SUBSEQUENT EVENTS

3 Months Ended

Apr. 30, 2025

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. Subsequent Events

Second Quarter Dividend

On May 1, 2025, the Company’s Board of Directors declared a quarterly cash dividend. The quarterly dividend of $0.03 per share or approximately $0.3 million, was paid on May 22, 2025, to stockholders of record as of May 15, 2025.

Letter of Intent – Decatur, Alabama Warehouse Facility

Subsequent to April 30, 2025, the Company developed a plan to sell our warehouse facility in Decatur, Alabama. On June 6, 2025, the Company entered into a letter of intent to sell the warehouse facility to an unrelated party. The letter of intent includes a short-term lease on one of the existing warehouses. The sale is expected to close in the third quarter of FY26.