XML 21 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (465) $ 1,867
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) doubtful accounts 105 (40)
Deferred income taxes (158) 188
Depreciation and amortization 383 187
Stock based and restricted stock compensation 201 119
Loss on disposal of property and equipment 0 5
Non-cash operating lease expense 251 0
(Increase) decrease in operating assets    
Accounts receivable 1,144 (499)
Inventories (4,414) (1,580)
Prepaid VAT tax 127 216
Other current assets (247) (699)
Increase (decrease) in operating liabilities    
Accounts payable 4,242 1,086
Accrued expenses and other liabilities 596 31
Operating lease liabilities (251) 0
Net cash provided by (used in) operating activities 1,514 881
Cash flows from investing activities:    
Purchases of property and equipment (168) (272)
Cash flows from financing activities:    
Loan repayments, short-term 0 (61)
Loan borrowings, short-term 0 207
Loan repayments, long-term (40) (39)
UK borrowings (repayments) under line of credit facility, net 156 (179)
Net cash provided by (used in) financing activities 116 (72)
Effect of exchange rate changes on cash and cash equivalents (11) (40)
Net increase (decrease) in cash and cash equivalents 1,451 497
Cash and cash equivalents at beginning of period 12,831 15,788
Cash and cash equivalents at end of period 14,282 16,285
Supplemental disclosure of cash flow information:    
Cash paid for interest 34 31
Cash paid for taxes 276 303
Noncash investing and financing activities       
Leased assets obtained in exchange for operating lease liabilities $ 2,486 $ 0