Segment Information

3 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

Segment Information

Segment Information

For the three months ended April 30, 2025 and April 30, 2024 the Company was managed as a single operating segment. The Chief Executive Officer, who is also the Company’s Chief Operating Decision Maker (“CODM”), reviews financial information on an aggregate basis for purposes of allocating resources and assessing financial performance, as well as for making strategic operational decisions and managing the organization. As such, the Company has one reportable segment. Additionally, all of the Company’s assets are maintained in the United States.

Segment reporting for the three months ended April 30, (in thousands):

	For the Three Ended
	April 30, 2025		April 30, 2024
Net sales	$	35,255	$	29,838
Costs of sales	26,071		22,375
Gross profit	9,184		7,463
Less: (A)
Research and development	73		104
Direct Variable Costs (B)	2,433		1,853
Other selling, general, and administrative expenses	5,100		4,733
Total operating expenses	7,606		6,690
Income from operations	1,578		773
Interest expense	(88)		(127)
Interest income	30		92
Amortization of debt discount	(3)		(6)
Income tax expense	(280)		(179)
Segment net income	1,237		553
Reconciliation of profit
Adjustments and reconciling items	—		—
Consolidated net income	$	1,237	$	553

(A) The significant expense categories and amounts align with the information that is regularly provided to the Chief Operating Decision Maker.

(B) This category contains commission expenses, royalty expenses, and freight-related expenses.