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Joint Venture and Equity Method Investment (Tables)

3 Months Ended

Apr. 30, 2023

Schedule of Supplemental Information Related to Operating Leases

The table below presents supplemental information related to operating leases for the three months ended April 30, 2023 (in thousands, except weighted-average information):



Weighted-average remaining lease term (in years)	1.62
Weighted-average discount rate	3.7		%
Right-of-use assets obtained in exchange for new operating lease liabilities	$	485
Cash paid for amounts included in the measurement of lease liabilities	$	160

Schedule of Variable Interest Entities

Selected financial information of JiHu, post intercompany eliminations, is as follows (in thousands):


	Three Months Ended April 30,
		2023		2022

Revenue		$	1,464	$	1,093
Cost of revenue		491		300
Gross profit		973		793
Operating expenses:
Sales and marketing		2,084		1,387
Research and development		1,956		928
General and administrative		(1,444)		754
Total operating expenses		2,596		3,069
Loss from operations		(1,623)		(2,276)
Interest income		315		67
Other income, net		269		674
Net loss before income taxes		(1,039)		(1,535)

Net loss		$	(1,039)	$	(1,535)

Net loss attributable to noncontrolling interest		$	(430)	$	(514)


	April 30, 2023		January 31, 2023

Cash and cash equivalents	$	51,093	$	56,744
Property and equipment, net	1,039		1,135
Operating lease right-of-use assets	1,300		998
Other assets	3,575		3,950
Total assets	$	57,007	$	62,827

Total liabilities	$	7,713	$	8,871

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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