Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2023
Schedule of fair value of the convertible feature using a Black-Scholes option-pricing model The Company determined the fair value of the convertible feature using a Black-Scholes option-pricing model, and the value derived was determined to not be material.
Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

 

January 31, 2023

 

 

January 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

6

 

 

$

—

 

 

$

—

 

 

$

6

 

 

$

102

 

 

$

—

 

 

$

—

 

 

$

102

 

Commitment Fee

 

$

—

 

 

$

—

 

 

$

195

 

 

$

195

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Total financial assets

 

$

6

 

 

$

—

 

 

$

195

 

 

$

201

 

 

$

102

 

 

$

—

 

 

$

—

 

 

$

102

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

$

—

 

 

$

—

 

 

$

—

 

 

$

0

 

 

$

—

 

 

$

7

 

 

$

—

 

 

$

7

 

Conversion options

 

$

—

 

 

$

—

 

 

$

734

 

 

$

734

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 
Level 3 [Member]  
Schedule of assets and liabilities measured at fair value on a recurring basis

The following table presents a summary of the changes in the fair value of the Company's Level 3 financial instruments:

 

 

 

Convertible Notes Derivative Liability

 

 

C5 Notes Derivative Liability

 

 

Commitment Fee Derivative Asset

 

Fair Value as of January 31, 2022

 

$

-

 

 

$

-

 

 

$

-

 

Commitment fee derivative asset established at time of Purchase Agreement

 

 

-

 

 

 

-

 

 

 

1,750

 

Conversion feature liability established at issuance of Convertible Notes

 

 

774

 

 

 

-

 

 

 

-

 

Conversion feature liability established at issuance of C5 Notes

 

 

-

 

 

 

63

 

 

 

-

 

Change in fair value

 

 

(103

)

 

 

-

 

 

 

(1,555

)

Fair value as of January 31, 2023

 

$

671

 

 

$

63

 

 

$

195