [Member]    
Class of Warrant or Right [Line Items]    
Schedule of Warrants Outstanding

The following table summarizes the changes in the warrants outstanding and the related price of the shares of the common stock issued to non-employees of the Company during the three months ending April 30, 2025 and the year ending January 31, 2025.

 

       Exercise   Remaining   Intrinsic 
   Shares   Price   Life   Value 
Outstanding, January 31, 2024   1,283,038   $5.88     2.97 years    $
-
 
                     
Granted   4,402,460    6.40     4.72 years     
-
 
                     
Expired/Cancelled   (50,000)   4.00    -    
-
 
                     
Exercised   (88,525)   1.98    -    
-
 
                     
Outstanding, January 31, 2025   5,546,973    6.37    3.68 years    - 
                     
Granted   -    -    -    
-
 
                     
Expired/Cancelled   -    -    -    
-
 
                     
Exercised   (58,333)   1.93    -    
-
 
                     
Outstanding- April 30, 2025   5,488,640   $6.42     3.98   years    $2,531,538 
                     
Exercisable - April 30, 2025   5,488,640   $6.42     3.98   years    $2,531,538 

The following table summarizes the changes in the warrants outstanding and the related price of the shares of the common stock issued to non-employees of the Company during the year ending January 31, 2025.

 

       Exercise   Remaining   Intrinsic 
   Shares   Price   Life   Value 
Outstanding, January 31, 2023   1,307,671   $6.43    3.34 years   $
-
 
Granted   175,833    2.28    2.97 years    
-
 
Expired/Cancelled   (200,466)   6.33    -    
-
 
Exercised   
-
    
-
    -    
-
 
Outstanding, January 31, 2024   1,283,038    5.88    2.97 years    
-
 
Granted   4,402,460    6.40    4.72 years    
-
 
Expired/Cancelled   (50,000)   4.00    -    
-
 
Exercised   (88,525)   1.98    -    
-
 
Outstanding- January 31, 2025   5,546,973   $6.37    3.68 years   $10,626,018 
Exercisable - January 31, 2025   5,546,973   $6.37    3.68 years   $

10,626,018

 
Schedule of Additional Information Relating to the Warrants Outstanding

The following table summarizes additional information relating to the warrants outstanding as of April 30, 2025: 

 

        Weighted Average   Weighted Average       Weighted Average     
Range of Exercise   Number   Remaining Contractual   Exercise Price for Shares   Number   Exercise Price for Shares   Intrinsic 
Prices   Outstanding   Life (Years)   Outstanding   Exercisable   Exercisable   Value 
$4.00    30,000    2.85   $4.00    30,000   $4.00   $86,400 
$6.43    5,433,640    3.47   $6.43    5,433,640   $6.43   $2,445,138 
$7.50    25,000    2.77   $7.50    25,000   $7.50   $
-
 
      5,488,640        $6.42    5,488,640   $6.42   $2,531,538 

The following table summarizes additional information relating to the warrants outstanding as of January 31, 2025:

 

Range of
Exercise		   Number   Remaining Contractual   Exercise Price for Shares   Number   Exercise Price
for Shares		   Intrinsic 
Prices   Outstanding   Life (Years)   Outstanding   Exercisable   Exercisable   Value 
$1.93    58,333    1.74   $1.93    58,333   $1.93   $370,988 
$4.00    30,000    3.10   $4.00    30,000   $4.00   $128,700 
$6.43    5,433,640    3.71   $6.43    5,433,640   $6.43   $10,106,570 
$7.50    25,000    2.77   $7.50    25,000   $7.50   $19,760 
      5,546,973        $6.37    5,546,973   $6.37   $10,626,018