Income Tax Provision (Tables)

12 Months Ended

Jan. 31, 2026

Schedule of Components of Income Tax Provision / (Benefit)


	January 31, 2026		January 31, 2025		January 31, 2024
Federal
Current	$	277	$	764	$	1,451
Deferred	996		192		251
State and Local
Current	217		(14)		342
Deferred	75		53		(36)
Income tax provision	$	1,565	$	995	$	2,008

Schedule of Reconciliation of the U.S. Federal Statutory Income Tax Rate

A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate pursuant to the disclosure requirements of ASU 2023-09 for the fiscal year ended January 31, 2026, is as follows (in thousands):


	January 31, 2026
Pre-tax book income	$	6,851
U.S. federal statutory rate	1,439		21.0	%
State income tax, net of federal benefit	130		1.9	%
Non-taxable or non-deductible items	215		3.1	%
Effect of enacted tax laws and rate changes	22		0.3	%
Return to provision and tax account true-up	38		0.6	%
Stock-based compensation	(307)		(4.5	%)
Taxes not based on income and other, net	28		0.4	%
Income tax provision	$	1,565	22.8	%

As previously disclosed for the fiscal years 2025 and 2024, prior to the adoption of ASU 2023-09, a reconciliation of the federal statutory tax rate to the effective income tax rate is as follows:


	Year Ended January 31, 2025		Year Ended January 31, 2024
U.S. federal statutory rate	21.0	%	21.0	%
State income tax, net of federal benefit	2.1	%	3.3	%
Adjustments to deferred tax assets	(1.1)	%	0.4	%
Non-deductible expenses - restricted stock units - vested	(4.9)	%	(1.2)	%
Non-deductible expenses - section 162(m) adjustment	3.5	%	—	%
Non-deductible expenses - others	0.2	%	—	%
Income tax provision	20.8	%	23.5	%

Schedule of Income Taxes, Net of Refunds

Cash paid for income taxes, net of refunds, received by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended January 31, 2026 is as follows (in thousands):


Federal	$	1,035
State	190
Cash paid for income taxes, net of refunds received	$	1,225

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities as of January 31, 2026 and 2025 were as follows (in thousands):


Deferred Tax Assets	January 31, 2026		January 31, 2025
Net operating loss carryforwards	$	39	$	16
Stock-based compensation	468		149
Acquisition costs	181		86
Capitalized start-up and organization costs	1		8
Intangible assets	211		80
Right-of-use lease liability	1,819		802
Inventory	74		53
Bad debt	45		22
Capitalized R&D costs	—		178
Accrued payroll	632		239
Total deferred tax assets	3,470		1,633

Deferred Tax Liabilities
Fixed assets	2,468		590
Right-of-use lease asset	1,815		785
Total deferred tax liabilities	4,283		1,375
Net deferred tax asset	$	(813)	$	258