Annual report pursuant to Section 13 and 15(d)

Warrants

v3.20.1
Warrants
12 Months Ended
Jan. 31, 2020
Notes to Financial Statements  
Warrants

On November 1, 2017 the Company issued 7 warrants to officers, directors, and investors for the purchase of up to 3,000,000 shares of common stock at $1.00 per share.   The warrants expire on November 1, 2022 at 5:00 PM Eastern Standard Time.  The warrants were registered with the SEC on December 10, 2018.    

 

A summary of warrant activity for six months ended January 31, 2020 is as follows:

 

        Weighted  
        Average  
        Conversion  
    Shares   Price  
           
Warrants outstanding at January 31, 2018     3,000,000   $ 1.00  
Exercised in fiscal year 2019     -     -  
Granted in fiscal year 2019     -     -  
Warrants outstanding at January 31, 2019     3,000,000   $ 1.00  
Exercised in fiscal year 2019     -     -  
Granted in fiscal year 2020     -     -  
Warrants outstanding at January 31, 2020     3,000,000   $ 1.00