Debt (Tables)

12 Months Ended

Jan. 31, 2018

Debt Disclosure [Abstract]

Schedule of Minimum EBITDA Levels

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:

	January 31, 2018			January 31, 2017
Senior term loan	$	4,626,000		$	5,738,000
Capital lease	—			91,000
Total	4,626,000			5,829,000
Deferred financing cost	(128,000		)	(199,000		)
	4,498,000			5,630,000
Less: Current portion	(597,000		)	(747,000		)
Non-current portion of long-term debt	$	3,901,000		$	4,883,000

Schedule of Future Principal Repayments of Long-Term Debt

Future principal repayments of debt consisted of the following at January 31, 2018:

	Senior Term Loan (1)
2018	$	597,000
2019	4,029,000
Total repayments	$	4,626,000

_______________

(1) Term loan balance on the consolidated balance sheet is reported net of deferred financing costs of $128,000.