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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,561 $ 2,304
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,043 920
Provision for credit losses (140) 233
Amortization of debt discount 22 22
Amortization of right of use assets 348 360
Amortization of intangibles 1,080 482
Stock-based compensation 436 110
Allowance for obsolete inventory 63 0
Change in deferred tax asset 215 (269)
Income from equity method investment (223) (143)
Changes in operating assets and liabilities:    
Accounts receivable 2,392 563
Inventories 263 (745)
Prepaid expenses (540) (174)
Security deposits (35) (2)
Accounts payable and accrued expenses 476 2,191
Operating lease liability (340) (343)
Net Cash Provided by Operating Activities 11,621 5,509
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for fixed assets (786) (593)
Cash paid for acquisition/investment in Chef Inspirational Foods, LLC, net (646) (500)
Net Cash (Used in) Investing Activities (1,432) (1,093)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from series b preferred stock offering 0 1,365
Payment of stock offering costs 0 (66)
Cash paid for financing fees 0 (27)
(Repayment) borrowings of line of credit, net (890) 125
Repayment of finance lease obligations (272) (235)
Payment of Series B Preferred dividends (49) (34)
Proceeds from exercise of options 68 26
Net Cash (Used in) Financing Activities (3,545) (889)
Net Increase in Cash 6,644 3,527
Cash and cash equivalents - Beginning of Period 4,378 851
Cash and cash equivalents - End of Period 11,022 4,378
SUPPLEMENTARY CASH FLOW INFORMATION:    
Income taxes 1,620 32
Interest 654 634
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Finance lease asset additions 1,270 72
Related party loan to finance acquisition 2,700 0
Non-cash consideration paid in common stock for equity method investment 0 700
Non-cash deposits on prepaid additions 0 385
Settlement of liability in common stock 50 0
Nonrelated Party    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of term loan (1,652) (1,293)
Related Party    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of term loan $ (750) $ (750)