Debt (Tables)

9 Months Ended

Oct. 31, 2019

Debt

Minimum Trailing Four Quarter Period EBITDA Covenant Thresholds

Applicable period	Minimum EBITDA
For the twelve-month period ending August 31, 2019	$	(505,000)
For the twelve-month period ending September 30, 2019		(752,000)
For the twelve-month period ending October 31, 2019		(850,000)
For the twelve-month period ending November 30, 2019		(597,000)
For the twelve-month period ending December 31, 2019		(608,000)
For the twelve-month period ending January 31, 2020		(289,000)
For the twelve-month period ending February 29, 2020		(124,000)
For the twelve-month period ending March 31, 2020		(195,000)
For the twelve-month period ending April 30, 2020		(683,000)
For the twelve-month period ending May 31, 2020		(560,000)
For the twelve-month period ending June 30, 2020		(368,000)
For the twelve-month period ending July 31, 2020 and for the twelve-month period ending on the last day of each month thereafter		(374,000)

Summary of Term Loan and Line of Credit

Outstanding principal balances on debt consisted of the following at:

	October 31, 2019		January 31, 2019
Line of Credit	$	—	$	—
Term loan		3,582,000		4,030,000
Total		3,582,000		4,030,000
Deferred financing cost		(110,000)		(82,000)
Total		3,472,000		3,948,000
Less: Current portion		(3,472,000)		(597,000)
Non-current portion of debt	$	—	$	3,351,000