Debt (Tables)

6 Months Ended

Jul. 31, 2017

Debt Disclosure [Abstract]

Minimum Trailing Four Quarter Period EBITDA Covenant Thresholds

The following table shows our minimum trailing four quarter period EBITDA covenant thresholds, as modified by the third amendment to the Credit Agreement:

For the four-quarter period ending	Minimum EBITDA
July 31, 2017	$	(1,250,000	)
October 31, 2017	(1,000,000		)
January 31, 2018	(700,000		)
April 30, 2018	(35,869		)
July 31, 2018	414,953
October 31, 2018	1,080,126
January 31, 2019	1,634,130
April 30, 2019	1,842,610
July 31, 2019	2,657,362
October 31, 2019 and each fiscal quarter thereafter	3,613,810

Summary of Term Loan and Line of Credit

Outstanding principal balances on debt consisted of the following at:

	July 31, 2017			January 31, 2017
Senior term loan	$	4,761,000		$	5,539,000
Capital lease	23,000			91,000
Total	4,784,000			5,630,000
Less: Current portion	(620,000		)	(747,000		)
Non-current portion of debt	$	4,164,000		$	4,883,000

Schedule of Future Minimum Lease Payments for Debt and Capital Leases

Future principal repayments of debt consisted of the following at July 31, 2017:

	Senior Term Loan (1)		Capital Lease (2)		Total
2017	$	298,000	$	23,000	$	321,000
2018	597,000		—		597,000
2019	4,030,000		—		4,030,000
Total repayments	$	4,925,000	$	23,000	$	4,948,000

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(1) Term loan balance on the condensed consolidated balance sheet is reported net of deferred financing costs of $164,000.

(2) Future minimum lease payments include principal plus interest.