PROPERTY AND EQUIPMENT NET

12 Months Ended

Jan. 31, 2024

PROPERTY AND EQUIPMENT NET

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following (in $000s):

	Useful Life	January 31,
	in Years	2024			2023
Machinery and equipment	3-10	$	10,773		$	5,436
Furniture and fixtures	3-10		988			492
Leasehold improvements	Lease term		2,388			2,094
Computer hardware and software	3		5,430			5,015
Land and building	20-30		7,625			9,508
			27,203			22,546
Less accumulated depreciation and amortization			(17,600	)		(14,406	)
Construction-in-progress			1,081			1,001
		$	10,685		$	9,140

Depreciation and amortization expense for FY24 and FY23 amounted to $1.9 million and $1.4 million, respectively.