Property Plant and Equipment, Net:

9 Months Ended

Oct. 31, 2024

Property, Plant and Equipment [Abstract]

Property Plant and Equipment, Net:

Property Plant and Equipment, Net:

Property plant and equipment, net on October 31, 2024 and January 31, 2024 were as follows (in thousands):

	October 31, 2024		January 31, 2024
Machinery and Equipment	$	7,948	$	4,437
Furniture and Fixtures	242		252
Leasehold Improvements	5,848		2,956
	14,038		7,645
Less: Accumulated Depreciation	4,189		3,209
Total	$	9,849	$	4,436

Depreciation expense was approximately $451 thousand and $1.1 million for the three and nine months ended October 31, 2024, respectively, compared to approximately $255 thousand and $767 thousand for the three and nine months ended October 31, 2023, respectively.