PROPERTY AND EQUIPMENT NET

12 Months Ended

Jan. 31, 2023

PROPERTY AND EQUIPMENT NET

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

Property and equipment consists of the following:

	Useful Life in	January 31,
	Years	2023			2022
		(000’s)			(000’s)
Machinery and equipment	3-10	$	5,436		$	4,826
Furniture and fixtures	3-10		492			1,067
Leasehold improvements	Lease term		2,094			2,237
Computer hardware and software	3		5,015			4,741
Land and building	20-30		9,508			9,183
			22,546			22,054
Less accumulated depreciation and amortization			(14,406	)		(13,372	)
Construction-in-progress			1,001			32
		$	9,140		$	8,714

Depreciation and amortization expense for FY23 and FY22 amounted to $1.4 million and $1.9 million, respectively.