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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 553 $ 1,401
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 292 248
Amortization of debt discount 6 6
Amortization of right of use assets 134 6
Amortization of intangibles 380 102
Stock-based compensation 205 55
Change in deferred tax asset 172 345
Income from equity method investment 0 (146)
Changes in operating assets and liabilities:    
Accounts receivable (220) (1,557)
Inventories 293 1,100
Prepaid expenses and other current assets 145 (607)
Security deposits 0 (3)
Accounts payable and accrued expenses 1,832 697
Operating lease liability (151) (35)
Net Cash Provided by Operating Activities 3,641 1,612
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for fixed assets (1,144) (145)
Net Cash (Used in) Investing Activities (1,144) (145)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of term loan (388) (388)
Repayment of line of credit, net 0 (140)
Repayment of finance lease obligations (95) (50)
Payment of Series B Preferred dividends 0 (27)
Proceeds from exercise of stock options 7 19
Net Cash (Used in) Financing Activities (476) (586)
Net Increase in Cash 2,021 881
Cash and cash equivalents at beginning of period 11,022 4,378
Cash and cash equivalents at end of period 13,043 5,259
SUPPLEMENTARY CASH FLOW INFORMATION:    
Income taxes 0 9
Interest 114 152
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash deposits on prepaid additions 0 308
Finance lease asset additions 169 0
Right of use asset recognized 873 0
Write-off of right of use asset $ 897 $ 0