Everything Blockchain (EBZT) 10-Q14 Sep 232024 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jul. 31, 2023	Aug. 31, 2023
Cover [Abstract]
Entity Registrant Name	Everything Blockchain, Inc.
Entity Central Index Key	0001730869
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		13,673,304
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56142
Entity Incorporation State Country Code	FL
Entity Tax Identification Number	82-1091922
Entity Interactive Data Current	Yes
Entity Address Address Line 1	12574 Flagler Center Blvd
Entity Address Address Line 2	Suite 101
Entity Address City Or Town	Jacksonville
Entity Address State Or Province	FL
Entity Address Postal Zip Code	32258
City Area Code	904
Local Phone Number	454-2111

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Current assets
Cash	$ 21	$ 824
Accounts receivable, net	69	89
Inventory	67	64
Current cryptocurrencies	782	4
Prepaid expenses	454	2,663
Other assets	219	127
Total current assets	1,612	3,771
Property, plant and equipment, net	652	660
Goodwill	16,504	16,504
Intangible assets, net	4,720	4,270
Other assets	222	463
Total assets	23,710	25,668
Current liabilities
Accounts payable and accrued expenses	1,973	1,151
Accounts payable related party	700	13
Current portion of long-term debt	544	474
Reserve for legal settlements	154	154
Deferred revenue	250	279
Total current liabilities	3,621	2,071
Long-term liabilities
Debt	34	47
Total long-term liabilities	34	47
Total liabilities	3,655	2,118
Stockholders' equity
Preferred stock, value	0	0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 9,949,966 shares issued and 9,923,304 shares outstanding as of July 31, 2023 and January 31, 2023	1	1
Treasury stock	(1,691)	(1,691)
Additional paid-in capital	87,190	85,975
Receivable from stockholder	0	(200)
Accumulated deficit	(65,445)	(60,535)
Total stockholders' equity	20,055	23,550
Total liabilities and stockholders' equity	23,710	25,668
Series B Preferred Stock
Stockholders' equity
Preferred stock, value	0	0
Series C Preferred Stock Member
Stockholders' equity
Preferred stock, value	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2023	Jan. 31, 2023
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	9,949,966	9,949,966
Common stock, shares outstanding	9,923,304	9,923,304
Series A Preferred Stock Member
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	200,000	200,000
Preferred stock, shares outstanding	200,000	200,000
Series B Preferred Stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued	650,000	650,000
Preferred stock, shares outstanding	400,000	400,000
Series C Preferred Stock Member
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	2,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Consolidated Statements of Operations (unaudited)
Revenue	$ 470	$ 383	$ 732	$ 638
Cost of sales	80	56	131	71
Gross profit	390	327	601	567
Selling, general, and administrative	1,438	979	2,668	2,072
Stock based compensation	650	678	1,366	1,481
Depreciation and amortization	59	50	118	100
Total operating expenses	2,147	1,707	4,152	3,653
Loss from operations	(1,757)	(1,380)	(3,551)	(3,086)
Other expense, net	(1,335)	(2,070)	(1,352)	(2,230)
Loss before income taxes	(3,092)	(3,450)	(4,903)	(5,316)
Income tax expense (benefit)	0	(782)	7	(1,194)
Net loss	$ (3,092)	$ (2,668)	$ (4,910)	$ (4,122)
Basic and diluted loss per share:
Basic loss per share	$ (0.31)	$ (0.28)	$ (0.49)	$ (0.46)
Diluted loss per share	$ (0.31)	$ (0.28)	$ (0.49)	$ (0.46)
Weighted average shares outstanding - basic	9,923,304	9,412,664	9,923,304	9,045,439
Weighted average shares outstanding - diluted	9,923,304	9,412,664	9,923,304	9,045,439

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity (unaudited) - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Receivable From Shareholder [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]
Balance, shares at Jan. 31, 2022		600	8,604
Balance, amount at Jan. 31, 2022	$ 27,445	$ 0	$ 1	$ 0	$ 80,134	$ (51,091)	$ (1,599)
Issuance of Series C Preferred Amount	1,000	$ 0	$ 0	0	1,000	0	0
Issuance of Series C Preferred Shares		250	0
Conversion of Series C Preferred- into common stock, shares		(250)	561
Conversion of Series C Preferred- into common stock, amount		$ 0
Warrant exercise, shares		0	535
Warrant exercise, amount	535	$ 0	$ 0	0	535	0	0
Stock based compensation	1,274	0	0	0	1,274	0	0
Net loss	(4,122)	0	0	0	0	(4,122)	0
Balance, amount at Jul. 31, 2022	26,132	$ 0	$ 1	0	82,943	(55,213)	(1,599)
Balance, shares at Jul. 31, 2022		600	9,700
Balance, shares at Jan. 31, 2023		1,600	9,923
Balance, amount at Jan. 31, 2023	23,550	$ 0	$ 1	(200)	85,975	(60,535)	(1,691)
Warrant exercise, amount	200	0	0	200	0	0	0
Stock based compensation	1,215	0	0	0	1,215	0	0
Net loss	(4,910)	0	0	0	0	(4,910)	0
Balance, amount at Jul. 31, 2023	$ 20,055	$ 0	$ 1	$ 0	$ 87,190	$ (65,445)	$ (1,691)
Balance, shares at Jul. 31, 2023		1,600	9,923

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities:
Net Loss	$ (4,910)	$ (4,122)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	1,366	1,481
Fair value adjustment to cryptocurrency	1,302	2,206
Deferred income tax benefit	0	(1,197)
Realized net gain on investment in cryptocurrency	(9)	(54)
Amortization and depreciation	118	100
Changes in operating assets and liabilities:
Accounts receivable, net	20	(51)
Inventory	(2)	(43)
Prepaid expenses	(183)	(54)
Other assets	150	(43)
Accounts payable to related party	686	(30)
Accounts payable and accrued expenses	887	25
Deferred revenue	(29)	144
Net cash used in operating activities	(604)	(1,638)
Cash flows from investing activities:
Proceeds from cryptocurrencies, net	170	0
Capital expenditures	(560)	(609)
Net cash used in investing activities	(390)	(609)
Cash flows from financing activities:
Payment of debt	(9)	(16)
Proceeds from issuance of Series C Preferred Stock	0	1,000
Proceeds from exercise of warrants	200	500
Net cash provided by financing activities	191	1,484
Net Change in Cash	(803)	(763)
Cash, beginning of period	824	1,062
Cash, end of period	21	299
Supplemental Disclosure of Cash Flows Information:
Cash paid for interest	54	27
Cash paid for income taxes	0	3
Non-cash Investing and Financing Activities:
Acquisition of cryptocurrency	2,242	0
Conversion of accounts payable to related party to common stock	$ 0	$ 35

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jul. 31, 2023
Organization and Basis of Presentation
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation The accompanying unaudited consolidated financial statements of Everything Blockchain, Inc. (“EBI”) and its consolidated subsidiaries (collectively, the “Company”, “we”, “our”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (the “SEC”). All significant intercompany accounts and transactions have been eliminated in consolidation. Description of Business The Company is primarily engaged in the business of consulting and developing data management, blockchain and cybersecurity related solutions. Subsidiaries of the Company The subsidiaries of the Company are Render Payment Corp., 832 Energy Technology Consultants, LLC, Mercury, Inc. (“Mercury”), Vengar Technologies LLC, Everything Blockchain Technology Corporation, and EBI International, Inc.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jul. 31, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of EBI and its wholly owned subsidiaries. Unaudited Interim Financial Information The Company’s unaudited consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted from this report, as is permitted by such rules and regulations. Accordingly, these consolidated financial statements should be read in conjunction with the audited financial statements as of and for the year ended January 31, 2023, and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2023, filed with the SEC on May 1, 2023 (the “2023 Annual Report”). The results for any interim period are not necessarily indicative of results for any future period. The unaudited consolidated financial statements have been prepared on the same basis as the audited financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all adjustments that are necessary to present fairly the Company’s financial position and results of operations for the interim periods presented. The results for the three and six months ended July 31, 2023, are not necessarily indicative of the results for the year ending January 31, 2024, or for any future period. As of July 31, 2023, there have been no material changes in the Company’s significant accounting policies from those that were disclosed in the 2023 Annual Report. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates and judgments relate to revenue recognition; sales returns and other allowances; allowance for doubtful accounts; valuation of inventory; valuation of long-lived assets and finite-lived intangible assets; recoverability of goodwill; acquisition method of accounting; contingencies; and income taxes. On a regular basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience, and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates. Revenue Recognition Policies Services revenue Subscription revenue Product revenue We recognize revenue when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We determine revenue recognition through the following steps: · identification of the contract, or contracts, with a customer; · identification of the performance obligations in the contract; · determination of the transaction price; · allocation of the transaction price to the performance obligations in the contract; and · recognition of revenue when, or as, we satisfy a performance obligation. Concentration of Credit Risk and Significant Customers Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of temporary cash investments and accounts receivable. Concentrations of credit risk with respect to trade receivables and commodities are limited due to the Company’s diverse group of customers. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables or the selling of its commodities warrant based upon factors such as the credit risk of specific customers, historical trends, other information, and past bad debt history. The outstanding balances are stated net of an allowance for doubtful accounts. Our cash balances are maintained in accounts held by major banks and financial institutions located in the United States. The Company may occasionally maintain amounts on deposit with a financial institution that are in excess of the federally insured limit of $250,000. The risk is managed by maintaining all deposits in high-quality financial institutions. The Company had $0 and $0.4 million in excess of federally insured limits on July 31, 2023 and January 31, 2023, respectively. Our cryptocurrency balances are maintained in accounts held by institutions located in and outside the United States. The Company maintains amounts on deposit that often exceed coverage from third party insured limit of up to $1,000,000. The risk is managed by maintaining multiple accounts with various accounts held in a cold storage wallet. The Company had $0.8 million in excess of amounts protected by insurance. Cash and Cash Equivalents The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months of the date of purchase. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. The Company had no cash equivalents as of July 31, 2023 and January 31, 2023. Basic and Diluted Net Earnings (Loss) Per Share The Company follows ASC Topic 260 – Earnings Per Share FASB 2015-06, Earnings Per Share Fair Value Measurements The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: - Level 1: Quoted prices in active markets for identical instruments; - Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); - Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments). The carrying values for cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued liabilities, and deferred revenue approximate their fair value due to their short maturities.

Going Concern

Going Concern	6 Months Ended
Going Concern	Jul. 31, 2023
Going Concern
Going Concern	Note 3. Going Concern The Company’s consolidated financial statements are prepared in accordance with GAAP, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Because the business is new and has a limited history, no certainty of continuation can be stated. The accompanying financial statements for the three and six months ended July 31, 2023 and 2022 have been prepared to assume that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has had historically negative cash flow and net losses. Though the year ended January 31, 2022 resulted in positive cash flow and net income, there are no assurances the Company will generate a profit or obtain positive cash flow in the future. The Company has sustained its solvency through the support of its shareholder and chairman, Michael Hawkins, or companies controlled by Michael Hawkins, which raise substantial doubt about its ability to continue as a going concern. Management is taking steps to raise additional funds to address its operating and financial cash requirements to continue operations in the next twelve months. Management has devoted a significant amount of time to the raising of capital from additional debt and equity financing. However, the Company’s ability to continue as a going concern is dependent upon raising additional funds through debt and equity financing and generating revenue. There are no assurances the Company will receive the funding or generate the revenue necessary to fund operations. The financial statements contain no adjustments for the outcome of this uncertainty.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jul. 31, 2023
Intangible Assets
Intangible Assets	Note 4. Intangible Assets Intangible assets consist of the following: As of July 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount (in thousands) IP/Technology $ 4,780 $ 60 $ 4,720 Non-compete agreements 82 82 - Total Intangibles $ 4,862 $ 142 $ 4,720 As of January 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount (in thousands) IP/Technology $ 4,251 $ - $ 4,251 Non-compete agreements 82 63 19 Total Intangibles $ 4,333 $ 63 $ 4,270 The Company’s IP/Technology is amortized over five years and the non-compete agreements are amortized over two years.

Cryptocurrency Assets

Cryptocurrency Assets	6 Months Ended
Cryptocurrency Assets	Jul. 31, 2023
Cryptocurrency Assets
Cryptocurrency Assets	Note 5. Cryptocurrency Assets The Company transacts business with cryptocurrency assets. The Company records cryptocurrency assets as an intangible asset with infinite life. We classify cryptocurrency assets that have a market value and substantial liquidity as current intangible assets. The following chart shows our cryptocurrency assets (in thousands): Current Assets As of Coin Symbol July 31, 2023 January 31, 2023 BTC $ 9 $ 4 PLS 484 - PLSX 289 - $ 782 $ 4 In May 2023, PulseChain (“Pulse”) and PulseX were launched. Pulse is a layer 1 blockchain that is a fork of Ethereum. PulseX is a fork of the Uniswap digital exchange platform (“DEX”) and is the native DEX of the Pulse ecosystem. During the year ended January 31, 2022, we invested $0.1 million in each of Pulse and PulseX. In May 2023, we received 2.3 billion Pulse tokens and 3.0 billion PulseX tokens. Also in May 2023, Overwatch Partners, Inc. (“Overwatch”), an entity controlled by Michael Hawkins, distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic Industry Corp (“Epic”), a wholly owned company of Michael Hawkins, 2.5 billion Pulse tokens. The receipt of Pulse and PulseX also earned Epic 50,000 shares of Series A Preferred Stock, which were issued to Epic during the quarter ended July 31, 2021 and recorded as a prepaid expense of $2.0 million. For the quarter ended July 31, 2023, the Company recorded in other income (expense), net fair market value expense adjustments of $1.3 million related to PulseX. During the three and six months ended July 31, 2022, the Company recorded in other income (expense), net fair market value expense adjustments of $2.1 million and $2.2 million, respectively.

Property Plant and Equipment

Property Plant and Equipment	6 Months Ended
Property Plant and Equipment	Jul. 31, 2023
Property Plant and Equipment
Property, Plant and Equipment	Note 6. Property, Plant and Equipment Property, plant and equipment consisted of the following (in thousands): As of July 31, 2023 January 31, 2023 Land $ 36 $ 36 Buildings and building improvements 339 339 Machinery and equipment 210 211 Furniture, fixtures and office equipment 77 75 Computer equipment and computer software 126 114 Vehicles 97 60 885 835 Less: Accumulated depreciation (233 ) (175 ) Total property, plant and equipment, net $ 652 $ 660

Debt

Debt	6 Months Ended
Debt	Jul. 31, 2023
Debt
Debt	Note 7. Debt As of July 31, 2023, Mercury's outstanding debt of $0.5 million had a weighted average interest rate of 6.3%. The debt consists primarily of term loans and a line of credit with various financial institutions, and such debt is collateralized by the assets of Mercury. The debt has maturity dates ranging from 2023 through 2026. We were recently notified by the bank that when we acquired Mercury it triggered defaults under both Mercury's line of credit and term loan due to the change in ownership. Both the line of credit and term loan are classified as current liabilities. We are working on refinancing both loans. On July 14, 2023, a board director of the Company loaned it $55,000, representing half of the Company’s employee retention credit refund, which the Company expects to receive this year. The note calls for the payment of the principal sum of $55,000 plus interest of $12,500 for a total of $67,500. The maturity date of the note is December 31, 2023.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 31, 2023
Commitments and Contingencies
Commitments and Contingencies	Note 8. Commitments and Contingencies The Company reports and accounts for its commitments and contingencies in accordance with ASC 440 – Commitments ASC 450 – Contingencies

Legal Proceedings

Legal Proceedings	6 Months Ended
Legal Proceedings	Jul. 31, 2023
Legal Proceedings	Note 9. Legal Proceedings The Company may be subject to legal proceedings and claims arising from contracts or other matters from time to time in the ordinary course of business. Management is not aware of any pending or threatened litigation where the ultimate disposition or resolution could have a material adverse effect on the Company’s financial position, results of operations or liquidity.

Related Parties and Related Par

Related Parties and Related Party Transactions	6 Months Ended
Related Parties and Related Party Transactions	Jul. 31, 2023
Related Parties and Related Party Transactions
Related Parties and Related Party Transactions	Note 10. Related Parties and Related Party Transactions Related party balance sheet items As of July 31, 2023 As of January 31, 2023 Prepaid expenses $ - $ 2,000 Accounts payable and accrued expenses 93 28 Loans payable 700 13 Related party income statement items For the Three Months Ended For the Six Months Ended July 31, July 31, 2023 2022 2023 2022 Consulting expenses $ 66 $ 30 $ 132 $ 60 Stock based compensation 650 575 1,300 1,150 Payroll expenses 120 144 239 339 During the quarter ended July 31, 2021, the Company issued 50,000 shares of Series A Preferred Stock to Epic. The issuance was done as a prepayment for services to generate sales for the Company. The shares are earned as sales generated by Epic achieve certain sales targets. In May 2023, Overwatch distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic 2.5 billion Pulse tokens. The receipt of Pulse and PulseX also earned Epic 50,000 shares of Series A Preferred Stock, which were issued to Epic during the quarter ended July 31, 2021 and recorded as a prepaid expense of $2.0 million. Our board decided that the value received from Pulse and PulseX, in lieu of sales, satisfied the requirements for the Series A Preferred Stock to be earned by Epic.

Stockholders Equity

Stockholders Equity	6 Months Ended
Stockholders Equity	Jul. 31, 2023
Stockholders Equity
Stockholders' Equity	Note 11. Stockholders’ Equity Common Stock As of July 31, 2023 and January 31, 2023, the Company had 200 million common shares authorized, with 9,949,966 common shares at a par value of $0.0001 issued. As of July 31, 2023 and January 31, 2023, the Company had 9,923,304 common shares outstanding. During the three and six months ended July 31, 2023, stock-based compensation expense related to stock grants was $75,000 and $150,000, respectively, from a grant to an employee. During the three months ended July 31, 2022, stock-based compensation expense related to stock grants was $89,000, which consisted of grants to employee of $75,000 and consultants of $14,000. During the six months ended July 31, 2022, stock-based compensation expense related to stock grants was $206,000, which consisted of grants to employee of $150,000 and consultants of $56,000. Preferred Stock Series A Preferred Stock As of July 31, 2023 and January 31, 2023, the Company had one million Series A Preferred shares, par value $0.0001, authorized, with 200,000 Series A Preferred shares issued and outstanding. The Series A Preferred stock converts into common stock at the option of the holder of the Series A Preferred, after twenty-four months of ownership. The conversion rate for every one share of Series A Preferred stock is 50 shares of common stock. Each share of Series A Preferred stock entitles the holder to 1,000 votes. Holders of Series A Preferred are entitled to share ratably in dividends, if any are declared. There are no redemption rights. In the event of dissolution, the holders of Series A Preferred are entitled to share pro rata all assets remaining after payment in full of all liabilities. During the quarter ended July 31, 2021, the Company issued 50,000 shares of Series A Preferred Stock to Epic. The issuance was done as a prepayment for services to generate sales for the Company. The shares are earned as sales generated by Epic achieve certain sales targets. In May 2023, Overwatch distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic 2.5 billion Pulse tokens. The receipt of Pulse and PulseX also earned Epic 50,000 shares of Series A Preferred Stock, which were issued to Epic during the quarter ended July 31, 2021 and recorded as a prepaid expense of $2.0 million. Our board decided that the value received from Pulse and PulseX, in lieu of sales, satisfied the requirements for the Series A Preferred Stock to be earned by Epic. The 200,000 shares of Series A Preferred Stock are eligible to be converted into common stock at the option of the holder of the Series A Preferred Stock. Series B Preferred Stock As of July 31, 2023 and January 31, 2023, the Company had 1.5 million Series B Preferred shares, par value $0.0001, authorized, with 650,000 Series B Preferred shares issued and 400,000 Series B Preferred shares outstanding. The Series B Preferred stock converts into common stock at the option of the holder of the Series B Preferred, after twenty-four months of ownership. The conversion rate for every one share of Series B Preferred stock is ten shares of common stock. Each share of Series B Preferred stock entitles the holder to 100 votes. Holders of Series B Preferred are entitled to share ratably in dividends if any are declared. There are no redemption rights. In the event of dissolution, the holders of Series B Preferred are entitled to share pro rata all assets remaining after payment in full of all liabilities. All shares of Series B Preferred Stock are eligible to be converted into common stock at the option of the holder of the Series B Preferred Stock. Series C Preferred Stock As of July 31, 2023 and January 31, 2023, the Company had 10 million and 2 million Series C Preferred shares, par value $0.0001, authorized, respectively, with one million Series C Preferred shares issued and outstanding. The Series C Preferred Stock shall rank senior to the Company’s common stock, Series A Preferred Stock, and Series B Preferred Stock. Each holder of Series C Preferred Stock is entitled to one (1) vote for each share of Series C Preferred Stock held on all matters submitted to a vote of stockholders. Each share of Series C Preferred Stock shall be convertible, at the discretion of the holders, after six months of ownership, into shares of common stock. The number of common shares issued shall be at the rate of 30% less than the volume-weighted average price or $5.00 per share whichever is less. The one million shares of Series C Preferred Stock are eligible to be converted into common stock at the option of the holder of the Series C Preferred Stock.

Warrants

Warrants	6 Months Ended
Warrants	Jul. 31, 2023
Warrants
Warrants	Note 12. Warrants A summary of warrant activity for six months ended July 31, 2023 is as follows: Weighted Average Conversion Shares Price Warrants outstanding at January 31, 2023 3,356,000 $ 3.60 Cancelled/Expired (1,200,000 ) 1.90 Warrants outstanding at July 31, 2023 2,156,000 $ 4.55 During the three months ended July 31, 2023, stock-based compensation expense related to warrant grants was $575,000, which consisted of grants to employees of $338,000 and directors of $237,000. During the six months ended July 31, 2023, stock-based compensation expense related to warrant grants was $1,215,000, which consisted of grants to employees of $675,000, directors of $474,000, and consultants of $66,000. During the three months ended July 31, 2022, stock-based compensation expense related to warrant grants was $589,000, which consisted of grants to employees of $317,000, directors of $209,000, and consultants of $63,000. During the six months ended July 31, 2022, stock-based compensation expense related to warrant grants was $1,274,000, which consisted of grants to employees of $724,000, directors of $418,000, and consultants of $132,000.

Treasury Stock

Treasury Stock	6 Months Ended
Treasury Stock	Jul. 31, 2023
Treasury Stock
Treasury Stock	Note 13. Treasury Stock Treasury stock consists of 250,000 shares of Series B Preferred stock and 26,662 shares of common stock. The shares are considered issued but not outstanding. Therefore, the shares are not used in the EPS calculations.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 31, 2023
Income Taxes
Income Taxes	Note 14. Income Taxes Our consolidated effective income tax rate for the three and six months ended July 31, 2023 was 0%. Our consolidated effective income tax rate for the three and six months ended July 31, 2022 was 23%.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	6 Months Ended
Net Income (Loss) Per Common Share	Jul. 31, 2023
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share	Note 15. Net Loss Per Common Share For the Three Months Ended For the Six Months Ended July 31, July 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net loss $ (3,092 ) $ (2,668 ) $ (4,910 ) $ (4,122 ) Denominator: Weighted average common shares outstanding 9,923 9,413 9,923 9,045 Effect of dilutive securities: Warrants - - - - Preferred stock - - - - Diluted shares outstanding 9,923 9,413 9,923 9,045 Basic: Net loss per common share $ (0.31 ) $ (0.28 ) $ (0.49 ) $ (0.46 ) Diluted: Net loss per common share $ (0.31 ) $ (0.28 ) $ (0.49 ) $ (0.46 )

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jul. 31, 2023
Subsequent Events
Subsequent Events	Note 16. Subsequent Events On August 2, 2023, Paul Rosenberg elected to convert 275,000 shares of Series B Preferred Stock into 2,750,000 shares of common stock. On August 2, 2023, Epic elected to convert 125,000 shares of Series B Preferred Stock into 1,250,000 shares of common stock. On August 2, 2023, the Company officially retired the following class of stock: Series B Preferred. On August 15, 2023, Epic, with the approval of the board, purchased Mercury’s building for $480,000. Mercury used $461,000 of the proceeds from the sale to payoff both Mercury's line of credit and term loan, which were in default. After paying off the notes and closing costs, Mercury was left with $11,000 for general corporate purposes. On September 3, 2023, the Company changed the name of 832 Energy Technology Consultants, LLC to DataStone, Inc., by incorporating as a Florida corporation. On September 3, 2023, the Company also changed the name of Vengar Technologies LLC to Vengar Technologies, Inc., by incorporating as a Florida corporation. On September 7, 2023, Epic formalized the loans to the Company in a note. As of July 31, 2023, the outstanding balance was $0.7 million. Subsequent to July 31, 2023, Epic has provided funding and plans to provide additional funding to equal a total note principal of $1.0 million. Monthly interest only payments at an annual rate of 4% will be made through the maturity date of February 1, 2025.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 31, 2023
Summary of Significant Accounting Policies
Principles of Consolidation	The consolidated financial statements include the accounts of EBI and its wholly owned subsidiaries.
Unaudited Interim Financial Information	The Company’s unaudited consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted from this report, as is permitted by such rules and regulations. Accordingly, these consolidated financial statements should be read in conjunction with the audited financial statements as of and for the year ended January 31, 2023, and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2023, filed with the SEC on May 1, 2023 (the “2023 Annual Report”). The results for any interim period are not necessarily indicative of results for any future period. The unaudited consolidated financial statements have been prepared on the same basis as the audited financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all adjustments that are necessary to present fairly the Company’s financial position and results of operations for the interim periods presented. The results for the three and six months ended July 31, 2023, are not necessarily indicative of the results for the year ending January 31, 2024, or for any future period. As of July 31, 2023, there have been no material changes in the Company’s significant accounting policies from those that were disclosed in the 2023 Annual Report.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The most significant estimates and judgments relate to revenue recognition; sales returns and other allowances; allowance for doubtful accounts; valuation of inventory; valuation of long-lived assets and finite-lived intangible assets; recoverability of goodwill; acquisition method of accounting; contingencies; and income taxes. On a regular basis, management reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience, and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.
Revenue Recognition Policies	Services revenue Subscription revenue Product revenue We recognize revenue when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We determine revenue recognition through the following steps: · identification of the contract, or contracts, with a customer; · identification of the performance obligations in the contract; · determination of the transaction price; · allocation of the transaction price to the performance obligations in the contract; and · recognition of revenue when, or as, we satisfy a performance obligation.
Concentration of Credit Risk and Significant Customers	Financial instruments which potentially subject the Company to a concentration of credit risk consist principally of temporary cash investments and accounts receivable. Concentrations of credit risk with respect to trade receivables and commodities are limited due to the Company’s diverse group of customers. The Company establishes an allowance for doubtful accounts when events and circumstances regarding the collectability of its receivables or the selling of its commodities warrant based upon factors such as the credit risk of specific customers, historical trends, other information, and past bad debt history. The outstanding balances are stated net of an allowance for doubtful accounts. Our cash balances are maintained in accounts held by major banks and financial institutions located in the United States. The Company may occasionally maintain amounts on deposit with a financial institution that are in excess of the federally insured limit of $250,000. The risk is managed by maintaining all deposits in high-quality financial institutions. The Company had $0 and $0.4 million in excess of federally insured limits on July 31, 2023 and January 31, 2023, respectively. Our cryptocurrency balances are maintained in accounts held by institutions located in and outside the United States. The Company maintains amounts on deposit that often exceed coverage from third party insured limit of up to $1,000,000. The risk is managed by maintaining multiple accounts with various accounts held in a cold storage wallet. The Company had $0.8 million in excess of amounts protected by insurance.
Cash and Cash Equivalents	The Company includes in cash and cash equivalents all short-term, highly liquid investments that mature within three months of the date of purchase. Cash equivalents consist principally of investments in interest-bearing demand deposit accounts and liquidity funds with financial institutions and are stated at cost, which approximates fair value. The Company had no cash equivalents as of July 31, 2023 and January 31, 2023.
Basic and Diluted Net Earnings (Loss) Per Share	The Company follows ASC Topic 260 – Earnings Per Share FASB 2015-06, Earnings Per Share
Fair Value Measurements	The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: - Level 1: Quoted prices in active markets for identical instruments; - Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments); - Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments). The carrying values for cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued liabilities, and deferred revenue approximate their fair value due to their short maturities.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
Intangible Assets (Tables)	Jul. 31, 2023
Intangible Assets
Schedule of Intangible Assets	As of July 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount (in thousands) IP/Technology $ 4,780 $ 60 $ 4,720 Non-compete agreements 82 82 - Total Intangibles $ 4,862 $ 142 $ 4,720 As of January 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount (in thousands) IP/Technology $ 4,251 $ - $ 4,251 Non-compete agreements 82 63 19 Total Intangibles $ 4,333 $ 63 $ 4,270

Cryptocurrency Assets (Tables)

Cryptocurrency Assets (Tables)	6 Months Ended
Cryptocurrency Assets (Tables)	Jul. 31, 2023
Cryptocurrency Assets
Schedule of cryptocurrency assets	Current Assets As of Coin Symbol July 31, 2023 January 31, 2023 BTC $ 9 $ 4 PLS 484 - PLSX 289 - $ 782 $ 4

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	6 Months Ended
Property Plant and Equipment (Tables)	Jul. 31, 2023
Property Plant and Equipment
Schedule Of Property, Plant And Equipment	As of July 31, 2023 January 31, 2023 Land $ 36 $ 36 Buildings and building improvements 339 339 Machinery and equipment 210 211 Furniture, fixtures and office equipment 77 75 Computer equipment and computer software 126 114 Vehicles 97 60 885 835 Less: Accumulated depreciation (233 ) (175 ) Total property, plant and equipment, net $ 652 $ 660

Related Parties and Related P_2

Related Parties and Related Party Transactions (Tables)	6 Months Ended
Related Parties and Related Party Transactions (Tables)	Jul. 31, 2023
Related Parties and Related Party Transactions
Schedule Of Related Party Balance Sheet And Income Statement Items	Related party balance sheet items As of July 31, 2023 As of January 31, 2023 Prepaid expenses $ - $ 2,000 Accounts payable and accrued expenses 93 28 Loans payable 700 13 Related party income statement items For the Three Months Ended For the Six Months Ended July 31, July 31, 2023 2022 2023 2022 Consulting expenses $ 66 $ 30 $ 132 $ 60 Stock based compensation 650 575 1,300 1,150 Payroll expenses 120 144 239 339

Warrants (Tables)

Warrants (Tables)	6 Months Ended
Warrants (Tables)	Jul. 31, 2023
Warrants
Schedule of warrant activity	Weighted Average Conversion Shares Price Warrants outstanding at January 31, 2023 3,356,000 $ 3.60 Cancelled/Expired (1,200,000 ) 1.90 Warrants outstanding at July 31, 2023 2,156,000 $ 4.55

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
Net Income (Loss) Per Common Share (Tables)	Jul. 31, 2023
Net Income (Loss) Per Common Share
Schedule of Net Income (Loss) Per Common Share	For the Three Months Ended For the Six Months Ended July 31, July 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net loss $ (3,092 ) $ (2,668 ) $ (4,910 ) $ (4,122 ) Denominator: Weighted average common shares outstanding 9,923 9,413 9,923 9,045 Effect of dilutive securities: Warrants - - - - Preferred stock - - - - Diluted shares outstanding 9,923 9,413 9,923 9,045 Basic: Net loss per common share $ (0.31 ) $ (0.28 ) $ (0.49 ) $ (0.46 ) Diluted: Net loss per common share $ (0.31 ) $ (0.28 ) $ (0.49 ) $ (0.46 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jul. 31, 2023	Jan. 31, 2023
Summary of Significant Accounting Policies
Deposits	$ 1,000,000
Excess Of Amounts Protected By Insurance	800,000
Federally Insured Limit	250,000
federally Limit, Excess	$ 0	$ 400,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Gross Amount	$ 4,862	$ 4,333
Accumulated Amortization	142	63
Net Carrying Amount	4,720	4,270
Non-compete Agreements [Member]
Gross Amount	82	82
Accumulated Amortization	82	63
Net Carrying Amount	0	19
IP Technologies Member
Gross Amount	4,780	4,251
Accumulated Amortization	60	0
Net Carrying Amount	$ 4,720	$ 4,251

Intangible Assets (Details Narr

Intangible Assets (Details Narrative)	6 Months Ended
Intangible Assets (Details Narrative)	Jul. 31, 2023
IP Technologies Member
Finite-Lived Intangible Assets, Amortization Method	Technology is amortized over five years
Non-compete Agreements [Member]
Finite-Lived Intangible Assets, Amortization Method	the non-compete agreements are amortized over two years

Cryptocurrency Assets (Details)

Cryptocurrency Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Current Assets Fmv	$ 782	$ 4
BTC [Member]
Current Assets Fmv	9	4
PLS [Member]
Current Assets Fmv	484	0
PLSX [Member]
Current Assets Fmv	$ 289	$ 0

Cryptocurrency Assets (Details

Cryptocurrency Assets (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended
Cryptocurrency Assets (Details Narrative) - USD ($)	May 31, 2023	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2022	Jan. 31, 2022	Jan. 31, 2023	Jul. 31, 2021
Description of distribution of tokens	Overwatch Partners, Inc. (“Overwatch”), an entity controlled by Michael Hawkins, distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic Industry Corp (“Epic”), a wholly owned company of Michael Hawkins, 2.5 billion Pulse tokens
Other Income Fair Market Value Adjustments			$ 2,100,000	$ 2,200,000
Prepaid expense		$ 454,000				$ 2,663,000
Epic [Member]
Description of distribution of tokens	Overwatch distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic 2.5 billion Pulse tokens. The receipt of Pulse and PulseX also earned Epic 50,000 shares of Series A Preferred Stock
Prepaid expense							$ 2,000,000
Epic [Member] \| Series A Preferred Stock Member
Preferred Stock Series A, Shares Issued							50,000
PLS [Member]
Tokens received	2.3 billion
Invested amount					$ 100,000
PLSX [Member]
Tokens received	3.0 billion
Impairment		$ 1,300,000
Invested amount					$ 100,000

Property Plant and Equipment (D

Property Plant and Equipment (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Property, Plant And Equipment, Gross	$ 885	$ 835
Less: Accumulated Depreciation	(233)	(175)
Total Property, Plant And Equipment, Net	652	660
Building and Building Improvements [Member]
Property, Plant And Equipment, Gross	339	339
Machinery and Equipment [Member]
Property, Plant And Equipment, Gross	210	211
Furniture, fixtures, and office equipment [Member]
Property, Plant And Equipment, Gross	77	75
Computer Equipment and Computer Software [Member]
Property, Plant And Equipment, Gross	126	114
Vehicles [Member]
Property, Plant And Equipment, Gross	97	60
Land [Member]
Property, Plant And Equipment, Gross	$ 36	$ 36

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)		6 Months Ended
Debt (Details Narrative) - USD ($)	Jul. 14, 2023	Jul. 31, 2023
Debt
Outstanding Debt		$ 500,000
Loan amount	$ 55,000
Notes payable	67,500
Notes principal amount	55,000
Interest on debt amount	$ 12,500
Weighted Average Interest Rate		6.30%
Debt Maturity Range		from 2023 through 2026
Note Maturity Date	December 31, 2023

Related Parties and Related P_3

Related Parties and Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Prepaid Expenses	$ 454		$ 454		$ 2,663
Accounts Payable And Accrued Expenses	1,973		1,973		1,151
Stock Based Compensation			1,215	$ 1,274
FMV [Member]
Prepaid Expenses	0		0		2,000
Accounts Payable And Accrued Expenses	93		93		28
Loans Payable	700		700		$ 13
Consulting Expenses	66	$ 30	132	60
Payroll expenses	120	144	239	339
Stock Based Compensation	$ 650	$ 575	$ 1,300	$ 1,150

Related Parties and Related P_4

Related Parties and Related Party Transactions (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	May 31, 2023	Jul. 31, 2021	Jul. 31, 2023	Jan. 31, 2023
Prepaid Expenses			$ 454	$ 2,663
Description of distribution of tokens	Overwatch Partners, Inc. (“Overwatch”), an entity controlled by Michael Hawkins, distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic Industry Corp (“Epic”), a wholly owned company of Michael Hawkins, 2.5 billion Pulse tokens
Epic [Member]
Preferred Stock Series A, Shares Issued		50,000
Prepaid Expenses		$ 2,000
Description of distribution of tokens	Overwatch distributed to us Pulse and PulseX tokens of 12.3 billion each. As a result of this transaction, the Company distributed to Epic 2.5 billion Pulse tokens. The receipt of Pulse and PulseX also earned Epic 50,000 shares of Series A Preferred Stock
Epic [Member] \| Series A Preferred Stock Member
Preferred Stock Series A, Shares Issued		50,000

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
Stockholders Equity (Details Narrative) - USD ($)	May 31, 2023	Mar. 17, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023	Jul. 31, 2021
Common Stock, Par Value			$ 0.0001		$ 0.0001		$ 0.0001
Common Stock, Shares Issued			9,949,966		9,949,966		9,949,966
Common Stock, Shares Outstanding			9,923,304		9,923,304		9,923,304
Stock based compensation expense related to stock grants			$ 650,000	$ 678,000	$ 1,366,000	$ 1,481,000
Equity Option [Member]
Stock based compensation expense related to stock grants				89,000		206,000
Employee [Member]
Stock based compensation expense related to stock grants			$ 75,000	75,000	$ 150,000	150,000
Consultant [Member]
Stock based compensation expense related to stock grants				$ 14,000		$ 56,000
Series B Preferred Stock
Preferred Stock, Shares Authorized			1,500,000		1,500,000		1,500,000
Preferred stock series A, shares issued			650,000		650,000		650,000
Preferred Stock, Description					The conversion rate for every one share of Series B Preferred stock is ten shares of common stock. Each share of Series B Preferred stock entitles the holder to 100 votes
Preferred Stock, Par Value			$ 0.0001		$ 0.0001		$ 0.0001
Series B Preferred Stock, Shares Authorized			1,500,000		1,500,000		1,500,000
Preferred Stock, Shares Outstanding			400,000		400,000		400,000
Series C Preferred Stock Member
Series C Preferred Stock, Shares Authorized			10,000,000		10,000,000		2,000,000
Preferred Stock, Shares Authorized			10,000,000		10,000,000		2,000,000
Preferred stock series A, shares issued			1,000,000		1,000,000		1,000,000
Preferred Stock, Description		one (1) vote for each share of Series C Preferred Stock held on all matters submitted to a vote of stockholders. Each share of Series C Preferred Stock shall be convertible, at the discretion of the holders, after six months of ownership, into shares of common stock. The number of common shares issued shall be at the rate of 30% less than the volume-weighted average price or $5.00 per share whichever is less
Preferred Stock, Par Value			$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock to be converted into common stock			1,000,000		1,000,000
Preferred Stock, Shares Outstanding			1,000,000		1,000,000		1,000,000
Series A Preferred Stock Member
Preferred Stock, Shares Authorized			1,000,000		1,000,000		1,000,000
Preferred stock series A, shares issued			200,000		200,000		200,000
Preferred Stocks, Description					The conversion rate for every one share of Series A Preferred stock is 50 shares of common stock. Each share of Series A Preferred stock entitles the holder to 1,000 votes
Preferred Stock, Par Value			$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Outstanding			200,000		200,000		200,000
Series A Preferred Stock Member \| Epic [Member]
Preferred stock series A, shares issued	50,000							50,000
Prepaid expense	$ 2,000,000
Convertible preferred stock shares					200,000

Warrants (Details)

Warrants (Details)	6 Months Ended
Warrants (Details)	Jul. 31, 2023 $ / shares shares
Warrants
Warrants Outstanding Shares, Beginning \| shares	3,356,000
Warrants Outstanding Shares Cancelled/Expired \| shares	(1,200,000)
Warrants Outstanding Shares, Ending \| shares	2,156,000
Warrants Outstanding Weighted Average Conversion Price, Beginning \| $ / shares	$ 3.60
Warrants Outstanding Weighted Average Conversion Price, Cancelled/Expired \| $ / shares	1.90
Warrants Outstanding Weighted Average Conversion Price, Ending \| $ / shares	$ 4.55

Warrants (Details Narrative)

Warrants (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
Warrants (Details Narrative) - USD ($)	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Stock Based Compensation			$ 1,215,000	$ 1,274,000
Employee Stock Warrant Grant Member
Stock Based Compensation	$ 338,000	$ 317,000	675,000	724,000
Director Member
Stock Based Compensation	237,000	209,000	474,000	418,000
Consulatant Member
Stock Based Compensation		63,000	66,000	132,000
Warrants Member
Stock Based Compensation	$ 575,000	$ 589,000	$ 1,215,000	$ 1,274,000

Treasury Stock (Details Narrati

Treasury Stock (Details Narrative)	Jul. 31, 2023 shares
Treasury Stock
Treasury stock Series B Preferred stock shares	250,000
Treasury Stock common shares	26,662

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	3 Months Ended		6 Months Ended
Income Taxes (Details Narrative)	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Income Taxes
Effective income tax rate	0%	23%	0%	23%

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Net Income (Loss) Per Common Share
Net Loss	$ (3,092)	$ (2,668)	$ (4,910)	$ (4,122)
Weighted Average Common Shares Outstanding	9,923	9,413	9,923	9,045
Diluted shares outstanding	9,923	9,413	9,923	9,045
Basic: Net loss per common share	$ (0.31)	$ (0.28)	$ (0.49)	$ (0.46)
Diluted: Net loss per common share	$ (0.31)	$ (0.28)	$ (0.49)	$ (0.46)

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Subsequent Events [Member] - USD ($)	Sep. 07, 2023	Aug. 15, 2023	Aug. 02, 2023
Paul Rosenberg Member [Member]
Convertible Preferred Stock			275,000
Stock Issued Upon Conversion			2,750,000
Epic [Member]
Principal amount	$ 1,000,000
Convertible Preferred Stock			125,000
Stock Issued Upon Conversion			1,250,000
Purchase of assets		$ 480,000
Mercury's line of credit and term loan payment		461,000
Closing balance for general corporate purposes		$ 11,000
Outstanding balance	$ 700,000
Maturity date	Feb. 01, 2025
Annual intrest rate	4%