Document and Entity Information
Document and Entity Information | 3 Months Ended |
Apr. 30, 2021 | |
Cover [Abstract] | |
Entity Registrant Name | LIBERTY STAR URANIUM & METALS CORP. |
Entity Central Index Key | 0001172178 |
Document Type | S-1 |
Amendment Flag | false |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business Flag | true |
Entity Emerging Growth Company | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Current: | |||
Cash and cash equivalents | $ 126,882 | $ 6,718 | $ 25,024 |
Prepaid expenses | 6,178 | 4,815 | 8,311 |
Total current assets | 133,060 | 11,533 | 33,335 |
Property and equipment, net | 32,097 | 33,556 | 39,892 |
Total assets | 165,157 | 45,089 | 73,227 |
Current: | |||
Accounts payable and accrued liabilities | 470,355 | 467,957 | 458,350 |
Accounts payable to related parties | 51,119 | 51,119 | 51,119 |
Accrued wages to related parties | 811,711 | 811,711 | 811,711 |
Advances from related party | 314,742 | 301,077 | 101,631 |
Notes payable to related parties | 298,064 | 283,271 | 166,560 |
Convertible promissory note, net of debt discount of $51,425, $7,642 and $15,364 | 84,176 | 87,969 | 152,504 |
Derivative liability | 290,293 | ||
Total current liabilities | 2,320,460 | 2,003,104 | 1,741,875 |
Long-term: | |||
Long-term accounts payable, net of current portion | 13,800 | 20,300 | 37,400 |
Long-term debt - SBA | 66,020 | 33,162 | |
Total long-term liabilities | 79,820 | 53,462 | 37,400 |
Total liabilities | 2,400,280 | 2,056,566 | 1,779,275 |
Commitments and Contingencies (Note 13) | |||
Stockholders' deficit | |||
Common stock value | 101 | 99 | 91 |
Common stock to be issued | 15,000 | ||
Additional paid-in capital | 55,376,540 | 55,503,564 | 55,074,257 |
Accumulated deficit | (57,611,765) | (57,530,141) | (56,780,396) |
Total stockholders' deficit | (2,235,123) | (2,011,477) | (1,706,048) |
Total liabilities and stockholders' deficit | 165,157 | 45,089 | 73,227 |
Class A Common Stock [Member] | |||
Stockholders' deficit | |||
Common stock value | $ 1 | $ 1 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Convertible promissory note, debt discount | $ 51,425 | $ 7,642 | $ 15,364 |
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 |
Common stock, shares authorized | 12,300,000 | 12,300,000 | 12,500,000 |
Common stock, shares issued | 10,052,163 | 9,902,052 | 9,116,725 |
Common stock, shares outstanding | 10,052,163 | 9,902,052 | 9,116,725 |
Class A Common Stock [Member] | |||
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 |
Common stock, shares authorized | 200,000 | 0 | 0 |
Common stock, shares issued | 102,000 | 0 | 0 |
Common stock, shares outstanding | 102,000 | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | |
Income Statement [Abstract] | ||||
Revenues | ||||
Expenses: | ||||
Geological and geophysical costs | 1,759 | 2,958 | 118,955 | 70,332 |
Salaries and benefits | 36,559 | 37,750 | 144,513 | 219,188 |
Depreciation | 1,458 | 1,674 | 6,336 | 2,684 |
Legal | 19,947 | 50,536 | 167,800 | 37,706 |
Professional services | 20,337 | 19,956 | 75,419 | 79,069 |
General and administrative | 13,392 | 19,961 | 72,930 | 56,158 |
Travel | 640 | 439 | 8,939 | 2,659 |
Net operating expenses | 94,092 | 133,274 | 594,892 | 467,796 |
Loss from operations | (94,092) | (133,274) | (594,892) | (467,796) |
Other income (expense): | ||||
Interest expense | (38,184) | (105,503) | (185,636) | (155,216) |
Gain on forgiveness of SBA loan | 30,578 | |||
Gain on settlement of accounts payable | 177,000 | |||
Gain on change in fair value of derivative liability | 50,652 | 55,036 | 205 | 108,543 |
Total other income (expense) | 12,468 | (50,467) | (154,853) | 130,327 |
Net loss | $ (81,624) | $ (183,741) | $ (749,745) | $ (337,469) |
Net loss per share of common stock - basic and diluted | $ (0.01) | $ (0.02) | $ (0.08) | $ (0.04) |
Weighted average number of shares of common stock outstanding - basic and diluted | 10,041,420 | 9,256,178 | 9,746,433 | 8,721,447 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Deficit - USD ($) | Class A Common Stock [Member] | Common Stock [Member] | Stock Subscription Receivable [Member] | Common Stock to be Issued [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning Balance at Jan. 31, 2019 | $ 82 | $ 54,749,079 | $ (56,442,927) | $ (1,693,766) | |||
Beginning Balance, shares at Jan. 31, 2019 | 8,194,915 | ||||||
Issuance of common stock and warrants in private placement and warrant exercises | $ 1 | 70,698 | 70,699 | ||||
Issuance of common stock and warrants in private placement and warrant exercises, shares | 128,673 | ||||||
Shares issued for conversion of notes | $ 8 | 131,946 | 131,954 | ||||
Shares issued for conversion of notes, shares | 781,622 | ||||||
Settlement of accounts payable through issuance of common stock | $ 1 | 35,999 | 36,000 | ||||
Settlement of accounts payable through issuance of common stock, shares | 60,000 | ||||||
Reclass of APIC to derivative liabilities for tainted warrants | (322,006) | (322,006) | |||||
Resolution of derivative liabilities due to debt conversions | 372,119 | 372,119 | |||||
Return of common stock for services | $ (1) | (43,999) | (44,000) | ||||
Return of common stock for services, shares | (48,485) | ||||||
Stock based compensation | 80,421 | 80,421 | |||||
Net loss | (337,469) | (337,469) | |||||
Ending Balance at Jan. 31, 2020 | $ 91 | 55,074,257 | (56,780,396) | (1,706,048) | |||
Ending Balance, shares at Jan. 31, 2020 | 9,116,725 | ||||||
Issuance of common stock and warrants in private placement and warrant exercises | $ 1 | 20,598 | 20,599 | ||||
Issuance of common stock and warrants in private placement and warrant exercises, shares | 54,000 | ||||||
Shares issued for conversion of notes | $ 4 | 106,796 | 106,800 | ||||
Shares issued for conversion of notes, shares | 390,481 | ||||||
Reclass of APIC to derivative liabilities for tainted warrants | (189,472) | (189,472) | |||||
Resolution of derivative liabilities due to debt conversions | 106,514 | 106,514 | |||||
Net loss | (183,741) | (183,741) | |||||
Ending Balance at Apr. 30, 2020 | $ 96 | 55,118,693 | (56,964,137) | (1,845,348) | |||
Ending Balance, shares at Apr. 30, 2020 | 9,561,206 | ||||||
Beginning Balance at Jan. 31, 2020 | $ 91 | 55,074,257 | (56,780,396) | (1,706,048) | |||
Beginning Balance, shares at Jan. 31, 2020 | 9,116,725 | ||||||
Issuance of common stock and warrants in private placement and warrant exercises | $ 1 | 15,000 | 20,598 | 35,599 | |||
Issuance of common stock and warrants in private placement and warrant exercises, shares | 54,000 | ||||||
Shares issued for conversion of notes | $ 6 | 169,854 | 169,860 | ||||
Shares issued for conversion of notes, shares | 586,062 | ||||||
Shares issued for services | $ 1 | 49,999 | 50,000 | ||||
Shares issued for services, shares | 142,857 | ||||||
Settlement of accounts payable through issuance of common stock | |||||||
Class A Shares issued to settle related party advances and notes payable | $ 1 | 49,061 | 49,062 | ||||
Class A Shares issued to settle related party advances and notes payable, shares | 102,000 | ||||||
Reclass of APIC to derivative liabilities for tainted warrants | (189,472) | (189,472) | |||||
Resolution of derivative liabilities due to debt conversions | 329,267 | 329,267 | |||||
Return of common stock for services | |||||||
Share issued for rounding from reverse stock split | |||||||
Share issued for rounding from reverse stock split, shares | 2,408 | ||||||
Net loss | (749,745) | (749,745) | |||||
Ending Balance at Jan. 31, 2021 | $ 1 | $ 99 | 15,000 | 55,503,564 | (57,530,141) | (2,011,477) | |
Ending Balance, shares at Jan. 31, 2021 | 102,000 | 9,902,052 | |||||
Issuance of common stock and warrants in private placement and warrant exercises | $ 1 | (15,000) | 122,099 | 107,100 | |||
Issuance of common stock and warrants in private placement and warrant exercises, shares | 116,230 | ||||||
Shares issued for conversion of notes | $ 1 | 26,999 | 27,000 | ||||
Shares issued for conversion of notes, shares | 33,881 | ||||||
Settlement of accounts payable through issuance of common stock | |||||||
Reclass of APIC to derivative liabilities for tainted warrants | (293,528) | (293,528) | |||||
Resolution of derivative liabilities due to debt conversions | 17,406 | 17,406 | |||||
Return of common stock for services | |||||||
Net loss | (81,624) | (81,624) | |||||
Ending Balance at Apr. 30, 2021 | $ 1 | $ 101 | $ 55,376,540 | $ (57,611,765) | $ (2,235,123) | ||
Ending Balance, shares at Apr. 30, 2021 | 102,000 | 10,052,163 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | |
Cash flows from operating activities: | ||||
Net loss | $ (81,624) | $ (183,741) | $ (749,745) | $ (337,469) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation | 1,458 | 1,674 | 6,336 | 2,684 |
Amortization of debt discounts | 23,306 | 98,568 | 159,222 | 134,821 |
(Gain) on settlement of accounts payable | (177,000) | |||
(Gain) on change in fair value of derivative liabilities | (50,652) | (55,036) | (205) | (108,543) |
(Gain) on forgiveness of SBA loan | (30,578) | |||
Stock-based compensation | 80,421 | |||
Common shares issued for third party services | 50,000 | |||
Changes in assets and liabilities: | ||||
Prepaid expenses | (1,363) | (3,899) | 3,496 | (1,267) |
Accounts payable and accrued expenses | 18,274 | 31,526 | 154,484 | (44,127) |
Accounts payable to related parties | (1,213) | |||
Accrued wages related parties | 36,137 | |||
Changes in advances from related party | 60,794 | |||
Accrued interest | 11,167 | 6,936 | 26,111 | 20,396 |
Cash flows used in operating activities: | (79,433) | (103,972) | (380,879) | (334,366) |
Cash flows from financing activities: | ||||
Proceeds from notes payable | 32,497 | 62,974 | 10,000 | |
Cash advance from related party | 10,000 | 62,000 | ||
Proceeds from notes payable, related parties | 55,000 | 120,000 | 48,500 | |
Proceeds from convertible promissory notes | 60,000 | 82,000 | 240,000 | |
Proceeds from the issuance of common stock and warrants | 105,000 | 20,599 | 35,599 | 60,000 |
Proceeds from exercise of warrants | 2,100 | |||
Net cash provided by financing activities | 199,597 | 85,599 | 362,573 | 358,500 |
Increase (decrease) in cash and cash equivalents | 120,164 | (18,373) | (18,306) | 24,134 |
Cash and cash equivalents, beginning of period | 6,718 | 25,024 | 25,024 | 890 |
Cash and cash equivalents, end of period | 126,882 | 6,651 | 6,718 | 25,024 |
Supplemental disclosure of cash flow information: | ||||
Income tax paid | ||||
Interest paid | ||||
Supplemental disclosure of non-cash items: | ||||
Settlement of accounts payable through issuance of common stock | 36,000 | |||
Resolution of derivative liabilities due to debt conversions and untainted warrants | 17,406 | 106,514 | 329,267 | 372,119 |
Reclass of APIC to derivative liabilities for tainted warrants | 293,528 | 189,472 | 189,472 | 322,006 |
Debt discounts due to derivative liabilities | 64,823 | 107,000 | 140,000 | 100,000 |
Common stock issued for conversion of debt and interest | 27,000 | 106,800 | 169,860 | 131,954 |
Class A Common Stock issued for conversion of related party advances and notes payable | 49,062 | |||
Expenses paid by related party on behalf of the Company | $ 22,376 | $ 30,690 | 161,977 | 40,837 |
Return of common shares issued for settlement of accounts payable | 44,000 | |||
Debt extinguishment through issuance of common stock | $ 10,699 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Apr. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | NOTE 1 – Basis of Presentation The consolidated financial statements included herein have been prepared by Liberty Star Uranium & Metals Corp. (the “Company”, “we”, “our”) without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our annual report on Form 10-K for the year ended January 31, 2021 as filed with the SEC under the Securities and Exchange Act of 1934 (the “Exchange Act”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, as permitted by the SEC, although we believe the disclosures which are made are adequate to make the information presented not misleading. The consolidated financial statements reflect, in the opinion of management, all normal recurring adjustments necessary to present fairly our financial position at April 30, 2021 and the results of our operations and cash flows for the periods presented. Interim results are subject to significant seasonal variations and the results of operations for the three months ended April 30,2021 are not necessarily indicative of the results to be expected for the full year. Reverse Stock Split On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the “Reverse Stock Split”). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company’s common stock began trading on a split-adjusted basis on February 25, 2021. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 6,150,000,000 shares of common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 12,300,000 shares of common stock. The Reverse Stock Split did not have any effect on the stated par value of the common stock. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 100,000,000 shares of Class A common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 200,000 shares of Class A common stock. As of February 24, 2021 (immediately prior to the effective date of the Reverse Stock Split), there were 51,000,000 shares of Class A common stock outstanding. As a result of the Reverse Stock Split, there are approximately adjustment due to the effect of rounding fractional shares into whole shares). The Reverse Stock Split did not have any effect on the stated par value of the Class A common stock. All references to common shares and common share data in these consolidated financial statements and elsewhere in this Form 10-Q reflect the Reverse Stock Split. |
Organization
Organization | 12 Months Ended |
Jan. 31, 2021 | |
Accounting Policies [Abstract] | |
Organization | NOTE 1 – Organization Liberty Star Uranium & Metals Corp. (the “Company”, “we”, “our”, or “Liberty Star”) was formerly Liberty Star Gold Corp. and formerly Titanium Intelligence, Inc. (“Titanium”). Titanium was incorporated on August 20, 2001 under the laws of the State of Nevada. On February 5, 2004, we commenced operations in the acquisition and exploration of mineral properties business. Big Chunk Corp. (“Big Chunk”) was our wholly owned subsidiary and was incorporated on December 14, 2003 in the State of Alaska. Until 2016 Big Chunk was engaged in the acquisition and exploration of mineral properties business in the State of Alaska. until its dissolution on July 26, 2019. Redwall Drilling Inc. (“Redwall”) was our wholly owned subsidiary and was incorporated on August 31, 2007 in the State of Arizona. Redwall performed drilling services on the Company’s mineral properties. Redwall ceased drilling activities in July 2008 and was dissolved on March 30, 2010. We formed the wholly owned subsidiary, Hay Mountain Super Project LLC (“HMSP”) incorporated on October 24, 2014, to serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. We renamed HMSP to Hay Mountain Holdings LLC (“HMH”) on March 5, 2019. In April 2007, we changed our name to Liberty Star Uranium & Metals Corp. On February 22, 2019, the Company registered the tradename ‘Liberty Star Minerals’ with the state of Arizona to be recognized as ‘doing business as’, or ‘d/b/a’ Liberty Star Minerals. We have not generated any revenues from operations. On April 11, 2019 we formed a new subsidiary named Earp Ridge Mines LLC (“Earp Ridge”) wholly owned by HMH. On August 13, 2020, the Company formed Red Rock Mines, LLC (“Red Rock”), an Arizona corporation, as a wholly-owned subsidiary of Hay Mountain Holdings, LLC. |
Going Concern
Going Concern | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Going Concern | NOTE 2 – Going concern The Company has incurred losses from operations and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern. Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. | NOTE 3 – Going concern These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) with the on-going assumption that we will be able to realize our assets and discharge our liabilities in the normal course of business. However, certain conditions noted below currently exist which raise substantial doubt about our ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should we be unable to continue as a going concern. Our operations have primarily been funded by the issuance of common stock and debt. Continued operations are dependent on our ability to complete equity financings or generate profitable operations in the future. Management’s plan in this regard is to secure additional funds through future equity financings, joint venture agreements or debt. Such financings may not be available or may not be available on reasonable terms. The Company has incurred losses from operations, has a working capital deficit and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern. Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Accounting Policies [Abstract] | ||
Summary of Significant Accounting Policies | NOTE 3 – Summary of Significant Accounting Policies Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2021 $ 290,293 - - $ 290,293 Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, convertible notes payable, and derivative liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value of derivative liability. | NOTE 2 – Summary of significant accounting policies The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America in all material respects and have been consistently applied in preparing the accompanying consolidated financial statements. The significant accounting policies adopted by the Company are as follows: Reverse Stock Split On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the “Reverse Stock Split”). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company’s common stock began trading on a split-adjusted basis on February 25, 2021. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 6,150,000,000 shares of common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 12,300,000 shares of common stock. The Reverse Stock Split did not have any effect on the stated par value of the common stock. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 100,000,000 shares of Class A common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 200,000 shares of Class A common stock, with 102,000 shares of Class A common stock outstanding. As a result of the Reverse Stock Split, there was an adjustment of approximately 2,408 common shares due to the effect of rounding fractional shares into whole shares. The Reverse Stock Split did not have any effect on the stated par value of the Class A common stock. All references to common shares and common share data in these consolidated financial statements and elsewhere in this Form 10-K as of January 31, 2021 and 2020, and for the years then ended, reflect the Reverse Stock Split. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary HMH and the HMH wholly-owned subsidiaries Earp Ridge and Red Rock. All significant intercompany accounts and transactions have been eliminated upon consolidation. Cash and cash equivalents We consider cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. We maintain our cash in bank deposit accounts which, for periods of time, may exceed federally insured limits. At January 31, 2021 and 2020, we had no cash balances in bank deposit accounts that exceeded federally insured limits. Mineral claim costs We account for costs incurred to acquire, maintain and explore mineral properties as a charge to expense in the period incurred until the time that a proven mineral resource is established, at which point development of the mineral property would be capitalized. Currently, we do not have any proven mineral resources on any of our mineral properties. Long-lived assets and impairment of long-lived assets Property and equipment are stated at cost. We capitalize all purchased equipment over $500 with a useful life of more than one year. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are stated at cost and are amortized over their estimated useful lives or the lease term, whichever is shorter. Maintenance and repairs are expensed as incurred while betterments or renewals are capitalized. Property and equipment are reviewed periodically for impairment. The estimated useful lives range from 3 to 7 years. We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. Convertible promissory notes We report convertible promissory notes as liabilities at their carrying value less unamortized discounts, which approximates fair value. We bifurcate conversion options and detachable common stock purchase warrants and report them as liabilities at fair value at each reporting period when required in accordance with the applicable accounting guidance. When convertible promissory notes are converted into shares of our common stock in accordance with the debt’s terms, no gain or loss is recognized. We account for inducements to convert as an expense in the period incurred, included in debt conversion expense. Derivative liabilities The valuation of the derivative liability of our warrants is determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Common stock purchase warrants We report common stock purchase warrants as equity unless a condition exists which requires reporting as a derivative liability at fair market value. Stock based compensation The Company recognizes stock-based compensation for all share-based payment awards made to employees and non-employees based on the estimated fair values of the stock or options. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option’s vesting periods, which approximates the service period. Environmental expenditures Our operations have been and may in the future be affected from time to time in varying degree by changes in environmental regulations, including those for future removal and site restoration costs. The likelihood of new regulations and their overall effect upon us are not predictable. We provide for any reclamation costs in accordance with the accounting standards codification section 410-30. It is management’s opinion that we are not currently exposed to significant environmental and reclamation liabilities and have recorded no reserve for environmental and reclamation expenditures as of January 31, 2021 or 2020. Fair value of financial instruments Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, convertible notes payable, notes payable, and derivative liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the warrant liability are reported in other income (expense) as gain (loss) on change in fair value. The Company measures and discloses certain financial assets and liabilities at fair value. Authoritative guidance defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - Warrant and convertible note derivative liability at January 31, 2020 $ - - - $ - Income taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. With few exceptions, we are no longer subject to U.S. federal, state and local examinations by tax authorities for the tax year ended January 31, 2017 and prior. Net income (loss) per share Basic net income (loss) per share is computed by dividing net loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share takes into consideration shares of common stock outstanding (computed under basic income or loss per share) and potentially dilutive shares of common stock that are not anti-dilutive. For the years ended January 31, 2021 and 2020, the following number of potentially dilutive shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive: Year Ended January 31, 2021 2020 Stock options outstanding 146,000 177,000 Warrants 400,166 363,416 Shares to be issued upon conversion of notes payable 113,034 603,810 Total 659,200 1,144,226 Newly Issued Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on the Company’s financial position, operations or cash flows. Management has evaluated these new pronouncements through January 31, 2021. All other accounting standards updates that have been issued or proposed by the FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. |
Mineral Claims
Mineral Claims | 12 Months Ended |
Jan. 31, 2021 | |
Extractive Industries [Abstract] | |
Mineral Claims | NOTE 4 – Mineral claims At January 31, 2021, we held a 100% interest in 93 standard federal lode mining claims located in the Tombstone region of Arizona. At January 31, 2021, we held 35 Arizona State Land Department Mineral Exploration Permits covering 15,793.24 acres in the Tombstone region of Arizona. Title to mineral claims involves certain inherent risks due to difficulties of determining the validity of certain claims as well as potential for problems arising from the frequently ambiguous conveyance history characteristic of many mineral properties. All of the Company’s claims for mineral properties are in good standing as of January 31, 2021. |
Property and Equipment
Property and Equipment | 12 Months Ended |
Jan. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | NOTE 5 – Property and equipment The balances of our major classes of depreciable assets and useful lives are: January 31, 2021 January 31, 2020 Geology Equipment (3 to 7 years) $ 315,052 $ 315,052 Vehicles and transportation equipment (5 years) 48,592 48,592 Office furniture and equipment (3 to 7 years) 71,584 71,584 435,228 435,228 Less: accumulated depreciation (401,672 ) (395,336 ) $ 33,556 $ 39,892 Depreciation expense was $6,336 and $2,684 for the years ended January 31, 2021 and 2020, respectively. |
Related Party Transactions
Related Party Transactions | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Related Party Transactions [Abstract] | ||
Related Party Transactions | NOTE 4 – Related party transactions Our CEO, Brett Gross, was elected as President and Chief Executive Officer on December 7, 2018 and received no compensation for these services during the three months ended April 30,2021 and 2020. From October 2019 through April 30, 2021, our CEO, Brett Gross, made various payments on behalf of the Company totaling $161,977, and advanced the Company $62,000 in cash, all of which are reflected as advances from related party on the accompanying consolidated balance sheets. The total advances were $314,742 and $301,077 as of April 30, 2021 and January 31, 2021, respectively, bear no interest and have no specified repayment date. During the three months ended April 30, 2021, the note principal increased $5,000 for a payment by the director to a consultant on behalf of the Company. Total maturities of principal and accrued interest under all notes to two directors as of April 30, 2021 are $285,448 due July 31, 2021. The Company has a note payable of $10,000 from James Briscoe, under a promissory note dated September 17, 2018, which matured and became past due on September 17, 2019 with interest at 10%. As of April 30 and January 31, 2021, the total balance of all related party notes was $298,064 and $283,271, respectively, which includes accrued interest of $42,152 and $36,070, respectively. As of April 30 and January 31, 2021, we had a balance of accrued unpaid wages of $759,949 to James Briscoe, our former Chairman of the Board, CEO, Chief Geologist, Secretary, Treasurer, and President. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President and $36,137 to Patricia Madaris, VP Finance & CFO. As of April 30 and January 31, 2021, we had an aggregate balance due of approximately $167,000 on credit cards guaranteed by James Briscoe reflected in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. As of April 30 and January 31, 2021, we had accounts payable to JABA (controlled by James Briscoe) of $34,798, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets. As of April 30 and January 31, 2021, we had a balance of $16,321 due to the spouse of James Briscoe. | NOTE 12 – Related party transactions We were a party to the following transactions with related parties during the year ended January 31, 2021: Our CEO, Brett Gross, was elected as President and Chief Executive Officer on December 7, 2018 and received no compensation for these services during the years ended January 31, 2021 and 2020. During the year ended January 31, 2021, our CEO, Brett Gross, made various payments on behalf of the Company totaling $161,977, and advanced the Company $62,000 in cash, all of which are reflected as advances from related party on the accompanying consolidated balance sheets. The total advances were $301,077 and $101,631 as of January 31, 2021 and 2020, respectively, bear no interest and have no specified repayment date. On June 30, 2020, the Company issued 51,000 shares of its Class A Common Stock to our CEO for repayment of $24,531 of advances ($0.481 per share). During the year ended January 31, 2021, the Company received aggregate proceeds of $120,000 from a director under a promissory note extended with interest at 10%. Total maturities of principal and accrued interest under all notes to two directors are $270,898 due October 31, 2020 (extended to July 31, 2021). On June 30, 2020, the Company issued 51,000 shares of its Class A Common Stock to the director for repayment of $24,531 of their promissory note ($0.481 per share). The Company has a note payable of $10,000 from James Briscoe, under a promissory note dated September 17, 2018, which matured and became past due at September 17, 2019 with interest at 10%. As of January 31, 2021 and 2020, the total balance of all related party notes was $283,271 and $166,560, respectively, which includes accrued interest of $36,070 and $14,828, respectively. At January 31, 2021 and 2020, we had a balance of accrued unpaid wages of $759,949 to James Briscoe, our former Chairman of the Board, CEO, Chief Geologist, Secretary, Treasurer, and President. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President and $36,137 to Patricia Madaris, VP Finance & CFO. At January 31, 2021 and 2020, we had an aggregate balance due of approximately $167,000 on credit cards guaranteed by James Briscoe reflected in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. At January 31, 2021 and 2020, we had accounts payable to JABA (controlled by James Briscoe) of $34,798, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets. At January 31, 2021 and 2020, we had a balance of $16,321 due to the spouse of James Briscoe. We were a party to the following transactions with related parties during the year ended January 31, 2020: During the year ended January 31, 2020, the Company received advances of $48,500 from two directors under two promissory notes with interest at 10%. Total principal maturities under these two notes are $106,302 due October 31, 2020 (extended from October 31, 2019) and $35,430 due October 31, 2020 (extended from January 31, 2020). Additionally, the Company has a note payable of $10,000 from James Briscoe, under a promissory note dated September 17, 2018, due September 17, 2019 with interest at 10% and is currently past due. As of January 31, 2020, the total balance of all related party notes was $166,560, which includes accrued interest of $14,828. During the year ended January 31, 2020, our CEO, Brett Gross, made various payments on behalf of the Company totaling $101,631, reflected as advances from related party on the accompanying consolidated balance sheet. The advances bear no interest and have no specified repayment date. In July 2019, the Company issued 86,430 shares of its common stock and 43,215 warrants to an investor, who also subsequently became a director, for proceeds of $50,000, or $0.579 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.810. In July and October 2019, the Company issued an aggregate of 120,000 non-qualified stock options to four new directors for services. The options vest immediately, have a 10-year term, an exercise price of $1.500, and resulted in share-based compensation expense of $80,421 during the year ended January 31, 2020. We had an option to explore 1 standard federal lode mining claim at the East Silverbell project and 29 standard federal lode mining claims at the Walnut Creek project from JABA. We were required to pay annual rentals to maintain the claims in good standing. We paid $4,650 in rental fees to maintain these mineral claims during the year ended January 31, 2019 until September 1, 2019. The original option agreement was for the period from April 11, 2008 through January 1, 2011 and was extended through June 1, 2013, June 1, 2015 and then to June 1, 2021, The Company did not renew this option and it expired on September 1, 2019. On January 11, 2019, we discontinued renting an office month-to-month from James Briscoe, a director who resigned on September 23, 2019. An amount of $2,610 of rent was unpaid as of January 31, 2021 and 2020. |
Stock Options
Stock Options | 3 Months Ended |
Apr. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Stock Options | NOTE 5 – Stock options Qualified and Non-qualified incentive stock options outstanding at April 30, 2021 are as follows: Weighted Number of exercise Options price per share Outstanding, January 31, 2021 146,000 $ 3.019 Granted - - Expired - - Exercised - - Outstanding, April 30, 2021 146,000 $ 3.019 Exercisable, April 30, 2021 146,000 $ 3.019 These options had a weighted average remaining life of 7.37 years and an aggregate intrinsic value of $0 as of April 30, 2021. During the three months ended April 30, 2021 and 2020, we recognized $0 and $0, respectively, of compensation expense related to stock options. |
Warrants
Warrants | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Warrants and Rights Note Disclosure [Abstract] | ||
Warrants | NOTE 6 – Warrants As of April 30, 2021, there were 449,281 purchase warrants outstanding and exercisable. The warrants have a weighted average remaining life of 2.1 years and a weighted average exercise price of $2.101 per warrant for one common share. The warrants had an aggregate intrinsic value of $40,764 as of April 30, 2021. Stock warrants outstanding at April 30, 2021 are as follows: Weighted average Number of exercise Outstanding, January 31, 2021 400,166 $ 2.155 Issued 55,115 1.524 Expired - - Exercised (6,000 ) 0.350 Outstanding, April 30, 2021 449,281 $ 2.101 Exercisable, April 30, 2021 449,281 $ 2.101 During the three months ended April 30, 2021, the Company issued 55,115 warrants to investors as part of their purchase of common stock. The warrants have a three-year term and are exercisable at any time at exercise prices ranging from $1.426 to $1.646. As of June 17, 2021, the Company extended all warrants issued by the Company which expired or will expire during the year 2021. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, including application of the reverse split effective on February 25, 2021. | NOTE 10 – Warrants As of January 31, 2021, there were 400,166 warrants outstanding and exercisable. The warrants have a three-year term, a weighted average remaining life of 1.23 years and a weighted average exercise price of $2.155 per warrant for one common share. Warrants outstanding at January 31, 2021 and 2020 are as follows: Number Weighted Outstanding, January 31, 2019 308,829 2.586 Issued 64,337 0.769 Expired - - Exercised - - Outstanding, January 31, 2020 373,166 2.273 Issued 27,000 0.522 Expired - - Exercised - - Outstanding, January 31, 2021 400,166 2.155 Exercisable, January 31, 2021 400,166 2.155 The weighted average intrinsic value for warrants outstanding was $136,217 and $5,200 as of January 31, 2021 and 2020, respectively. On July 12, 2019, the Company issued 43,215 warrants to an investor, who also subsequently became a director of the Company, as part of their purchase of common stock during the year ended January 31, 2020. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.810. On November 19, 2019, the Company issued 21,122 warrants to an investor, as part of their purchase of common stock during the year ended January 31, 2020. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.6850. During the year ended January 31, 2021, the Company issued 27,000 warrants to investors as part of their purchase of common stock. The warrants have a three-year term and are exercisable at any time at exercise prices ranging from $0.400 to $0.550. Extension of Expiration Date Effective May 1, 2019, the Company extended the due date of all warrants expiring during the three months ended July 31, 2019, totaling 66,002 warrants, for an additional three years. There was no expense related to the extension of these warrants since these were held by investors. Effective December 5, 2019, the Company extended the due date of all warrants expiring during the five months ending December 31, 2019, totaling 39,000 warrants, for an additional three years. There was no expense related to the extension of these warrants since these were held by investors. Effective May 27, 2020, the Company extended the due date of all warrants expiring during the 12 months ending December 31, 2020, totaling 45,065 warrants, for an additional three years, including 9,750 warrants previously set to expire in January 2020. There was no expense related to the extension of these warrants since these were held by investors. |
Derivative Liabilities
Derivative Liabilities | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Derivative Liabilities | NOTE 7 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued (See Note 8), that became convertible during the three months ended April 30,2021, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. These convertible notes tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible. The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Key inputs and assumptions used to value the convertible note when it became convertible and upon settlement, and warrants upon tainting, were as follows: ● The stock projections are based on the historical volatilities for each date. These volatilities were in the 197.3% to 211.4% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date; ● An event of default would not occur during the remaining term of the note; ● Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. ● The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note; ● The Company would not have funds available to redeem the notes during the remaining term of the convertible notes; ● Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument. ● The Holder would exercise the warrant at maturity if the stock price was above the exercise price; ● The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. Using the results from the model, the Company recorded a derivative liability during the three months ended April 30,2021 of $293,528 for newly granted and existing warrants (see Note 6) that were tainted and a derivative liability of $64,823 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a “day 1” derivative loss of $0 and a debt discount of $64,823 that was amortized over the remaining term of the note using the effective interest rate method. Interest expense related to the amortization of this debt discount for the three months ended April 30,2021, was $21,725. The remaining unamortized debt discount related to the derivative liability was $43,098 as of April 30, 2021. During the three months ended April 30,2021, the Company recorded a reclassification from derivative liability to equity of $0 for warrants becoming untainted and $17,406 due to the conversions of a portion of the Company’s convertible notes. The Company also recorded the change in the fair value of the derivative liability as a gain of $50,652 to reflect the value of the derivative liability for warrants and convertible notes as of April 30, 2021. During the three months ended April 30, 2020, the Company recorded a reclassification from derivative liability to equity of $0 for warrants becoming untainted and $106,514 due to the conversions of a portion of the Company’s convertible notes. The Company also recorded the change in the fair value of the derivative liability as a gain of $55,036 to reflect the value of the derivative liability for warrants and convertible notes as of April 30, 2020. The Company did not have a derivative liability as of January 31, 2021 since outstanding convertible notes were not convertible at period end or were fully converted during the period and consequently, the outstanding warrants were no longer tainted. The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Three months ended April 30, 2021 2020 Beginning balance $ - $ - Total gains (50,652 ) (55,036 ) Settlements (17,406 ) (106,514 ) Additions recognized as debt discount 64,823 107,000 Additions due to tainted warrants 293,528 189,472 Ending balance $ 290,293 $ 134,922 Change in unrealized gain included in earnings relating to derivatives $ (50,652 ) $ (55,036 ) | NOTE 7 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued (See Note 6), that became convertible during the years ended January 31, 2021 and 2020, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible note tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible. The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Key inputs and assumptions used to value the convertible note when it became convertible and upon settlement, and warrants upon tainting, were as follows: ● The stock projections are based on the historical volatilities for each date. These volatilities were in the 193.9% to 257.8% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date; ● An event of default would not occur during the remaining term of the note; ● Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. ● The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note; ● The Company would not have funds available to redeem the notes during the remaining term of the convertible notes; ● Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument. ● The Holder would exercise the warrant at maturity if the stock price was above the exercise price; ● The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. Using the results from the model, the Company recorded a derivative liability during the year ended January 31, 2021 of $189,472 for newly granted and existing warrants that were tainted and a derivative liability of $159,375 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a “day 1” derivative loss of $19,375 and a debt discount of $140,000 that was amortized over the remaining term of the note using the effective interest rate method. Interest expense related to the amortization of this debt discount for the year ended January 31, 2021 was $140,000. The remaining unamortized debt discount related to the derivative liability was $0 as the notes were fully converted by January 31, 2021. The Company recorded a derivative liability during the year ended January 31, 2020 of $322,006 for newly granted and existing warrants that were tainted and a derivative liability of $123,057 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a “day 1” derivative loss of $23,057 and a debt discount of $100,000 that was amortized over the remaining term of the note using the effective interest rate method. Interest expense related to the amortization of this debt discount for the year ended January 31, 2021 was $100,000. The remaining unamortized debt discount related to the derivative liability was $0 as the notes were fully converted by January 31, 2020. During the year ended January 31, 2021, the Company recorded a reclassification from derivative liability to equity of $189,518 for warrants becoming untainted and $139,749 due to conversions of the Company’s convertible notes. During the year ended January 31, 2020, the Company recorded a reclassification from derivative liability to equity of $234,650 for warrants becoming untainted and $137,469 due to the conversions of a portion of the Company’s convertible notes. The Company also recorded the change in the fair value of the derivative liability as a gain of $205 and $108,543, respectively, to reflect the value of the derivative liability for warrants and convertible notes as of January 31, 2021 and 2020, respectively. The Company did not have a derivative liability as of January 31, 2021 and 2020 since none of the outstanding notes remained convertible at the end of the periods and consequently the outstanding warrants were no longer tainted. The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Year Ended January 31, 2021 2020 Beginning balance $ - $ 58,656 Total gains (205 ) (108,543 ) Settlements (329,267 ) (372,119 ) Additions recognized as debt discount 140,000 100,000 Additions due to tainted warrants 189,472 322,006 Ending balance $ - $ - Change in unrealized gains included in earnings relating to derivatives as of January 31, 2021 and 2020 $ (205 ) $ (108,543 ) |
Long-term Debt and Convertible
Long-term Debt and Convertible Promissory Notes | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Debt Disclosure [Abstract] | ||
Long-term Debt and Convertible Promissory Notes | NOTE 8 – Long-term debt and convertible promissory notes Following is a summary of convertible promissory notes: April 30, 2021 January 31, 2021 8% convertible note payable issued October 2020, due September 2021 $ 72,546 $ 95,611 8% convertible note payable issued April 2021, due April 2022 63,055 - 135,601 95,611 Less debt discount (51,425 ) (7,642 ) Less current portion of convertible notes (84,176 ) (87,969 ) Long-term convertible notes payable $ - $ - On October 28, 2020, we received net proceeds of $82,000 from the issuance of a convertible note dated October 20, 2020 (the “October 2020 Note”). The note bears interest at 8%, includes OID of $8,500 and legal and due diligence fees of $3,000, matures on September 1, 2021, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the three months ended April 30, 2021, the noteholder converted a total of $27,000 of the note for 33,881 shares of the Company’s common stock, leaving a balance of $72,546 as of April 30, 2021. On April 26, 2021, we received net proceeds of $60,000 from the issuance of a convertible note dated April 23, 2021 (the “April 2021 Note”). The note bears interest at 8%, includes legal and due diligence fees of $3,000, matures on April 23, 2022, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the three months ended April 30, 2021 and 2020, the Company recorded debt discounts of $64,823 and 107,000, respectively, due to the derivative liabilities, and original issue debt discounts of $3,000 and $0, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $23,306 and $98,568 for the three months ended April 30, 2021 and 2020, respectively. Notes Payable On June 22, 2020, the Company received loan proceeds of $32,300 (net of $100 loan fee) under the SBA’s Economic Injury Disaster Loan program (“EIDL”). The EIDL loan, dated June 16, 2020, bears interest at 3.75%, has a 30-year term, is secured by substantially all assets of the Company, and is due in monthly installments of $158 beginning June 18, 2021 (extended to June 18, 2023). On February 16, 2021, the Company received loan proceeds of $32,497 under the Payroll Protection Program (“PPP”). The PPP loan bears interest at 1%, has a 5-year term, and is due in equal monthly installments beginning December 16, 2021. The balance of these two notes total $66,020, including accrued interest of $1,123, and is included in long-term debt as of April 30, 2021. | NOTE 6 – Long-term debt and convertible promissory notes Following is a summary of convertible promissory notes: January 31, 2021 January 31, 2020 8% convertible note payable issued August 2019, due May 2020 $ - $ 79,886 8% convertible note payable issued October 2019, due August 2020 - 48,347 8% convertible note payable issued January 2020, due November 2020 - 39,635 8% convertible note payable issued October 2020, due September 2021 95,611 - 95,611 167,868 Less debt discount (7,642 ) (15,364 ) Less current portion of convertible notes (87,969 ) (152,504 ) Long-term convertible notes payable $ - $ - On July 23, 2018, we received net proceeds of $48,000 under a convertible note dated July 19, 2018 (the “July 2018 Note”). The total principal under the note is $50,000, bears interest at 12% per annum, includes OID of $2,000, is due on July 19, 2019, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2020, the noteholder converted an aggregate of $21,714 of the remaining balance of this note for 394,801 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2020. On April 12, 2019, we received net proceeds of $50,000 from the issuance of a convertible note dated April 10, 2019 (the “April 2019 Note”). The note bears interest at 8%, includes OID of $3,000, matures on February 28, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2020, the noteholder converted the note in full (an aggregate of $55,120) for 147,341 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2020. On May 21, 2019, we received net proceeds of $50,000 from the issuance of a convertible note dated May 17, 2019 (the “May 2019 Note”). The note bears interest at 8%, includes OID of $3,000, matures on March 17, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2020, the noteholder converted a total of $55,120 of the note in for 239,480 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2020. On August 15, 2019, we received net proceeds of $67,000 from the issuance of a convertible note dated August 13, 2019 (the “August 2019 Note”). The note bears interest at 8%, includes OID of $10,000, matures on May 30, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2021, the noteholder converted a total of $79,800 of the note in for 272,750 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2021. On October 25, 2019, we received net proceeds of $40,000 from the issuance of a convertible note dated October 22, 2019 (the “October 2019 Note”). The note bears interest at 8%, includes OID of $7,300, matures on August 15, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2021, the noteholder converted a total of $49,020 of the note in for 215,597 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2021. On January 30, 2020, we received net proceeds of $33,000 from the issuance of a convertible note dated January 27, 2020 (the “January 2020 Note”). The note bears interest at 8%, includes OID of $3,600 and legal fees of $3,000, matures on November 15, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2021, the noteholder converted a total of $41,040 of the note in for 97,714 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2021. On October 28, 2020, we received net proceeds of $82,000 from the issuance of a convertible note dated October 20, 2020 (the “October 2020 Note”). The note bears interest at 8%, includes OID of $8,500 and legal and due diligence fees of $3,000, matures on September 1, 2021, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. The net balance of this convertible note was $87,969 as of January 31, 2021. During the year ended January 31, 2021 and 2020, the Company recorded debt discounts of $140,000 and $100,000 respectively, due to the derivative liabilities, and original issue debt discounts of $11,500 and $29,900, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $159,222 and $134,821 for the years ended January 31, 2021 and 2020, respectively. Note payable In March 2019, the Company received proceeds of $10,000 from a third-party under a promissory note due in March 2020, with interest at 10%. On November 19, 2019, the Company sold 42,243 shares of the Company’s common stock to this noteholder for $20,699, or $0.49 per unit, in a private placement. The consideration received included $10,000 in cash plus the settlement of this note payable of $10,000 and accrued interest of $699, leaving a balance of $0 as of January 31, 2020. Notes Payable - SBA On May 5, 2020, the Company received loan proceeds of $30,387 under the SBA’s Paycheck Protection Program (“PPP”). The PPP loan dated May 5, 2020 bears interest at 1% and is due in 18 monthly installments of $1,710 beginning December 1, 2020. On May 5, 2020, the Company also received grant proceeds of $3,000 under the EIDL program which is reflected as a credit to salaries and benefits expense for the year ended January 31, 2021. In November 2020, the Company was approved for forgiveness in full for the entire amount including principal and interest under the PPP loan, The grant proceeds of $3,000 was factored in the amount forgiven thus $3,000 remained payable to our bank related to the PPP until its repayment in February 2021. On June 22, 2020, the Company received loan proceeds of $32,300 (net of $100 loan fee) under the SBA’s Economic Injury Disaster Loan program (“EIDL”). The EIDL loan, dated June 16, 2020, bears interest at 3.75%, has a 30-year term, is secured by substantially all assets of the Company, and is due in monthly installments of $158 beginning June 16, 2021. The balance of $33,162, including interest of $762, is included in long-term debt as of January 31, 2021. |
Common Stock
Common Stock | 12 Months Ended |
Jan. 31, 2021 | |
Equity [Abstract] | |
Common Stock | NOTE 8 – Common stock Class A Common Stock On June 22, 2020, the Company filed a Certificate of Designation with the Secretary of State of Nevada to establish the terms of the Company’s Class A Common Stock (the “Class A Shares”), par value $0.00001 per share, 200,000 shares authorized. The terms of the Class A Shares include 200-1 voting rights in addition to the rights held by common stockholders. Only persons who are current members of the Company’s Board of Directors may own or hold Class A Shares. On June 30, 2020, the Company entered into an agreement to issue a total of 102,000 shares of its Class A Shares to two directors of the Company. The aggregate consideration paid for the Class A Shares was $49,062 ($0.481 per share). The consideration was paid by offsetting the purchase price against Company advances and notes held by the two directors (see Note 12). Common Stock Our undesignated common shares are all of the same class, and are voting shares Upon liquidation or wind-up, stockholders are entitled to participate equitably with respect to any distribution of net assets that may be declared. Reverse Stock Split On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the “Reverse Stock Split”). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company’s common stock began trading on a split-adjusted basis on February 25, 2021. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 6,150,000,000 shares of common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 12,300,000 shares of common stock. The Reverse Stock Split did not have any effect on the stated par value of the common stock. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 100,000,000 shares of Class A common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 200,000 shares of Class A common stock, with 102,000 shares of Class A common stock outstanding. As a result of the Reverse Stock Split, there was an adjustment of approximately 2,408 common shares due to the effect of rounding fractional shares into whole shares. The Reverse Stock Split did not have any effect on the stated par value of the Class A common stock. All references to common shares and common share data in these consolidated financial statements and elsewhere in this Form 10-K as of January 31, 2021 and 2020, and for the years then ended, reflect the Reverse Stock Split. Common Stock Issued During the Year Ended January 31, 2021 During the year ended January 31, 2021, the Company issued a total of 586,062 shares of our common stock for conversions of $169,860 of convertible notes payable and accrued interest at exercise prices ranging from $0.225 to $0.420. During the year ended January 31, 2021, the Company issued a total of 54,000 shares of its common stock and 27,000 warrants to two investors for proceeds of $20,599, or $0.300 to $0.400 per share. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.400 to $0.550 per share. During the year ended January 31, 2021, the Company issued 142,857 shares of its common stock to a consultant for services at an aggregate price of $50,000, or $0.350 per share. In January 2021, the Company received proceeds of $15,000 from our chairman of the board for the purchase of 14,726 shares of the Company’s common stock, at a price of $1.019 per share, and 7,363 warrants. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.426 per share. The shares were subsequently issued in April 2021, thus the proceeds of $15,000 were classified as common stock to be issued as of January 31, 2021. Common Stock Issued During the Year Ended January 31, 2020 During the year ended January 31, 2020, the Company issued a total of 781,622 shares of our common stock for conversions of $131,954 of convertible notes payable at an exercise prices ranging from of $0.055 to $0.390. In July 2019, the Company issued 60,000 shares of its common stock to satisfy $213,000 owed for services due an investor relations consultant for services provided in prior years which was previously included in accounts payable and accrued liabilities, resulting in a gain on settlement of accounts payable of $177,000. In July 2019, the Company issued 86,430 shares of its common stock and 43,215 warrants to an investor, who also subsequently became a director, for proceeds of $50,000, or $0.579 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.810. On November 19, 2019, the Company sold 42,243 shares of the Company’s common stock to a noteholder for $20,699, or $0.490 per unit, in a private placement. The consideration received included $10,000 cash plus the settlement of a note payable of $10,000 and accrued interest of $699. On January 8, 2020, a consultant returned to the Company a total of 48,485 shares of common stock issued for accounts payable for services totaling $44,000. The exchange resulted in an increase in accounts payable of $44,000 which the Company has agreed to repay in installments of $600 for twelve months, $1,500 for the following 12 months, and $2,500 per month thereafter until paid in full. The consultant has agreed to waive the final $4,000 if all payments are made timely. A total of $36,400 remains outstanding as of January 31, 2021, of which $20,300 is classified as long-term accounts payable. |
Share-based Compensation
Share-based Compensation | 12 Months Ended |
Jan. 31, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Share-based Compensation | NOTE 9 – Share-based compensation The 2010 Stock Option Plan was approved and adopted by the Board of Directors on August 10, 2010. The plan allows for up to 191,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2007 Stock Option Plan was approved and adopted by the Board of Directors on December 10, 2007. The plan allows for up to 5,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2004 Stock Option Plan was approved and adopted by the Board of Directors on December 27, 2004. The plan allows for up to 1,925 shares to be granted to key employees and non-employee consultants after specific objectives are met. Employees can receive incentive stock options and non-qualified stock options while non-employee consultants can receive only non-qualified stock options. The options granted vest under various provisions using graded vesting, not to exceed four years. The options granted have a term not to exceed ten years from the date of grant or five years for options granted to more than 10% stockholders. The option price set by the Plan Administration shall not be less than the fair market value per share of the common stock on the grant date or 110% of the fair market value per share of the common stock on the grant date for options granted to greater than 10% stockholders. Options remaining available for grant under the 2010 Stock Option Plan at January 31, 2021 and 2020 are 51,417 and 20,417, respectively. Options remaining available for grant under the 2007 Stock Option Plan at January 31, 2021 and 2020 are 425 and 425, respectively. Options remaining available for grant under the 2004 Stock Option Plan at January 31, 2021 and 2020 are 83 and 83, respectively. The Company granted 30,000 stock options each to four directors (120,000 total) during the year ended January 31, 2020 and recognized $80,421 of compensation expense using the Black-Scholes valuation method with the following assumptions: stock prices of $0.70 to $0.75, exercise price of $1.50, expected term of 5 years, volatility of 180.7% to 181.3%, annual rate of dividends of 0%, and discount rates of 1.59% to 1.85%. No stock options were granted during the year ended January 31, 2021. The following tables summarize the Company’s stock option activity during the years ended January 31, 2021 and 2020: Number of Weighted Weighted Aggregate Outstanding, January 31, 2019 180,760 $ 16.378 2.56 $ - Granted 120,000 1.500 Cancelled and/or forfeited (123,760 ) 17.054 Exercised - - Outstanding, January 31, 2020 177,000 $ 5.818 7.20 $ - Granted - - Cancelled and/or forfeited (31,000 ) 19.000 Exercised - - Outstanding, January 31, 2021 146,000 $ 3.019 7.61 $ - Exercisable, January 31, 2021 146,000 $ 3.019 7.61 $ - The aggregate intrinsic value is calculated based on the stock price of $1.473 and $0.550 per share as of January 31, 2021 and 2020, respectively. During the years ended January 31, 2021 and 2020, we recognized $0 and $80,421 of compensation expense related to incentive and non-qualified stock options previously granted to officers, employees and consultants. Share-based compensation expense is reported in our consolidated statements of operations as follows: January 31, 2021 January 31, 2020 Geological and geophysical costs $ - $ - Salaries and benefits - 80,421 Investor relations - - General and administrative - - $ - $ 80,421 At January 31, 2021, there was $0 of unrecognized share-based compensation for all share-based awards outstanding. |
Income Taxes
Income Taxes | 12 Months Ended |
Jan. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 11 – Income taxes As of January 31, our deferred tax asset is as follows: January 31, 2021 January 31, 2020 Deferred Tax Assets $ 6,783,000 $ 6,641,000 Less Valuation Allowance (6,783,000 ) (6,641,000 ) $ - $ - Management has elected to provide a deferred tax asset valuation allowance equal to the potential benefit due to our history of losses. If we demonstrate the ability to generate future taxable income, management will re-evaluate the allowance. The increase of $142,000 during the year ended January 31, 2021 primarily represents the increase in net operating loss carry-forwards during the period offset against the valuation allowance. As of January 31, 2021, our estimated net operating loss carry-forward is approximately $32 million and expires beginning in 2026 through 2038, with no expiration date for our 2019 through 2021 net operating losses under the Tax Cuts and Jobs Act. Deferred tax assets were calculated using the Company’s effective tax rate, which it estimated to be 21%. The effective rate is reduced to 0% for 2021 and 2020 due to the full valuation allowance on its net deferred tax assets. We have identified our federal and Arizona state tax returns as “major” tax jurisdictions. The periods our income tax returns are subject to examination for these jurisdictions are the tax years ended January 31, 2018 through January 31, 2021. We believe our income tax filing positions and deductions will be sustained on audit, and we do not anticipate any adjustments that would result in a material change to our financial position. Therefore, no liabilities for uncertain income tax positions have been recorded. Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three-year period. Such limitation of the net operating losses may have occurred but we have not analyzed it at this time as the deferred tax asset is fully reserved. We have federal and state net operating loss carry-forwards that are available to offset future taxable income. |
Stockholders' Deficit
Stockholders' Deficit | 3 Months Ended |
Apr. 30, 2021 | |
Equity [Abstract] | |
Stockholders' Deficit | NOTE 9 – Stockholders’ deficit Common Stock Our undesignated common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared. On March 5, 2021, the Company issued 6,000 shares of its common stock to an accredited investor for the exercise of warrants for proceeds of $2,100, or $0.35 per common share. On March 26, 2021, the Company issued 17,006 shares of its common stock and 8,503 warrants to our CEO for gross proceeds of $20,000, for $1.176 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.646. In March 2021, the Company issued 49,412 shares of its common stock and 24,706 warrants to our CEO for gross proceeds of $55,000 for $1.113 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.558. On April 2, 2021, the Company issued 9,818 shares of its common stock and 4,909 warrants to an accredited investor for gross proceeds of $10,000, or $1.019 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.426. On April 23, 2021, the Company issued 15,049 of its common stock to a noteholder for the conversion of $12,000 of principal under the October 2020 Note, or $0.797 per share. On April 27, 2021, the Company issued 18,832 of its common stock to a noteholder for the conversion of $15,000 of principal under the October 2020 Note, or $0.797 per share. On April 30, 2021, the Company received proceeds of $20,000 from an investor for the purchase of 19,268 shares of its common stock and 9,634 warrants, at a price of $1.038 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.453. Reverse Stock Split On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the “Reverse Stock Split”). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company’s common stock began trading on a split-adjusted basis on February 25, 2021. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 6,150,000,000 shares of common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 12,300,000 shares of common stock. The Reverse Stock Split did not have any effect on the stated par value of the common stock. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 100,000,000 shares of Class A common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 200,000 shares of Class A common stock, with 102,000 shares of Class A common stock outstanding. As a result of the Reverse Stock Split, there was an adjustment of approximately 2,408 common shares due to the effect of rounding fractional shares into whole shares. The Reverse Stock Split did not have any effect on the stated par value of the Class A common stock. All references to common shares and common share data in these unaudited consolidated financial statements and elsewhere in this Form 10-Q as of April 30, 2021, and for the three months ended April 30, 2021 and 2020, reflect the Reverse Stock Split. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments and Contingencies | NOTE 10 – Commitments and contingencies Legal Matter On August 22, 2019 (and amended on December 23, 2019), the Company filed a complaint with the Superior Court of Arizona (Case No. C20194139), demanding the titles and possession of certain vehicles and equipment of the Company from our former CEO, as well as seeking recovery of damages from the former CEO in an amount of not less than $50,000. None of the vehicles and equipment, individually or in total, have any material net book value (being fully depreciated) as of April 30, 2021 or January 31, 2021. The matter is ongoing as of the date of this filing. On February 18, 2020, our former CEO and his spouse (the “Counterclaimants”) filed a First Amended Answer: First Amended Complaint and Counterclaim with the Superior Court of Arizona seeking dismissal of the Company’s complaint and reimbursement of Counterclaimants’ attorney fees incurred related to the matter. Additionally, the counterclaim alleges breach of contract by the Company and requests reimbursement of amounts loaned to the Company by our former CEO and his spouse, along with reimbursement of attorney fees. The Company believes these counterclaims are without merit and is aggressively defending them, and believes no unfavorable outcome or material effect on our consolidated financial statements will result. | NOTE 13 – Commitments and Contingencies We currently rent a storage space for $45 per month in Tombstone, Arizona on a month-to-month basis. We are required to pay annual rentals for Liberty Star’s federal lode mining claims for the Tombstone project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $165 per claim. The rentals due by September 1, 2021 for the period from September 1, 2021 through September 1, 2022 of $15,345 have not been paid yet, but we plan to pay when due. We are required to pay annual rentals for our Arizona State Land Department Mineral Exploration Permits (“AZ MEP”) at our Tombstone Hay Mountain project in the State of Arizona. AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years. The rental fee is $2.00 per acre for the first year, which includes the second year, and $1.00 per acre per year for years three through five. The minimum work expenditure requirements are $10 per acre per year for years one and two and $20 per acre per year for years three through five. If the minimum work expenditure requirement is not met the applicant can pay the equal amount in fees to the Arizona State Land Department to keep the AZ MEP permits current. The rental period begins on the date of acceptance for each permit. Rental payments are due by the first day of the rental period. We hold AZ MEP permits for 15,793.24 acres at our Tombstone project. We paid filing and rental fees for our AZ MEP’s before their respective due dates in the amount of $29,724. Legal Matter On August 22, 2019 (and amended on December 23, 2019), the Company filed a complaint with the Superior Court of Arizona (Case No. C20194139), demanding the titles and possession of certain vehicles and equipment of the Company from our former CEO, as well as seeking recovery of damages from the former CEO in an amount of not less than $50,000. None of the vehicles and equipment, individually or in total, have any material net book value (being fully depreciated) as of January 31, 2021 and 2020. The matter is ongoing as of the date of this filing. On February 18, 2020, our former CEO and his spouse (the “Counterclaimants”) filed a First Amended Answer: First Amended Complaint and Counterclaim with the Superior Court of Arizona seeking dismissal of the Company’s complaint and reimbursement of Counterclaimants’ |
Subsequent Events
Subsequent Events | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Subsequent Events [Abstract] | ||
Subsequent Events | NOTE 11 – Subsequent events In May 2021, the Company issued a total of 98,472 shares of its comm stock to a noteholder for the conversion of an aggregate of $69,900 of principal and accrued interest under the October 2020 Note, at prices ranging from $0.699 to $0.743 per share. On May 11, 2021, we issued a convertible note in the aggregate principal amount of $53,000 (the “May 2021 Note”). The note bears interest at 8%, matures on May 11, 2022, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. As of June 17, 2021, the Company extended all warrants issued by the Company which expired or will expire during the year 2021. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, including application of the reverse split effective on February 25, 2021. | NOTE 14 – Subsequent events On February 16, 2021, the Company received loan proceeds of $32,497 under the Payroll Protection Program (“PPP”). The PPP loan bears interest at 1%, has a 5-year term, and is due in equal monthly installments beginning December 16, 2021. In March 2021, the Company issued 6,000 shares of its common stock to an accredited investor for the exercise of warrants for proceeds of $2,100, or $0.35 per common share. In March 2021, the Company issued 17,006 shares of its common stock and 8,503 warrants to our CEO for gross proceeds of $20,000, for $1.176 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.646. In March 2021, the Company issued 49,412 shares of its common stock and 24,706 warrants to our CEO for gross proceeds of $55,000 for $1.113 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.558. In April 2021, the Company issued 9,818 shares of its common stock and 4,909 warrants to an accredited investor for gross proceeds of $10,000, or $1.019 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.426. In April 2021, we received net proceeds of $60,000 from the issuance of a convertible note dated April 23, 2021 (the “April 2021 Note”). The note bears interest at 8%, includes legal and due diligence fees of $3,000, matures on April 23, 2022, and is convertible after 180 days into shares of the Company’s common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. On April 23, 2021, the Company issued 15,049 of its common stock to a noteholder for the conversion of $12,000 of principal under the October 2020 Note, or $0.797 per share. On April 27, 2021, the Company issued 18,832 of its common stock to a noteholder for the conversion of $15,000 of principal under the October 2020 Note, or $0.797 per share. On April 30, 2021, the Company received proceeds of $20,000 from an investor for the purchase of 19,268 shares of its common stock and 9,634 warrants, at a price of $1.038 per unit. The warrants have a three-year term and are exercisable at any time at an exercise price of $1.453. These shares have not yet been issued as of the date of this filing. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Accounting Policies [Abstract] | ||
Reverse Stock Split | Reverse Stock Split On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the “Reverse Stock Split”). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company’s common stock began trading on a split-adjusted basis on February 25, 2021. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 6,150,000,000 shares of common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 12,300,000 shares of common stock. The Reverse Stock Split did not have any effect on the stated par value of the common stock. Prior to the effective date of the Certificate of Change, the Company was authorized to issue 100,000,000 shares of Class A common stock. As a result of the Reverse Stock Split, the Company is authorized to issue 200,000 shares of Class A common stock, with 102,000 shares of Class A common stock outstanding. As a result of the Reverse Stock Split, there was an adjustment of approximately 2,408 common shares due to the effect of rounding fractional shares into whole shares. The Reverse Stock Split did not have any effect on the stated par value of the Class A common stock. All references to common shares and common share data in these consolidated financial statements and elsewhere in this Form 10-K as of January 31, 2021 and 2020, and for the years then ended, reflect the Reverse Stock Split. | |
Use of Estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. | |
Principles of Consolidation | Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary HMH and the HMH wholly-owned subsidiaries Earp Ridge and Red Rock. All significant intercompany accounts and transactions have been eliminated upon consolidation. | |
Cash and Cash Equivalents | Cash and cash equivalents We consider cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. We maintain our cash in bank deposit accounts which, for periods of time, may exceed federally insured limits. At January 31, 2021 and 2020, we had no cash balances in bank deposit accounts that exceeded federally insured limits. | |
Mineral Claim Costs | Mineral claim costs We account for costs incurred to acquire, maintain and explore mineral properties as a charge to expense in the period incurred until the time that a proven mineral resource is established, at which point development of the mineral property would be capitalized. Currently, we do not have any proven mineral resources on any of our mineral properties. | |
Long-lived Assets and Impairment of Long-lived Assets | Long-lived assets and impairment of long-lived assets Property and equipment are stated at cost. We capitalize all purchased equipment over $500 with a useful life of more than one year. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are stated at cost and are amortized over their estimated useful lives or the lease term, whichever is shorter. Maintenance and repairs are expensed as incurred while betterments or renewals are capitalized. Property and equipment are reviewed periodically for impairment. The estimated useful lives range from 3 to 7 years. We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. | |
Convertible Promissory Notes | Convertible promissory notes We report convertible promissory notes as liabilities at their carrying value less unamortized discounts, which approximates fair value. We bifurcate conversion options and detachable common stock purchase warrants and report them as liabilities at fair value at each reporting period when required in accordance with the applicable accounting guidance. When convertible promissory notes are converted into shares of our common stock in accordance with the debt’s terms, no gain or loss is recognized. We account for inducements to convert as an expense in the period incurred, included in debt conversion expense. | |
Derivative Liabilities | Derivative liabilities The valuation of the derivative liability of our warrants is determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. | |
Common Stock Purchase Warrants | Common stock purchase warrants We report common stock purchase warrants as equity unless a condition exists which requires reporting as a derivative liability at fair market value. | |
Stock Based Compensation | Stock based compensation The Company recognizes stock-based compensation for all share-based payment awards made to employees and non-employees based on the estimated fair values of the stock or options. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option’s vesting periods, which approximates the service period. | |
Environmental Expenditures | Environmental expenditures Our operations have been and may in the future be affected from time to time in varying degree by changes in environmental regulations, including those for future removal and site restoration costs. The likelihood of new regulations and their overall effect upon us are not predictable. We provide for any reclamation costs in accordance with the accounting standards codification section 410-30. It is management’s opinion that we are not currently exposed to significant environmental and reclamation liabilities and have recorded no reserve for environmental and reclamation expenditures as of January 31, 2021 or 2020. | |
Fair Value | Fair Value ASC 820 Fair Value Measurements and Disclosures (“ASC 820”), defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measurements. It defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable. Valuations may be obtained from, or corroborated by, third-party pricing services. Level 3: Unobservable inputs to measure fair value of assets and liabilities for which there is little, if any market activity at the measurement date, using reasonable inputs and assumptions based upon the best information at the time, to the extent that inputs are available without undue cost and effort. Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2021 $ 290,293 - - $ 290,293 Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, convertible notes payable, and derivative liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the derivative liability are reported in other income (expense) as gain (loss) on change in fair value of derivative liability. | Fair value of financial instruments Our financial instruments consist of cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, convertible notes payable, notes payable, and derivative liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the warrant liability are reported in other income (expense) as gain (loss) on change in fair value. The Company measures and discloses certain financial assets and liabilities at fair value. Authoritative guidance defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - Warrant and convertible note derivative liability at January 31, 2020 $ - - - $ - |
Income Taxes | Income taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. With few exceptions, we are no longer subject to U.S. federal, state and local examinations by tax authorities for the tax year ended January 31, 2017 and prior. | |
Net Income (Loss) Per Share | Net income (loss) per share Basic net income (loss) per share is computed by dividing net loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share takes into consideration shares of common stock outstanding (computed under basic income or loss per share) and potentially dilutive shares of common stock that are not anti-dilutive. For the years ended January 31, 2021 and 2020, the following number of potentially dilutive shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive: Year Ended January 31, 2021 2020 Stock options outstanding 146,000 177,000 Warrants 400,166 363,416 Shares to be issued upon conversion of notes payable 113,034 603,810 Total 659,200 1,144,226 | |
Newly Issued Accounting Pronouncements | Newly Issued Accounting Pronouncements There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on the Company’s financial position, operations or cash flows. Management has evaluated these new pronouncements through January 31, 2021. All other accounting standards updates that have been issued or proposed by the FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Accounting Policies [Abstract] | ||
Schedule of Fair Value of Financial Instruments | Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at April 30, 2021 $ 290,293 - - $ 290,293 Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - | Fair value measurements at reporting date using: Description Fair Value Quoted prices in Significant Significant Warrant and convertible note derivative liability at January 31, 2021 $ - - - $ - Warrant and convertible note derivative liability at January 31, 2020 $ - - - $ - |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | For the years ended January 31, 2021 and 2020, the following number of potentially dilutive shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive: Year Ended January 31, 2021 2020 Stock options outstanding 146,000 177,000 Warrants 400,166 363,416 Shares to be issued upon conversion of notes payable 113,034 603,810 Total 659,200 1,144,226 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Jan. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | The balances of our major classes of depreciable assets and useful lives are: January 31, 2021 January 31, 2020 Geology Equipment (3 to 7 years) $ 315,052 $ 315,052 Vehicles and transportation equipment (5 years) 48,592 48,592 Office furniture and equipment (3 to 7 years) 71,584 71,584 435,228 435,228 Less: accumulated depreciation (401,672 ) (395,336 ) $ 33,556 $ 39,892 |
Stock Options (Tables)
Stock Options (Tables) | 3 Months Ended |
Apr. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Stock Options Activity | Qualified and Non-qualified incentive stock options outstanding at April 30, 2021 are as follows: Weighted Number of exercise Options price per share Outstanding, January 31, 2021 146,000 $ 3.019 Granted - - Expired - - Exercised - - Outstanding, April 30, 2021 146,000 $ 3.019 Exercisable, April 30, 2021 146,000 $ 3.019 |
Warrants (Tables)
Warrants (Tables) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Warrants and Rights Note Disclosure [Abstract] | ||
Schedule of Stock Warrants Outstanding | Stock warrants outstanding at April 30, 2021 are as follows: Weighted average Number of exercise Outstanding, January 31, 2021 400,166 $ 2.155 Issued 55,115 1.524 Expired - - Exercised (6,000 ) 0.350 Outstanding, April 30, 2021 449,281 $ 2.101 Exercisable, April 30, 2021 449,281 $ 2.101 | As of January 31, 2021, there were 400,166 warrants outstanding and exercisable. The warrants have a three-year term, a weighted average remaining life of 1.23 years and a weighted average exercise price of $2.155 per warrant for one common share. Warrants outstanding at January 31, 2021 and 2020 are as follows: Number Weighted Outstanding, January 31, 2019 308,829 2.586 Issued 64,337 0.769 Expired - - Exercised - - Outstanding, January 31, 2020 373,166 2.273 Issued 27,000 0.522 Expired - - Exercised - - Outstanding, January 31, 2021 400,166 2.155 Exercisable, January 31, 2021 400,166 2.155 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Schedule of Changes in Fair Value of Derivative Liabilities | The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Three months ended April 30, 2021 2020 Beginning balance $ - $ - Total gains (50,652 ) (55,036 ) Settlements (17,406 ) (106,514 ) Additions recognized as debt discount 64,823 107,000 Additions due to tainted warrants 293,528 189,472 Ending balance $ 290,293 $ 134,922 Change in unrealized gain included in earnings relating to derivatives $ (50,652 ) $ (55,036 ) | The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Year Ended January 31, 2021 2020 Beginning balance $ - $ 58,656 Total gains (205 ) (108,543 ) Settlements (329,267 ) (372,119 ) Additions recognized as debt discount 140,000 100,000 Additions due to tainted warrants 189,472 322,006 Ending balance $ - $ - Change in unrealized gains included in earnings relating to derivatives as of January 31, 2021 and 2020 $ (205 ) $ (108,543 ) |
Long-term Debt and Convertibl_2
Long-term Debt and Convertible Promissory Notes (Tables) | 3 Months Ended | 12 Months Ended |
Apr. 30, 2021 | Jan. 31, 2021 | |
Debt Disclosure [Abstract] | ||
Summary of Convertible Promissory Notes | Following is a summary of convertible promissory notes: April 30, 2021 January 31, 2021 8% convertible note payable issued October 2020, due September 2021 $ 72,546 $ 95,611 8% convertible note payable issued April 2021, due April 2022 63,055 - 135,601 95,611 Less debt discount (51,425 ) (7,642 ) Less current portion of convertible notes (84,176 ) (87,969 ) Long-term convertible notes payable $ - $ - | Following is a summary of convertible promissory notes: January 31, 2021 January 31, 2020 8% convertible note payable issued August 2019, due May 2020 $ - $ 79,886 8% convertible note payable issued October 2019, due August 2020 - 48,347 8% convertible note payable issued January 2020, due November 2020 - 39,635 8% convertible note payable issued October 2020, due September 2021 95,611 - 95,611 167,868 Less debt discount (7,642 ) (15,364 ) Less current portion of convertible notes (87,969 ) (152,504 ) Long-term convertible notes payable $ - $ - |
Share-based Compensation (Table
Share-based Compensation (Tables) | 12 Months Ended |
Jan. 31, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Stock Options Activity | The following tables summarize the Company’s stock option activity during the years ended January 31, 2021 and 2020: Number of Weighted Weighted Aggregate Outstanding, January 31, 2019 180,760 $ 16.378 2.56 $ - Granted 120,000 1.500 Cancelled and/or forfeited (123,760 ) 17.054 Exercised - - Outstanding, January 31, 2020 177,000 $ 5.818 7.20 $ - Granted - - Cancelled and/or forfeited (31,000 ) 19.000 Exercised - - Outstanding, January 31, 2021 146,000 $ 3.019 7.61 $ - Exercisable, January 31, 2021 146,000 $ 3.019 7.61 $ - |
Schedule of Share-based Compensation Expense | Share-based compensation expense is reported in our consolidated statements of operations as follows: January 31, 2021 January 31, 2020 Geological and geophysical costs $ - $ - Salaries and benefits - 80,421 Investor relations - - General and administrative - - $ - $ 80,421 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jan. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Asset | As of January 31, our deferred tax asset is as follows: January 31, 2021 January 31, 2020 Deferred Tax Assets $ 6,783,000 $ 6,641,000 Less Valuation Allowance (6,783,000 ) (6,641,000 ) $ - $ - |
Basis of Presentation (Details
Basis of Presentation (Details Narrative) - shares | 3 Months Ended | 12 Months Ended | ||||||
Apr. 30, 2021 | Mar. 31, 2021 | Jan. 31, 2021 | Feb. 24, 2021 | Nov. 24, 2020 | Nov. 23, 2020 | Jun. 22, 2020 | Jan. 31, 2020 | |
Reverse stock split description | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company's common stock began trading on a split-adjusted basis on February 25, 2021. | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | |||||
Common stock, shares authorized | 12,300,000 | 12,300,000 | 12,300,000 | 6,150,000,000 | 12,500,000 | |||
Common stock, shares outstanding | 10,052,163 | 9,902,052 | 9,116,725 | |||||
Class A Common Stock [Member] | ||||||||
Common stock, shares authorized | 200,000 | 0 | 200,000 | 100,000,000 | 200,000 | 0 | ||
Common stock, shares outstanding | 102,000 | 0 | 51,000,000 | 102,000 | 0 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Details) - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Warrant and convertible note derivative liability | $ 290,293 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 2 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 3 [Member] | |||
Warrant and convertible note derivative liability | $ 290,293 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details Narrative) (10-K) - USD ($) | Nov. 24, 2020 | Apr. 30, 2021 | Mar. 31, 2021 | Jan. 31, 2021 | Nov. 23, 2020 | Jan. 31, 2020 |
Reverse stock split description | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company's common stock began trading on a split-adjusted basis on February 25, 2021. | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | |||
Common stock, shares authorized | 12,300,000 | 12,300,000 | 12,300,000 | 6,150,000,000 | 12,500,000 | |
Common stock, shares outstanding | 10,052,163 | 9,902,052 | 9,116,725 | |||
Cash balances in bank deposit accounts | ||||||
Purchase of equipment | $ 500 | |||||
Property and equipment useful life, description | Useful life of more than one year | |||||
Minimum [Member] | ||||||
Property and equipment useful life | 3 years | |||||
Maximum [Member] | ||||||
Property and equipment useful life | 7 years | |||||
Class A Common Stock [Member] | ||||||
Common stock, shares authorized | 200,000 | 100,000,000 | ||||
Common stock, shares outstanding | 102,000 | |||||
Share issued for rounding from reverse stock split | 2,408 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Details) (10-K) - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Warrant and convertible note derivative liability | $ 290,293 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 2 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 3 [Member] | |||
Warrant and convertible note derivative liability | $ 290,293 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) (10-K) - shares | 12 Months Ended | |
Jan. 31, 2021 | Jan. 31, 2020 | |
Antidilutive securities excluded from computation of earnings per share | 659,200 | 1,144,226 |
Stock Options Outstanding [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 146,000 | 177,000 |
Warrants [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 400,166 | 363,416 |
Shares to be Issued Upon Conversion of Notes Payable [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 113,034 | 603,810 |
Mineral Claims (Details Narrati
Mineral Claims (Details Narrative) (10-K) - Tombstone Region of Arizona [Member] | Jan. 31, 2021a |
Mineral claims, interest rate | 100.00% |
Mineral exploration area | 15,793.24 |
Property and Equipment (Details
Property and Equipment (Details Narrative) (10-K) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation expense | $ 1,458 | $ 1,674 | $ 6,336 | $ 2,684 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Property and Equipment (Details) (10-K) - USD ($) | 12 Months Ended | ||
Jan. 31, 2021 | Apr. 30, 2021 | Jan. 31, 2020 | |
Property and equipment, gross | $ 435,228 | $ 435,228 | |
Less: accumulated depreciation and amortization | (401,672) | (395,336) | |
Property and equipment | $ 33,556 | $ 32,097 | 39,892 |
Minimum [Member] | |||
Property and equipment useful life | 3 years | ||
Maximum [Member] | |||
Property and equipment useful life | 7 years | ||
Geology Equipment [Member] | |||
Property and equipment, gross | $ 315,052 | 315,052 | |
Geology Equipment [Member] | Minimum [Member] | |||
Property and equipment useful life | 3 years | ||
Geology Equipment [Member] | Maximum [Member] | |||
Property and equipment useful life | 7 years | ||
Vehicles and Transportation Equipment [Member] | |||
Property and equipment, gross | $ 48,592 | 48,592 | |
Property and equipment useful life | 5 years | ||
Office Furniture and Equipment [Member] | |||
Property and equipment, gross | $ 71,584 | $ 71,584 | |
Office Furniture and Equipment [Member] | Minimum [Member] | |||
Property and equipment useful life | 3 years | ||
Office Furniture and Equipment [Member] | Maximum [Member] | |||
Property and equipment useful life | 7 years |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Sep. 17, 2018 | Apr. 30, 2021 | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Related Party Transaction [Line Items] | |||||
Due to related party | $ 298,064 | $ 298,064 | $ 283,271 | ||
Advances from related party | 314,742 | 314,742 | 301,077 | $ 101,631 | |
Notes payable to related party | 298,064 | 298,064 | 283,271 | 166,560 | |
Accrued interest | 42,152 | 42,152 | 36,070 | 14,828 | |
Accrued unpaid wages | 811,711 | 811,711 | 811,711 | 811,711 | |
James Briscoe [Member] | |||||
Related Party Transaction [Line Items] | |||||
Debt instrument, interest rate | 10.00% | ||||
Debt instrument, maturity date | Sep. 17, 2019 | ||||
Notes payable to related party | $ 10,000 | ||||
Accrued unpaid wages | 759,949 | 759,949 | 759,949 | 759,949 | |
James Briscoe [Member] | Accounts Payable and Accrued Liabilities [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | 167,000 | 167,000 | 167,000 | ||
James Briscoe [Member] | Accounts Payable [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | 34,798 | 34,798 | 34,798 | ||
Former President [Member] | |||||
Related Party Transaction [Line Items] | |||||
Accrued unpaid wages | 15,625 | 15,625 | 15,625 | ||
Patricia Madaris, CFO [Member] | |||||
Related Party Transaction [Line Items] | |||||
Accrued unpaid wages | 36,137 | 36,137 | 36,137 | ||
Spouse of James Briscoe [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | 16,321 | 16,321 | $ 16,321 | $ 16,321 | |
Promissory Note [Member] | James Briscoe [Member] | |||||
Related Party Transaction [Line Items] | |||||
Debt instrument, interest rate | 10.00% | ||||
Debt instrument, maturity date | Sep. 17, 2018 | ||||
CEO [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | 161,977 | 161,977 | |||
Advances from related party | 62,000 | 62,000 | |||
Director [Member] | Promissory Note [Member] | |||||
Related Party Transaction [Line Items] | |||||
Debt instrument, interest rate | 10.00% | ||||
Increase in debt principal amount | 5,000 | ||||
Two Directors [Member] | Promissory Note [Member] | |||||
Related Party Transaction [Line Items] | |||||
Due to related party | $ 285,448 | $ 285,448 | $ 270,898 | ||
Debt instrument, maturity date | Jul. 31, 2021 | Oct. 31, 2020 |
Related Party Transactions (D_2
Related Party Transactions (Details Narrative) (10-K) - USD ($) | Mar. 26, 2021 | Sep. 17, 2018 | Apr. 30, 2021 | Jun. 30, 2020 | Oct. 31, 2019 | Jul. 31, 2019 | Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 |
Related Party Transaction [Line Items] | ||||||||||
Compensation for services | ||||||||||
Due to related party | $ 298,064 | $ 298,064 | 283,271 | |||||||
Advances from related party | $ 301,077 | 101,631 | ||||||||
Number of common stock issued | 36,000 | |||||||||
Shares issued price | $ 0.350 | |||||||||
Proceeds from promissory notes | 32,497 | $ 62,974 | 10,000 | |||||||
Notes payable to related party | 298,064 | 298,064 | 283,271 | 166,560 | ||||||
Accrued interest | 42,152 | 42,152 | 36,070 | 14,828 | ||||||
Accrued unpaid wages | 811,711 | 811,711 | 811,711 | 811,711 | ||||||
Accounts payable | 51,119 | 51,119 | 51,119 | 51,119 | ||||||
Net proceeds from issuance of common stock | $ 105,000 | $ 20,599 | $ 35,599 | $ 60,000 | ||||||
Warrant exercise price per share | $ 0.8100 | |||||||||
Number of option issued | 120,000 | |||||||||
Options exercise price per share | $ 1.500 | |||||||||
January 31, 2019 until September 1, 2019 [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Monthly payment of rent | $ 4,650 | |||||||||
Two Promissory Notes [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument, description | Total principal maturities under these two notes are $106,302 due October 31, 2020 (extended from October 31, 2019) and $35,430 due October 31, 2020 (extended from January 31, 2020). | |||||||||
Promissory Note One [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument, maturity date | Oct. 31, 2020 | |||||||||
Debt maturity due amount | $ 106,302 | |||||||||
Promissory Note Two [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument, maturity date | Jan. 31, 2020 | |||||||||
Debt maturity due amount | $ 35,430 | |||||||||
CEO [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Due to related party | 161,977 | $ 161,977 | ||||||||
Shares issued price | $ 1.176 | |||||||||
Issuance of common stock, shares | 17,006 | |||||||||
Warrant issued | 8,503 | |||||||||
Warrants terms | 3 years | |||||||||
Warrant exercise price per share | $ 1.646 | |||||||||
Director [Member] | Promissory Note [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument interest rate | 10.00% | |||||||||
Proceeds from promissory notes | $ 120,000 | |||||||||
Two Directors [Member] | Promissory Note [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Due to related party | $ 285,448 | 285,448 | $ 270,898 | |||||||
Debt instrument, maturity date | Jul. 31, 2021 | Oct. 31, 2020 | ||||||||
Two Directors [Member] | Promissory Note [Member] | Extended Maturity [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument, maturity date | Jul. 31, 2021 | |||||||||
Investor [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Shares issued price | $ 0.579 | |||||||||
Issuance of common stock, shares | 86,430 | |||||||||
Warrant issued | 43,215 | |||||||||
Net proceeds from issuance of common stock | $ 50,000 | |||||||||
Warrants terms | 3 years | |||||||||
Warrant exercise price per share | $ 0.579 | |||||||||
Four New Directors [Member] | Non-qualified Incentive Stock Options [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Number of option issued | 120,000 | 120,000 | ||||||||
Stock option vesting periods | 10 years | 10 years | ||||||||
Options exercise price per share | $ 1.500 | $ 1.500 | ||||||||
Stock based compensation | 80,421 | |||||||||
Class A Common Stock [Member] | CEO [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Advances from related party | $ 24,531 | |||||||||
Number of common stock issued | $ 51,000 | |||||||||
Shares issued price | $ 0.481 | |||||||||
Class A Common Stock [Member] | Director [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Advances from related party | $ 24,531 | |||||||||
Number of common stock issued | $ 51,000 | |||||||||
Shares issued price | $ 0.481 | |||||||||
Brett Gross, CFO [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Due to related party | $ 161,977 | |||||||||
Advances from related party | 62,000 | |||||||||
James Briscoe [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument interest rate | 10.00% | |||||||||
Debt instrument, maturity date | Sep. 17, 2019 | |||||||||
Notes payable to related party | $ 10,000 | |||||||||
Accrued unpaid wages | $ 759,949 | 759,949 | $ 759,949 | $ 759,949 | ||||||
James Briscoe [Member] | September 17, 2018 [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument interest rate | 10.00% | |||||||||
Debt instrument, maturity date | Sep. 17, 2019 | |||||||||
Notes payable to related party | $ 10,000 | |||||||||
James Briscoe [Member] | Promissory Note [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument interest rate | 10.00% | |||||||||
Proceeds from promissory notes | $ 10,000 | |||||||||
Debt instrument, maturity date | Sep. 17, 2018 | |||||||||
Former President [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Accrued unpaid wages | 15,625 | 15,625 | $ 15,625 | |||||||
Patricia Madaris, CFO [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Accrued unpaid wages | 36,137 | |||||||||
Spouse of James Briscoe [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Due to related party | $ 16,321 | $ 16,321 | 16,321 | 16,321 | ||||||
Due to related party on credit cards guaranteed | 167,000 | 167,000 | ||||||||
Unpaid rent | 2,610 | 2,610 | ||||||||
JABA [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Accounts payable | $ 34,798 | $ 34,798 | ||||||||
Two Directors [Member] | Two Promissory [Member] | ||||||||||
Related Party Transaction [Line Items] | ||||||||||
Debt instrument interest rate | 10.00% | |||||||||
Advances from a director | $ 48,500 |
Stock Options (Details Narrativ
Stock Options (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | Jan. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |||||
Weighted average remaining life, stock options | 7 years 4 months 13 days | 7 years 2 months 12 days | 2 years 6 months 21 days | ||
Stock options, aggregate intrinsic value | $ 0 | ||||
Compensation expense | $ 0 | $ 0 |
Stock Options - Schedule of Sto
Stock Options - Schedule of Stock Options Activity (Details) - $ / shares | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | |
Share-based Payment Arrangement [Abstract] | |||
Number of options, Outstanding | 146,000 | 177,000 | 180,760 |
Number of options, Granted | 120,000 | ||
Number of options, Expired | |||
Number of options, Exercised | |||
Number of options, Outstanding | 146,000 | 146,000 | 177,000 |
Number of options, Exercisable | 146,000 | 146,000 | |
Weighted average exercise price per share, Outstanding | $ 3.019 | $ 5.818 | $ 16.368 |
Weighted average exercise price per share, Granted | 1.500 | ||
Weighted average exercise price per share, Expired | |||
Weighted average exercise price per share, Exercised | |||
Weighted average exercise price per share, Outstanding | 3.019 | 3.019 | $ 5.818 |
Weighted average exercise price per share, Exercisable | $ 3.019 | $ 3.019 |
Warrants (Details Narrative)
Warrants (Details Narrative) - USD ($) | Jul. 17, 2021 | Apr. 30, 2021 | Jan. 31, 2021 | Apr. 30, 2020 | Jul. 31, 2019 |
Warrants [Line Items] | |||||
Share purchase warrants outstanding and exercisable | 449,281 | ||||
Warrants weighted average remaining life | 2 years 1 month 6 days | ||||
Weighted average exercise price of warrant | $ 2.101 | ||||
Weighted average intrinsic value for warrants outstanding | $ 40,764 | ||||
Warrant exercise price per share | $ 0.8100 | ||||
Warrant [Member] | |||||
Warrants [Line Items] | |||||
Weighted average exercise price of warrant | $ 2.101 | ||||
Subsequent Event [Member] | Warrant [Member] | |||||
Warrants [Line Items] | |||||
Warrant expiration term description | The Company extended all warrants issued by the Company which expired or will expire during the year 2021. These warrants are extended for an additional three years. All other terms of the warrants remain unchanged, including application of the reverse split effective on February 25, 2021. | ||||
Minimum [Member] | |||||
Warrants [Line Items] | |||||
Warrant exercise price per share | 0.400 | ||||
Maximum [Member] | |||||
Warrants [Line Items] | |||||
Warrant exercise price per share | $ 0.550 | ||||
Investor [Member] | |||||
Warrants [Line Items] | |||||
Number of warrants issued | 55,115 | ||||
Warrants terms | 3 years | ||||
Investor [Member] | Subsequent Event [Member] | |||||
Warrants [Line Items] | |||||
Number of warrants issued | 4,909 | ||||
Warrants terms | 3 years | ||||
Warrant exercise price per share | $ 1.426 | ||||
Investor [Member] | Minimum [Member] | |||||
Warrants [Line Items] | |||||
Warrant exercise price per share | $ 1.426 | ||||
Investor [Member] | Maximum [Member] | |||||
Warrants [Line Items] | |||||
Warrant exercise price per share | $ 1.646 |
Warrants - Schedule of Stock Wa
Warrants - Schedule of Stock Warrants Outstanding (Details) - Warrant [Member] | 3 Months Ended |
Apr. 30, 2021$ / sharesshares | |
Warrants [Line Items] | |
Number of warrants, Outstanding | shares | 400,166 |
Number of warrants, Issued | shares | 55,115 |
Number of warrants, Expired | shares | |
Number of warrants, Exercised | shares | (6,000) |
Number of warrants, Outstanding | shares | 449,281 |
Number of warrants, Exercisable | shares | 449,281 |
Weighted average exercise price, Outstanding | $ / shares | $ 2.155 |
Weighted average exercise price, Issued | $ / shares | 1.524 |
Weighted average exercise price, Expired | $ / shares | |
Weighted average exercise price, Exercised | $ / shares | 0.350 |
Weighted average exercise price, Outstanding | $ / shares | 2.101 |
Weighted average exercise price, Exercisable | $ / shares | $ 2.101 |
Derivative Liabilities (Details
Derivative Liabilities (Details Narrative) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021USD ($) | Apr. 30, 2020USD ($) | Jan. 31, 2021USD ($) | Jan. 31, 2020USD ($) | |
Unamortized debt discount | $ 3,000 | $ 0 | $ 11,500 | $ 29,900 |
Derivative Liability [Member] | ||||
Conversion note description | Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | ||
Percentage of exercise price for warrant, description | The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | ||
Derivative loss | $ 0 | $ 19,375 | ||
Amortization of debt discount | 64,823 | 140,000 | ||
Interest expense | 21,725 | 140,000 | ||
Unamortized debt discount | 0 | |||
Reclassification of derivative liability to equity | 0 | 0 | 234,650 | |
Reclassification due to conversion of convertible notes | 17,406 | 106,514 | 137,469 | |
Gain on derivative liability | 50,652 | $ 55,036 | 205 | $ 108,543 |
Derivative Liability [Member] | Convertible Debt [Member] | ||||
Derivative liabilities | 64,823 | 159,375 | ||
Derivative Liability [Member] | Warrant [Member] | ||||
Derivative liabilities | $ 293,528 | $ 189,472 | ||
Measurement Input, Price Volatility [Member] | Minimum [Member] | ||||
Fair value assumptions, measurement input, percentages | 197.3 | 193.9 | ||
Measurement Input, Price Volatility [Member] | Maximum [Member] | ||||
Fair value assumptions, measurement input, percentages | 211.4 | 257.8 |
Derivative Liabilities - Schedu
Derivative Liabilities - Schedule of Changes in Fair Value of Derivative Liabilities (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Beginning balance | $ 58,656 | |||
Total gains | (50,652) | (55,036) | (205) | (108,543) |
Settlements | (17,406) | (106,514) | (329,267) | (372,119) |
Additions recognized as debt discount | 64,823 | 107,000 | 140,000 | 100,000 |
Additions due to tainted warrants | 293,528 | 189,472 | 189,472 | 322,006 |
Ending balance | 290,293 | 134,922 | ||
Change in unrealized gain included in earnings relating to derivatives | $ (50,652) | $ (55,036) | $ (205) | $ (108,543) |
Derivative Liabilities (Detai_2
Derivative Liabilities (Details Narrative) (10-K) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021USD ($) | Apr. 30, 2020USD ($) | Jan. 31, 2021USD ($) | Jan. 31, 2020USD ($) | |
Unamortized debt discount | $ 3,000 | $ 0 | $ 11,500 | $ 29,900 |
Derivative Liability [Member] | ||||
Conversion note description | Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | ||
Percentage of exercise price for warrant, description | The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. | ||
Derivative loss | $ 0 | $ 19,375 | ||
Amortization of debt discount | 64,823 | 140,000 | ||
Interest expense | 21,725 | 140,000 | ||
Unamortized debt discount | 0 | |||
Reclassification of derivative liability to equity | 0 | 0 | 234,650 | |
Reclassification due to conversion of convertible notes | 17,406 | 106,514 | 137,469 | |
Gain on derivative liability | 50,652 | $ 55,036 | 205 | $ 108,543 |
Derivative Liability [Member] | Convertible Debt [Member] | ||||
Derivative liabilities | 64,823 | 159,375 | ||
Derivative Liability [Member] | Warrant [Member] | ||||
Derivative liabilities | $ 293,528 | 189,472 | ||
Derivative Liability One [Member] | ||||
Derivative loss | 23,057 | |||
Amortization of debt discount | 100,000 | |||
Interest expense | 100,000 | |||
Unamortized debt discount | 0 | |||
Derivative Liability One [Member] | Convertible Debt [Member] | ||||
Derivative liabilities | 123,057 | |||
Derivative Liability One [Member] | Warrant [Member] | ||||
Derivative liabilities | 322,006 | |||
Derivative Liability Two [Member] | Convertible Debt [Member] | ||||
Derivative liabilities | 139,749 | |||
Derivative Liability Two [Member] | Warrant [Member] | ||||
Derivative liabilities | $ 189,518 | |||
Measurement Input, Price Volatility [Member] | Minimum [Member] | ||||
Fair value assumptions, measurement input, percentages | 197.3 | 193.9 | ||
Measurement Input, Price Volatility [Member] | Maximum [Member] | ||||
Fair value assumptions, measurement input, percentages | 211.4 | 257.8 |
Derivative Liabilities - Sche_2
Derivative Liabilities - Schedule of Changes in Fair Value of Derivative Liabilities (Details) (10-K) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Beginning balance | $ 58,656 | |||
Total gains | (50,652) | (55,036) | (205) | (108,543) |
Settlements | (17,406) | (106,514) | (329,267) | (372,119) |
Additions recognized as debt discount | 64,823 | 107,000 | 140,000 | 100,000 |
Additions due to tainted warrants | 293,528 | 189,472 | 189,472 | 322,006 |
Ending balance | 290,293 | 134,922 | ||
Change in unrealized gains included in earnings relating to derivatives as of January 31, 2021 and 2020 | $ (50,652) | $ (55,036) | $ (205) | $ (108,543) |
Common Stock (Details Narrative
Common Stock (Details Narrative) (10-K) - USD ($) | Nov. 24, 2020 | Jun. 30, 2020 | Jun. 22, 2020 | Jan. 08, 2020 | Nov. 19, 2019 | Apr. 30, 2021 | Jan. 31, 2021 | Jul. 31, 2019 | Apr. 30, 2021 | Mar. 31, 2021 | Apr. 30, 2020 | Jan. 31, 2021 | Jan. 31, 2020 | Feb. 24, 2021 | Nov. 23, 2020 |
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 | $ 0.00001 | $ 0.00001 | ||||||||||
Common stock, shares authorized | 12,300,000 | 12,300,000 | 12,300,000 | 12,300,000 | 12,300,000 | 12,500,000 | 6,150,000,000 | ||||||||
Shares issued, exercise price per share | $ 0.350 | $ 0.350 | |||||||||||||
Reverse stock split description | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company's common stock began trading on a split-adjusted basis on February 25, 2021. | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | ||||||||||||
Common stock, shares outstanding | 10,052,163 | 9,902,052 | 10,052,163 | 9,902,052 | 9,116,725 | ||||||||||
Proceeds from warrants exercise | $ 2,100 | ||||||||||||||
Warrant exercise price per share | $ 0.8100 | ||||||||||||||
Shares issued for services | $ 50,000 | ||||||||||||||
Proceeds from the issuance of common stock | $ 105,000 | $ 20,599 | 35,599 | $ 60,000 | |||||||||||
Gain on settlement of accounts payable | 177,000 | ||||||||||||||
Debt instrument consideration received | 10,000 | ||||||||||||||
Settlement notes payable amount | 10,000 | ||||||||||||||
Accrued interest | $ 699 | ||||||||||||||
Common Stock [Member] | |||||||||||||||
Share issued for rounding from reverse stock split | 2,408 | ||||||||||||||
Number of common stock shares issued | 60,000 | ||||||||||||||
Shares issued for services, shares | 142,857 | ||||||||||||||
Shares issued for services | $ 1 | ||||||||||||||
Common Stock [Member] | Subsequent Event [Member] | |||||||||||||||
Proceeds from the issuance of common stock | $ 15,000 | ||||||||||||||
Minimum [Member] | |||||||||||||||
Warrant exercise price per share | $ 0.400 | $ 0.400 | |||||||||||||
Maximum [Member] | |||||||||||||||
Warrant exercise price per share | 0.550 | $ 0.550 | |||||||||||||
Convertible Notes Payable [Member] | |||||||||||||||
Number of common stock shares issued in conversion | 586,062 | 781,622 | |||||||||||||
Number of common stock shares issued in conversion, value | $ 169,860 | $ 131,954 | |||||||||||||
Convertible Notes Payable [Member] | Minimum [Member] | |||||||||||||||
Conversion exercise price per share | 0.225 | $ 0.225 | $ 0.055 | ||||||||||||
Convertible Notes Payable [Member] | Maximum [Member] | |||||||||||||||
Conversion exercise price per share | $ 0.420 | $ 0.420 | 0.390 | ||||||||||||
Two Investors [Member] | |||||||||||||||
Number of common stock shares issued | 54,000 | ||||||||||||||
Number of warrants issued | 27,000 | 27,000 | |||||||||||||
Proceeds from warrants exercise | $ 20,599 | ||||||||||||||
Warrants term | 3 years | 3 years | |||||||||||||
Two Investors [Member] | Minimum [Member] | |||||||||||||||
Warrant exercise price per share | $ 0.300 | $ 0.300 | |||||||||||||
Two Investors [Member] | Maximum [Member] | |||||||||||||||
Warrant exercise price per share | 0.400 | 0.400 | |||||||||||||
Consultant [Member] | |||||||||||||||
Shares issued, exercise price per share | $ 0.350 | $ 0.350 | |||||||||||||
Shares issued for services, shares | 142,857 | ||||||||||||||
Shares issued for services | $ 50,000 | ||||||||||||||
Consultant [Member] | Accounts Payable [Member] | |||||||||||||||
Shares issued for services, shares | 48,485 | ||||||||||||||
Shares issued for services | $ 44,000 | ||||||||||||||
Increase in accounts payable | 44,000 | ||||||||||||||
Repayments of debt | 4,000 | ||||||||||||||
Accounts payable outstanding | $ 36,400 | 36,400 | |||||||||||||
Long-term accounts payable | $ 20,300 | $ 20,300 | |||||||||||||
Consultant [Member] | Accounts Payable [Member] | Twelve Months [Member] | |||||||||||||||
Repayments of debt | 600 | ||||||||||||||
Consultant [Member] | Accounts Payable [Member] | Following Twelve Months [Member] | |||||||||||||||
Repayments of debt | 1,500 | ||||||||||||||
Consultant [Member] | Accounts Payable [Member] | Month There After [Member] | |||||||||||||||
Repayments of debt | $ 2,500 | ||||||||||||||
Chairman of the Board [Member] | |||||||||||||||
Number of common stock shares issued | 14,726 | ||||||||||||||
Number of warrants issued | 7,363 | 7,363 | |||||||||||||
Warrant exercise price per share | $ 1.019 | $ 1.019 | |||||||||||||
Warrants term | 3 years | 3 years | |||||||||||||
Proceeds from the issuance of common stock | $ 15,000 | ||||||||||||||
Sale of stock price | $ 1.019 | $ 1.019 | |||||||||||||
Investor [Member] | |||||||||||||||
Shares issued, exercise price per share | $ 0.579 | ||||||||||||||
Number of common stock shares issued | 86,430 | ||||||||||||||
Number of warrants issued | 43,215 | ||||||||||||||
Proceeds from warrants exercise | $ 50,000 | ||||||||||||||
Warrant exercise price per share | $ 0.579 | ||||||||||||||
Warrants term | 3 years | ||||||||||||||
Shares issued for services, shares | 60,000 | ||||||||||||||
Shares issued for services | $ 213,000 | ||||||||||||||
Proceeds from the issuance of common stock | 50,000 | ||||||||||||||
Gain on settlement of accounts payable | $ 177,000 | ||||||||||||||
Warrant exercise price description | The warrants have a three-year term and are exercisable at any time at an exercise price of $0.810. | ||||||||||||||
Noteholder [Member] | Private Placement [Member] | |||||||||||||||
Common stock shares sold | 42,243 | ||||||||||||||
Common stock shares sold value | $ 20,699 | ||||||||||||||
Sale of stock price | $ 0.490 | ||||||||||||||
Class A Common Stock [Member] | |||||||||||||||
Common stock, par value | $ 0.00001 | $ 0.00001 | $ 0.00001 | $ 0.00001 | $ 0.00001 | $ 0.00001 | |||||||||
Common stock, shares authorized | 200,000 | 200,000 | 200,000 | 0 | 200,000 | 0 | 0 | 100,000,000 | |||||||
Voting rights | The terms of the Class A Shares include 200-1 voting rights in addition to the rights held by common stockholders. | ||||||||||||||
Common stock, shares outstanding | 102,000 | 102,000 | 0 | 102,000 | 0 | 0 | 51,000,000 | ||||||||
Class A Common Stock [Member] | Two Directors [Member] | |||||||||||||||
Number of common stock shares issued in conversion | 102,000 | ||||||||||||||
Number of common stock shares issued in conversion, value | $ 49,062 | ||||||||||||||
Shares issued, exercise price per share | $ 0.481 | ||||||||||||||
Class A Common Stock [Member] | |||||||||||||||
Common stock, shares authorized | 200,000 | 100,000,000 | |||||||||||||
Common stock, shares outstanding | 102,000 | ||||||||||||||
Share issued for rounding from reverse stock split | 2,408 |
Long-term Debt and Convertibl_3
Long-term Debt and Convertible Promissory Notes (Details Narrative) | Apr. 27, 2021USD ($)shares | Apr. 26, 2021USD ($)TradingInteger | Apr. 23, 2021USD ($)shares | Feb. 16, 2021USD ($) | Oct. 28, 2020USD ($)Trading | Jun. 22, 2020USD ($) | Apr. 30, 2021USD ($)shares | Apr. 30, 2020USD ($) | Jan. 31, 2021USD ($) | Jan. 31, 2020USD ($) |
Debt Instrument [Line Items] | ||||||||||
Net proceeds from debt | $ 60,000 | $ 82,000 | $ 240,000 | |||||||
Legal fees | 19,947 | 50,536 | 167,800 | 37,706 | ||||||
Debt discounts amount | 64,823 | 107,000 | 140,000 | 100,000 | ||||||
Original issue discount amount | 3,000 | 0 | 11,500 | 29,900 | ||||||
Amortization of debt discount | 23,306 | $ 98,568 | 159,222 | $ 134,821 | ||||||
Debt including interest | 66,020 | |||||||||
Debt principal | 1,123 | |||||||||
SBA's Economic Injury Disaster Loan Program [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument, maturity date | Jun. 18, 2021 | |||||||||
Proceeds from loan | $ 32,300 | |||||||||
Loan fee | $ 100 | |||||||||
Loan, interest rate | 3.75% | |||||||||
Debt term | 30 years | |||||||||
Loan installment due amount | $ 158 | |||||||||
SBA's Economic Injury Disaster Loan Program [Member] | Extended Maturity [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument, maturity date | Jun. 18, 2023 | |||||||||
PPP Loan [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument, maturity date | Dec. 16, 2021 | |||||||||
Proceeds from loan | $ 32,497 | |||||||||
Loan, interest rate | 1.00% | |||||||||
Debt term | 5 years | |||||||||
October 2020 Note [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Net proceeds from debt | $ 82,000 | |||||||||
Debt instrument interest rate | 8.00% | |||||||||
Legal fees | $ 3,000 | |||||||||
Debt instrument, maturity date | Sep. 1, 2021 | |||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | |||||||||
Common stock conversion price per share | 75.00% | |||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | |||||||||
Debt instrument conversion, amount | $ 15,000 | $ 12,000 | $ 27,000 | |||||||
Debt conversion on convertible shares | shares | 18,832 | 15,049 | 33,881 | |||||||
Principal and interest total amount | $ 72,546 | $ 87,969 | ||||||||
Original issue discount amount | $ 8,500 | |||||||||
April 2021 Note [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Net proceeds from debt | $ 60,000 | |||||||||
Debt instrument interest rate | 8.00% | |||||||||
Legal fees | $ 3,000 | |||||||||
Debt instrument, maturity date | Apr. 23, 2022 | |||||||||
Debt instrument convertible consecutive trading days | Integer | 180 | |||||||||
Common stock conversion price per share | 75.00% | |||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 |
Long-term Debt and Convertibl_4
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Debt Instrument [Line Items] | |||
Convertible note payable | $ 135,601 | $ 95,611 | $ 167,868 |
Less debt discount | (51,425) | (7,642) | (15,364) |
Less current portion of convertible notes | (84,176) | (87,969) | (152,504) |
Long-term convertible notes payable | |||
Convertible Debt One [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | 72,546 | 95,611 | 79,886 |
Convertible Debt Two [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | $ 63,055 | $ 48,347 |
Long-term Debt and Convertibl_5
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) (Parenthetical) | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | |
Convertible Debt One [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | 8.00% |
Debt issuance date | Oct. 31, 2020 | Oct. 31, 2020 | Aug. 31, 2019 |
Due date | Sep. 30, 2021 | Sep. 30, 2021 | May 31, 2020 |
Convertible Debt Two [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | 8.00% |
Debt issuance date | Apr. 30, 2021 | Apr. 30, 2021 | Oct. 31, 2019 |
Due date | Apr. 30, 2022 | Apr. 30, 2022 | Aug. 31, 2020 |
Long-term Debt and Convertibl_6
Long-term Debt and Convertible Promissory Notes (Details Narrative) (10-K) | Apr. 27, 2021USD ($)shares | Apr. 23, 2021USD ($)shares | Dec. 02, 2020USD ($) | Oct. 28, 2020USD ($)Trading | Jun. 22, 2020USD ($) | May 05, 2020USD ($) | Jan. 30, 2020USD ($)Trading | Nov. 19, 2019USD ($)$ / sharesshares | Oct. 25, 2019USD ($)Trading | Aug. 15, 2019USD ($)Trading | May 21, 2019USD ($)Trading | Apr. 12, 2019USD ($)Trading | Jul. 23, 2018USD ($)Trading | Nov. 30, 2020USD ($) | Mar. 31, 2019USD ($) | Apr. 30, 2021USD ($)shares | Apr. 30, 2020USD ($) | Jan. 31, 2021USD ($)shares | Jan. 31, 2020USD ($) |
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 60,000 | $ 82,000 | $ 240,000 | ||||||||||||||||
Original issue discount amount | 3,000 | 0 | 11,500 | 29,900 | |||||||||||||||
Legal fees | 19,947 | 50,536 | 167,800 | 37,706 | |||||||||||||||
Debt discounts amount | 64,823 | 107,000 | 140,000 | 100,000 | |||||||||||||||
Amortization of debt discount | 23,306 | 98,568 | 159,222 | 134,821 | |||||||||||||||
Proceeds from note payable | 32,497 | 62,974 | 10,000 | ||||||||||||||||
Debt instrument consideration received | 10,000 | ||||||||||||||||||
Settlement notes payable amount | 10,000 | ||||||||||||||||||
Accrued interest | 699 | ||||||||||||||||||
Notes payable | $ 0 | ||||||||||||||||||
Debt including interest | 66,020 | ||||||||||||||||||
Debt amount forgiven | $ 3,000 | ||||||||||||||||||
Debt principal | 1,123 | ||||||||||||||||||
Paycheck Protection Program [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Proceeds from loan | $ 30,387 | ||||||||||||||||||
Loan, interest rate | 1.00% | ||||||||||||||||||
Loan due number of installments | Due in 18 monthly installments of $1,710 beginning December 1, 2020. | ||||||||||||||||||
Loan installment due amount | $ 1,710 | ||||||||||||||||||
Debt remaining balance | $ 3,000 | ||||||||||||||||||
Economic Injury Disaster Loan Program [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Proceeds from note payable | $ 3,000 | ||||||||||||||||||
Debt including interest | 762 | ||||||||||||||||||
Debt principal | 33,162 | ||||||||||||||||||
SBA's Economic Injury Disaster Loan Program [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Debt instrument, maturity date | Jun. 18, 2021 | ||||||||||||||||||
Proceeds from loan | $ 32,300 | ||||||||||||||||||
Loan, interest rate | 3.75% | ||||||||||||||||||
Loan installment due amount | $ 158 | ||||||||||||||||||
Loan fee | $ 100 | ||||||||||||||||||
Debt term | 30 years | ||||||||||||||||||
Private Placement [Member] | Noteholder [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Sale of common stock, shares | shares | 42,243 | ||||||||||||||||||
Sale of common stock, value | $ 20,699 | ||||||||||||||||||
Sale of stock price | $ / shares | $ 0.490 | ||||||||||||||||||
Third Party [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Debt instrument interest rate | 10.00% | ||||||||||||||||||
Debt instrument, maturity date | Mar. 31, 2020 | ||||||||||||||||||
Proceeds from note payable | $ 10,000 | ||||||||||||||||||
July 2018 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 48,000 | ||||||||||||||||||
Principal amount | $ 50,000 | ||||||||||||||||||
Debt instrument interest rate | 12.00% | ||||||||||||||||||
Original issue discount amount | $ 2,000 | ||||||||||||||||||
Debt instrument, maturity date | Jul. 19, 2019 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 45.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 20 | ||||||||||||||||||
Debt instrument conversion, amount | $ 21,714 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 394,801 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
April 2019 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 50,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||||||||
Debt instrument, maturity date | Feb. 28, 2020 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 65.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 55,120 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 147,341 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
May 2019 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 50,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||||||||
Debt instrument, maturity date | Mar. 17, 2020 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 65.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 55,120 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 239,480 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
August 2019 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 67,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 10,000 | ||||||||||||||||||
Debt instrument, maturity date | May 30, 2020 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 75.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 79,800 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 272,750 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
October 2019 [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 40,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 7,300 | ||||||||||||||||||
Debt instrument, maturity date | Aug. 15, 2020 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 75.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 49,020 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 215,597 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
January 2020 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 33,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 3,600 | ||||||||||||||||||
Debt instrument, maturity date | Nov. 15, 2020 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 75.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 41,040 | ||||||||||||||||||
Debt conversion of convertible shares | shares | 97,714 | ||||||||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||||||||
Legal fees | $ 3,000 | ||||||||||||||||||
October 2020 Note [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||
Net proceeds from debt | $ 82,000 | ||||||||||||||||||
Debt instrument interest rate | 8.00% | ||||||||||||||||||
Original issue discount amount | $ 8,500 | ||||||||||||||||||
Debt instrument, maturity date | Sep. 1, 2021 | ||||||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | ||||||||||||||||||
Common stock conversion price per share | 75.00% | ||||||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | ||||||||||||||||||
Debt instrument conversion, amount | $ 15,000 | $ 12,000 | $ 27,000 | ||||||||||||||||
Debt conversion of convertible shares | shares | 18,832 | 15,049 | 33,881 | ||||||||||||||||
Principal and interest total amount | $ 72,546 | $ 87,969 | |||||||||||||||||
Legal fees | $ 3,000 |
Long-term Debt and Convertibl_7
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) (10-K) - USD ($) | Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 |
Debt Instrument [Line Items] | |||
Convertible note payable | $ 135,601 | $ 95,611 | $ 167,868 |
Less debt discount | (51,425) | (7,642) | (15,364) |
Less current portion of convertible notes | (84,176) | (87,969) | (152,504) |
Long-term convertible notes payable | |||
Convertible Debt One [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | |||
Convertible Debt Two [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | 63,055 | 48,347 | |
Convertible Debt Three [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | 39,635 | ||
Convertible Debt Four [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | 95,611 | ||
Convertible Debt One [Member] | |||
Debt Instrument [Line Items] | |||
Convertible note payable | $ 72,546 | $ 95,611 | $ 79,886 |
Long-term Debt and Convertibl_8
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) (10-K) (Parenthetical) | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | |
Convertible Debt One [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | 8.00% |
Debt issuance date | Oct. 31, 2020 | Oct. 31, 2020 | Aug. 31, 2019 |
Due date | Sep. 30, 2021 | Sep. 30, 2021 | May 31, 2020 |
Convertible Debt One [Member] | |||
Debt issuance date | Aug. 31, 2019 | ||
Due date | May 31, 2020 | ||
Convertible Debt Two [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | 8.00% |
Debt issuance date | Apr. 30, 2021 | Apr. 30, 2021 | Oct. 31, 2019 |
Due date | Apr. 30, 2022 | Apr. 30, 2022 | Aug. 31, 2020 |
Convertible Debt Two [Member] | |||
Debt issuance date | Oct. 31, 2019 | ||
Due date | Aug. 31, 2020 | ||
Convertible Debt Three [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | |
Debt issuance date | Jan. 31, 2020 | Jan. 31, 2020 | |
Due date | Nov. 30, 2020 | Nov. 30, 2020 | |
Convertible Debt Four [Member] | |||
Convertible notes payable, interest rate | 8.00% | 8.00% | |
Debt issuance date | Oct. 31, 2020 | Oct. 31, 2020 | |
Due date | Sep. 30, 2021 | Sep. 30, 2021 |
Share-Based Compensation (Detai
Share-Based Compensation (Details Narrative) (10-K) - USD ($) | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | |
Stock option, granted | 120,000 | ||
Share based compensation | $ 80,421 | ||
Exercise price | $ 1.50 | ||
Expected term | 5 years | ||
Expected volatility, minimum | 180.70% | ||
Expected volatility, maximum | 181.30% | ||
Annual rate of dividend | 0.00% | ||
Intrinsic value of stock price | $ 1.473 | $ 0.550 | |
Director One [Member] | |||
Stock option, granted | 30,000 | ||
Director Two [Member] | |||
Stock option, granted | 30,000 | ||
Director Three [Member] | |||
Stock option, granted | 30,000 | ||
Director Four [Member] | |||
Stock option, granted | 30,000 | ||
Stock Options Outstanding [Member] | |||
Stock option, description | The options granted have a term not to exceed ten years from the date of grant or five years for options granted to more than 10% stockholders. The option price set by the Plan Administration shall not be less than the fair market value per share of the common stock on the grant date or 110% of the fair market value per share of the common stock on the grant date for options granted to greater than 10% stockholders. | ||
Maximum [Member] | |||
Stock price | $ 0.75 | ||
Discount rates | 1.85% | ||
Minimum [Member] | |||
Stock price | $ 0.70 | ||
Discount rates | 1.59% | ||
2010 Stock Option Plan [Member] | |||
Stock option, granted | 51,417 | 20,417 | |
2007 Stock Option Plan [Member] | |||
Stock option, granted | 425 | 425 | |
2004 Stock Option Plan [Member] | |||
Stock option, granted | 83 | 83 | |
Key Employees and Non-employee Consultants [Member] | 2010 Stock Option Plan [Member] | Maximum [Member] | |||
Stock option, granted | 191,000 | ||
Key Employees and Non-employee Consultants [Member] | 2007 Stock Option Plan [Member] | Maximum [Member] | |||
Stock option, granted | 5,000 | ||
Key Employees and Non-employee Consultants [Member] | 2004 Stock Option Plan [Member] | Maximum [Member] | |||
Stock option, granted | 1,925 | ||
Officers, Employees and Consultants [Member] | Incentive and Non-QualifiedStock Options [Member] | |||
Share based compensation | $ 0 | $ 80,421 |
Share-Based Compensation - Sche
Share-Based Compensation - Schedule of Stock Options Activity (Details) (10-K) - USD ($) | 3 Months Ended | 12 Months Ended | |
Apr. 30, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | |
Share-based Payment Arrangement [Abstract] | |||
Number of options, Outstanding | 146,000 | 177,000 | 180,760 |
Number of options, Granted | 120,000 | ||
Number of options, Cancelled and/or forfeited | (31,000) | (123,760) | |
Number of options, Exercised | |||
Number of options, Outstanding | 146,000 | 146,000 | 177,000 |
Number of options, Exercisable | 146,000 | 146,000 | |
Weighted average exercise price per share, Outstanding | $ 3.019 | $ 5.818 | $ 16.368 |
Weighted average exercise price per share, Granted | 1.500 | ||
Weighted average exercise price per share, Cancelled and/or forfeited | 19,000 | 17.054 | |
Weighted average exercise price per share, Exercised | |||
Weighted average exercise price per share, Outstanding | 3.019 | 3.019 | $ 5.818 |
Weighted average exercise price per share, Exercisable | $ 3.019 | $ 3.019 | |
Weighted average remaining life (years), Outstanding Beginning | 7 years 4 months 13 days | 7 years 2 months 12 days | 2 years 6 months 21 days |
Weighted average remaining life (years), Outstanding Ending | 7 years 7 months 10 days | 7 years 2 months 12 days | |
Weighted average remaining life (years), Exercisable | 7 years 7 months 10 days | ||
Aggregate intrinsic value, Outstanding | |||
Aggregate intrinsic value, Outstanding | $ 0 | ||
Aggregate intrinsic value, Exercisable |
Share-Based Compensation - Sc_2
Share-Based Compensation - Schedule of Share-based Compensation Expense (Details) (10-K) - USD ($) | 12 Months Ended | |
Jan. 31, 2021 | Jan. 31, 2020 | |
Warrants [Line Items] | ||
Share-based compensation expense | $ 80,421 | |
Geological and Geophysical Costs [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | ||
Salaries and Benefits [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | 80,421 | |
Investor Relations [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | ||
General and Administrative [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) (10-K) - USD ($) | 12 Months Ended | |
Jan. 31, 2021 | Jan. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Increase in net operating loss carry-forwards | $ 142,000 | |
Net operating loss carry-forward | $ 32,000,000 | |
Operating loss carryforwards expiration, description | Beginning in 2026 through 2038 | |
Limitations on use of operating loss carryforwards, description | Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three-year period. | |
Effective tax rate | 21.00% | 0.00% |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Asset (Details) (10-K) - USD ($) | Jan. 31, 2021 | Jan. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Deferred Tax Assets | $ 6,783,000 | $ 6,641,000 |
Less Valuation Allowance | (6,783,000) | (6,641,000) |
Deferred Tax Assets, Net |
Stockholders' Deficit (Details
Stockholders' Deficit (Details Narrative) - USD ($) | Apr. 27, 2021 | Apr. 23, 2021 | Apr. 02, 2021 | Mar. 26, 2021 | Mar. 05, 2021 | Apr. 30, 2021 | Mar. 31, 2021 | Apr. 30, 2021 | Mar. 31, 2021 | Jan. 31, 2021 | Jan. 31, 2020 | Feb. 24, 2021 | Nov. 24, 2020 | Nov. 23, 2020 | Jun. 22, 2020 | Jul. 31, 2019 |
Subsequent Event [Line Items] | ||||||||||||||||
Shares issued price per unit | $ 0.350 | |||||||||||||||
Warrant exercise price per share | $ 0.8100 | |||||||||||||||
Reverse stock split description | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). The Reverse Stock Split was formally processed by FINRA effective on February 25, 2021 and the Company's common stock began trading on a split-adjusted basis on February 25, 2021. | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | On November 24, 2020, the Company filed a Certificate of Change with the Secretary of the State of Nevada to affect a 1-for-500 reverse stock split (the "Reverse Stock Split"). | |||||||||||||
Common stock, shares authorized | 12,300,000 | 12,300,000 | 12,300,000 | 12,500,000 | 12,300,000 | 6,150,000,000 | ||||||||||
Common stock, shares outstanding | 10,052,163 | 10,052,163 | 9,902,052 | 9,116,725 | ||||||||||||
Class A Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Common stock, shares authorized | 200,000 | 200,000 | 0 | 0 | 200,000 | 100,000,000 | 200,000 | |||||||||
Common stock, shares outstanding | 102,000 | 102,000 | 0 | 0 | 51,000,000 | 102,000 | ||||||||||
Number of shares rounded due to reverse stock split | 2,408 | |||||||||||||||
Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 60,000 | |||||||||||||||
October 2020 Note [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ 0.797 | $ 0.797 | $ 1.038 | $ 1.038 | ||||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Warrant exercise price per share | $ 1.453 | $ 1.453 | ||||||||||||||
Debt conversion of convertible shares | 18,832 | 15,049 | 33,881 | |||||||||||||
Debt instrument conversion, amount | $ 15,000 | $ 12,000 | $ 27,000 | |||||||||||||
October 2020 Note [Member] | Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 19,268 | |||||||||||||||
October 2020 Note [Member] | Warrant [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 9,634 | |||||||||||||||
CEO [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 17,006 | |||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ 1.176 | |||||||||||||||
Warrants purchase | 8,503 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ 1.646 | |||||||||||||||
CEO [Member] | Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 49,412 | |||||||||||||||
Proceeds from issuance of warrants | $ 55,000 | |||||||||||||||
Shares issued price per unit | $ 1.113 | $ 1.113 | ||||||||||||||
Warrants purchase | 24,706 | 24,706 | ||||||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Warrant exercise price per share | $ 1.558 | $ 1.558 | ||||||||||||||
Accredited Investor [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | 9,818 | 6,000 | ||||||||||||||
Proceeds from issuance of warrants | $ 10,000 | $ 2,100 | ||||||||||||||
Shares issued price per unit | $ 1.019 | $ 0.35 | ||||||||||||||
Warrants purchase | 4,909 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ 1.426 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) | Aug. 22, 2019USD ($) |
Former Chief Executive Officer [Member] | |
Loss contingency damages sought value | $ 50,000 |
Commitments and Contingencies_2
Commitments and Contingencies (Details Narrative) (10-K) | Aug. 22, 2019USD ($) | Jan. 31, 2021USD ($)a$ / shares |
Commitments and contingencies, description | We hold AZ MEP permits for 15,793.24 acres at our Tombstone project. We paid filing and rental fees for our AZ MEP's before their respective due dates in the amount of $ 29,723.89. | |
Former Chief Executive Officer [Member] | ||
Loss contingency damages sought value | $ 50,000 | |
AZ MEP [Member] | ||
Project validity description | AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years. | |
AZ MEP [Member] | Phase 1 [Member] | ||
Minimum work expenditure requirements | $ 29,724 | |
Tombstone Project [Member] | ||
Accrued rent | $ 15,345 | |
Project validity description | The rentals due by September 1, 2021 for the period from September 1, 2021 through September 1, 2022 of $15,345 have not been paid yet, but we plan to pay when due. | |
Lease due date | Sep. 1, 2021 | |
Area of land | a | 15,793.24 | |
September 1, 2021 to September 1, 2022 [Member] | East Silver Bell Project [Member] | ||
Accrued rent | $ 165 | |
First Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 2 | |
Minimum work expenditure requirements | $ 10 | |
Second Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 2 | |
Minimum work expenditure requirements | $ 10 | |
Third Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
Fourth Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
Fifth Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
Tombstone Region of Arizona [Member] | ||
Payment of rent for storage space | $ 45 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | May 11, 2021 | Apr. 27, 2021 | Apr. 27, 2021 | Apr. 23, 2021 | Oct. 28, 2020 | May 31, 2021 | Apr. 30, 2021 | Jan. 31, 2020 |
Minimum [Member] | ||||||||
Share price | $ 0.70 | |||||||
Maximum [Member] | ||||||||
Share price | $ 0.75 | |||||||
October 2020 Note [Member] | ||||||||
Number of common stock shares issued in conversion | 18,832 | 15,049 | 33,881 | |||||
Debt conversion, converted instrument amount | $ 15,000 | $ 12,000 | $ 27,000 | |||||
Debt instrument, interest rate | 8.00% | |||||||
Debt, maturity date | Sep. 1, 2021 | |||||||
Subsequent Event [Member] | October 2020 Note [Member] | ||||||||
Number of common stock shares issued in conversion | 18,832 | 15,049 | 98,472 | |||||
Debt conversion, converted instrument amount | $ 15,000 | $ 12,000 | $ 69,900 | |||||
Subsequent Event [Member] | October 2020 Note [Member] | Minimum [Member] | ||||||||
Share price | $ 0.699 | |||||||
Subsequent Event [Member] | October 2020 Note [Member] | Maximum [Member] | ||||||||
Share price | $ 0.743 | |||||||
Subsequent Event [Member] | May 2021 Note [Member] | ||||||||
Debt instrument, face value | $ 53,000 | |||||||
Debt instrument, interest rate | 8.00% | |||||||
Debt, maturity date | May 11, 2022 | |||||||
Debt conversion, description | Convertible after 180 days into shares of the Company's common stock at a price of 75% of the average of the lowest 5 weighted average market price of the Company's common stock during the 10 trading days prior to conversion. |
Subsequent Events (Details Na_2
Subsequent Events (Details Narrative) (10-K) | Apr. 27, 2021USD ($)$ / sharesshares | Apr. 27, 2021USD ($)$ / sharesshares | Apr. 26, 2021USD ($)TradingInteger | Apr. 23, 2021USD ($)$ / sharesshares | Mar. 26, 2021USD ($)$ / sharesshares | Feb. 16, 2021USD ($) | Oct. 28, 2020USD ($)Trading | May 05, 2020USD ($) | May 31, 2021USD ($)shares | Apr. 30, 2021USD ($)Trading$ / sharesshares | Mar. 31, 2021USD ($)$ / sharesshares | Apr. 30, 2021USD ($)$ / sharesshares | Apr. 30, 2020USD ($) | Jan. 31, 2021USD ($)$ / shares | Jan. 31, 2020USD ($)shares | Jul. 31, 2019$ / shares |
Subsequent Event [Line Items] | ||||||||||||||||
Shares issued price per unit | $ / shares | $ 0.350 | |||||||||||||||
Warrant exercise price per share | $ / shares | $ 0.8100 | |||||||||||||||
Net proceeds from debt | $ 60,000 | $ 82,000 | $ 240,000 | |||||||||||||
Legal fees | $ 19,947 | $ 50,536 | $ 167,800 | $ 37,706 | ||||||||||||
Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 60,000 | |||||||||||||||
April 2021 Note [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Net proceeds from debt | $ 60,000 | |||||||||||||||
Debt instrument interest rate | 8.00% | |||||||||||||||
Legal fees | $ 3,000 | |||||||||||||||
Debt instrument, maturity date | Apr. 23, 2022 | |||||||||||||||
Debt instrument convertible consecutive trading days | Integer | 180 | |||||||||||||||
Common stock conversion price per share | 75.00% | |||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | |||||||||||||||
October 2020 Note [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 0.797 | $ 0.797 | $ 0.797 | $ 1.038 | $ 1.038 | |||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.453 | $ 1.453 | ||||||||||||||
Net proceeds from debt | $ 82,000 | |||||||||||||||
Debt instrument interest rate | 8.00% | |||||||||||||||
Legal fees | $ 3,000 | |||||||||||||||
Debt instrument, maturity date | Sep. 1, 2021 | |||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | |||||||||||||||
Common stock conversion price per share | 75.00% | |||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | |||||||||||||||
Number of common stock shares issued in conversion | shares | 18,832 | 15,049 | 33,881 | |||||||||||||
Debt instrument conversion, amount | $ 15,000 | $ 12,000 | $ 27,000 | |||||||||||||
October 2020 Note [Member] | Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 19,268 | |||||||||||||||
October 2020 Note [Member] | Warrant [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 9,634 | |||||||||||||||
CEO [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 17,006 | |||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 1.176 | |||||||||||||||
Warrants purchase | shares | 8,503 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.646 | |||||||||||||||
CEO [Member] | Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 49,412 | |||||||||||||||
Proceeds from issuance of warrants | $ 55,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 1.113 | |||||||||||||||
Warrants purchase | shares | 24,706 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.558 | |||||||||||||||
Investor [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Warrants purchase | shares | 55,115 | 55,115 | ||||||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Paycheck Protection Program [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Proceeds from loan | $ 30,387 | |||||||||||||||
Loan, interest rate | 1.00% | |||||||||||||||
Subsequent Event [Member] | April 2021 Note [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Net proceeds from debt | $ 60,000 | |||||||||||||||
Debt instrument interest rate | 8.00% | 8.00% | ||||||||||||||
Legal fees | $ 3,000 | |||||||||||||||
Debt instrument, maturity date | Apr. 23, 2022 | |||||||||||||||
Debt instrument convertible consecutive trading days | Trading | 180 | |||||||||||||||
Common stock conversion price per share | 75.00% | |||||||||||||||
Debt instrument, convertible, threshold trading days | Trading | 10 | |||||||||||||||
Subsequent Event [Member] | October 2020 Note [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 1.038 | $ 1.038 | ||||||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.453 | $ 1.453 | ||||||||||||||
Common stock conversion price per share | 79.70% | 79.70% | ||||||||||||||
Number of common stock shares issued in conversion | shares | 18,832 | 15,049 | 98,472 | |||||||||||||
Debt instrument conversion, amount | $ 15,000 | $ 12,000 | $ 69,900 | |||||||||||||
Subsequent Event [Member] | October 2020 Note [Member] | Common Stock [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 19,268 | |||||||||||||||
Subsequent Event [Member] | October 2020 Note [Member] | Warrant [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 9,634 | |||||||||||||||
Subsequent Event [Member] | CEO [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 17,006 | |||||||||||||||
Proceeds from issuance of warrants | $ 20,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 1.176 | |||||||||||||||
Warrants purchase | shares | 8,503 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.646 | |||||||||||||||
Subsequent Event [Member] | Investor [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 9,818 | 6,000 | ||||||||||||||
Proceeds from issuance of warrants | $ 10,000 | $ 2,100 | ||||||||||||||
Shares issued price per unit | $ / shares | $ 1.019 | $ 0.35 | $ 1.019 | |||||||||||||
Warrants purchase | shares | 4,909 | 4,909 | ||||||||||||||
Warrants term | 3 years | 3 years | ||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.426 | $ 1.426 | ||||||||||||||
Subsequent Event [Member] | Payroll Protection Program [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Proceeds from loan | $ 32,497 | |||||||||||||||
Subsequent Event [Member] | Paycheck Protection Program [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Loan, interest rate | 1.00% | |||||||||||||||
Loan, term | 5 years | |||||||||||||||
Subsequent Event [Member] | Issuance of Common Stock [Member] | CEO [Member] | ||||||||||||||||
Subsequent Event [Line Items] | ||||||||||||||||
Number of common stock shares issued | shares | 49,412 | |||||||||||||||
Proceeds from issuance of warrants | $ 55,000 | |||||||||||||||
Shares issued price per unit | $ / shares | $ 1.113 | |||||||||||||||
Warrants purchase | shares | 24,706 | |||||||||||||||
Warrants term | 3 years | |||||||||||||||
Warrant exercise price per share | $ / shares | $ 1.558 |