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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2025
Jan. 31, 2025
Current Assets:    
Cash and cash equivalents $ 18,068 $ 7,150
Accounts receivable, net 11,047 8,131
Inventories, net 10,360 4,817
Prepaid expenses and other current assets 1,488 1,779
Total Current Assets 40,963 21,877
Property, plant, and equipment, net 21,061 9,387
Intangible assets, net 3,534 3,436
Goodwill 9,447 8,633
Operating lease right of use assets, net 8,309 3,376
Deferred tax asset 625 258
Deposits 95 95
Total Assets 84,034 47,062
Current Liabilities:    
Accounts payable and accrued expenses 18,468 12,052
Term loan, net of unamortized debt discount of $226 and $22, respectively 949 1,530
Operating lease liabilities 1,646 848
Finance leases payable 315 345
Promissory notes – related parties 750 2,250
Total Current Liabilities 22,128 17,025
Term loan – net of current 4,706 1,342
Operating lease liabilities – net of current 6,642 2,600
Finance leases payable – net of current 960 1,199
Total long-term liabilities 12,308 5,141
Total Liabilities 34,436 22,166
Commitments and contingencies (Notes 11 and 12)
Stockholders’ Equity:    
Common stock, $0.00001 par value; 250,000,000 shares authorized; 40,880,000 and 37,826,000 shares issued as of October 31, and January 31, 2025, respectively, 40,650,000 and 37,596,000 shares outstanding as of October 31, and January 31, 2025, respectively 0 0
Additional paid-in capital 46,530 24,882
Retained earnings 3,218 164
Less: Treasury stock, 230,000 shares at cost (150) (150)
Total Stockholders’ Equity 49,598 24,896
Total Liabilities and Stockholders’ Equity 84,034 47,062
Series A Preferred Stock    
Stockholders’ Equity:    
Preferred stock value 0 0
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock value 0 0
Preferred Stock    
Stockholders’ Equity:    
Preferred stock value $ 0 $ 0