Leases

12 Months Ended

Jan. 28, 2023

Leases [Abstract]

Leases

Note 7. Leases

The Company currently leases its administrative offices and distribution center. During fiscal 2022 and fiscal 2021, the Company recorded net lease costs of $0.8 million, and did not record any contingent rentals.

As of January 28, 2023, the maturity of lease liabilities is as follows:

	Operating Leases
(amounts in thousands)
2023	$	767
2024		652
2025		441
Thereafter		-
Total lease payments		1,860
Less: amounts representing interest		(146	)
Present value of lease liabilities	$	1,714

Lease term and discount rate are as follows:

	As of January 28, 2023
Weighted-average remaining lease term (years)
Operating leases		2.3
Weighted-average discount rate Operating leases		5	%

Other information:

	Fiscal 2022
(amounts in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases	$	603

Future minimum rental payments required under the remaining leases for the administrative office and distribution center in Spokane, Washington as of January 28, 2023, are as follows (amounts in thousands):

(amounts in thousands)	Operating Leases
2023	$	767
2024		652
2025		441
Thereafter		-
Total minimum lease payments	$	1,860