COMMITMENTS AND CONTINGENCIES |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| COMMITMENTS AND CONTINGENCIES | |
| COMMITMENTS AND CONTINGENCIES | Note 6 – COMMITMENTS AND CONTINGENCIES
Legal Proceedings
The Company is from time to time involved in routine litigation incidental to the conduct of its business. Management believes that no pending litigation matters to which it is a party is likely to have a material adverse effect on the Company’s financial condition or results of operations. There are no material pending legal proceedings to which the Company is a party or of which any of its property is the subject, and no such proceeding is known by the Company to be contemplated by a governmental authority.
As previously disclosed in our Company’s Form 10-K for the fiscal year ended January 31, 2023, and in its Report on Form 8-K filed August 11, 2025, certain of its former officers are involved in civil and criminal proceedings in Taiwan relating to alleged unauthorized use of proprietary know-how and intellectual property. The Company is not a named party to these proceedings.
As of July 31, 2026, and through the date of issuance of these financial statements, management is not aware of any developments that would cause the Company to conclude that these matters will have a material adverse effect on its financial condition or results of operations. |