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Other Current Assets
6 Months Ended
Jul. 31, 2020
Other Current Assets  
6. Other Current Assets

6. Other Current Assets

 

As of July 31, 2020 and January 31, 2020, the Company’s other current assets were comprised of the following:

 

 

 

July 31,

2020

 

 

January 31,

2020

 

 

 

 

 

 

 

 

Prepaid maintenance contracts

 

$259

 

 

$144

 

Prepaid insurance

 

 

251

 

 

 

49

 

Prepaid material and supplies

 

 

1,955

 

 

 

1,313

 

UK factoring (due from HSBC)

 

 

1,250

 

 

 

113

 

Prepaid other

 

 

499

 

 

 

414

 

 

 

$4,214

 

 

$2,033

 

The UK factoring account represents trade receivables collected on our behalf that have not yet been conveyed to the Company by HSBC. The increase is due to the increase in sales in the EEC.