v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Schedule of Accounts Receivable The changes to the reserve for uncollectible accounts are as follows (in thousands):
Fiscal yearOpening BalanceCharged to ExpenseDeductions (a)Closing Balance
2026$93 $110 $(10)$193 
2025$93 $— $— $93 
2024$233 $— $(140)$93 
(a) - Write-offs of uncollectible accounts receivable
Schedule of Inventories
Inventories by major category are as follows (in thousands):
January 31, 2026January 31, 2025
Raw materials and packaging$3,323 $1,654 
Work in process1,217 723 
Finished goods5,107 2,440 
Total inventories, net$9,647 $4,817 
Schedule of Asset Lives
Asset lives for financial statement reporting of depreciation are:
Machinery and equipment
2-15 years
Furniture and fixtures
3 - 10 years
Leasehold improvements*
(*)Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.
Schedule of Other Intangible Assets
Other intangibles consist of trade names, trademarks, and customer relationships. Intangible asset lives for financial statement reporting of amortization are:
Trade names and trademarks3 years
Customer relationships
4 - 5 years
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company's financial assets that were accounted for at fair value on a recurring basis as of January 31, 2026 and January 31, 2025 were as follows (in thousands):
January 31, 2026January 31, 2025
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash equivalents$19,528 $— $— $19,528 $6,842 $— $— $6,842 
Total$19,528 $— $— $19,528 $6,842 $— $— $6,842 
Schedule of Expenses of Slotting Fees, Sales Discounts, and Allowances
Reductions in the transaction price attributable to items such as slotting fees, sales discounts, and allowances are accounted for as a direct reduction of revenues as follows (in thousands):
For the Fiscal Years Ended
January 31, 2026January 31, 2025January 31, 2024
Gross Sales$180,776 $125,727 $106,104 
Less: Trade Incentives and Promotions9,062 2,399 2,820 
Net Sales$171,714 $123,328 $103,284 
Schedule of Disaggregates Gross Revenue by Significant Geographic Area The following table disaggregates gross revenue by significant geographic area for the fiscal years ended January 31, 2026, 2025 and 2024 (in thousands):
For the Fiscal Years Ended
January 31, 2026January 31, 2025January 31, 2024
Northeast$59,868 $35,638 $37,189 
Southeast41,031 33,783 30,183 
Midwest38,835 26,895 18,609 
West41,042 29,411 20,123 
Total gross revenue$180,776 $125,727 $106,104 
Schedule of Variables for Computing Fair Value of Stock Options Issued
For the fiscal years ended January 31, 2026, 2025, and 2024, when computing fair value of stock options issued, the Company has considered the following variables:
January 31, 2026January 31, 2025January 31, 2024
Risk-free interest rateN/A3.47%N/A
Expected life of grantsN/A6 yearsN/A
Expected volatility of underlying stockN/A75.5%N/A
DividendsN/A0N/A
Schedule of Reconciliation of Basic and Diluted Earnings Per Share to Net Income
The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income attributable to common stockholders per common share (in thousands, except per share amounts).
For the Fiscal Years Ended
January 31, 2026January 31, 2025January 31, 2024
Numerator:
Net income attributable to common stockholders - basic$5,286 $3,711 $6,512 
Effect of dilutive securities:— — 49 
Net income attributable to common stockholders - diluted$5,286 $3,711 $6,561 
Denominator:
Weighted average common shares outstanding - basic38,90237,42836,814
Dilutive securities (a):
Series B Preferred Stock———
Stock Options345164
Performance Stock Units2,1331,6901,195
Restricted Stock Units311250308
Weighted average common shares outstanding and assumed conversion – diluted41,38039,41938,381
Basic net income per common share$0.14 $0.10 $0.18 
Diluted net income per common share$0.13 $0.09 $0.17 
(a) - Anti-dilutive securities excluded:
Stock Options———
Performance Stock Awards———