XML 65 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net Income (Loss) $ 1,320 $ 1,129
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) doubtful accounts 90 (30)
Deferred income taxes (176) (424)
Depreciation and amortization 533 425
Stock based and restricted stock compensation 407 407
(Gain) loss on disposal of property and equipment 0 27
Equity in (earnings) loss of equity investment 147 27
Revaluation of earnout consideration (493) 0
(Increase) decrease in operating assets    
Accounts receivable 865 725
Inventories 178 (2,222)
Prepaid VAT and other taxes (614) 23
Other current assets (1,644) (670)
Increase (decrease) in operating liabilities    
Accounts payable 1,181 2,316
Accrued expenses and other liabilities 1,854 143
Operating lease liabilities 22 35
Net cash provided by operating activities 3,670 1,911
Cash flows from investing activities:    
Purchases of property and equipment (690) (465)
Investments 0 (1,891)
Net cash (used in) investing activities: (690) (2,356)
Cash flows from financing activities:    
Short-term borrowings (repayments) (290) 0
Purchase of treasury stock under stock repurchase program (276) (406)
Dividends paid (246)  
Shares returned to pay employee taxes under restricted stock program (339) (678)
Net cash (used in) financing activities (1,151) (1,084)
Effect of exchange rate changes on cash and cash equivalents (447) (336)
Net increase (decrease) in cash and cash equivalents 1,382 (1,865)
Cash and cash equivalents at beginning of period 24,639 52,719
Cash and cash equivalents at end of period 26,021 50,854
Supplemental disclosure of cash flow information:    
Cash paid for interest 1 9
Cash paid for taxes 893 1,098
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 91 $ 0