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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:    
Net income $ 5,425 $ 1,873
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Provision for (recovery of) doubtful accounts 57 134
Deferred income taxes (818) 75
Depreciation and amortization 2,111 1,505
Stock based and restricted stock compensation 1,365 1,491
(Gain) loss on disposal of property and equipment (3,764) (6)
Equity in (earnings) loss of equity investment 629 411
Revaluation of earnout consideration (2,538) 0
(Increase) decrease in operating assets:    
Accounts receivable (853) (2,278)
Inventories 7,738 (9,710)
Prepaid VAT and other taxes (789) (260)
Other current assets (15) 1,478
Increase (decrease) in operating liabilities:    
Accounts payable 417 36
Accrued expenses and other liabilities 982 69
Operating lease liabilities 955 (269)
Net cash provided by (used in) operating activities 10,912 (5,451)
Cash flows from investing activities:    
Purchases of property and equipment (2,069) (1,985)
Proceeds from sale of fixed assets 4,559 0
Acquisition, net of cash acquired (5,452) (9,722)
Investments (2,154) (3,061)
Net cash used in investing activities (5,116) (14,768)
Cash flows from financing activities    
Short term borrowings 5,664 (405)
Short term borrowings - repayments (7,455) 0
Dividends paid (908) 0
Purchase of Treasury Stock under stock repurchase program (333) (5,439)
Shares returned to pay employee taxes under restricted stock program (420) (842)
Net cash used in financing activities (3,452) (5,876)
Effect of exchange rate changes on cash and cash equivalents (1,761) (1,985)
Net increase (decrease) in cash and cash equivalents 583 (28,080)
Cash and cash equivalents at beginning of year 24,639 52,719
Cash and cash equivalents at end of year 25,222 24,639
Cash paid for interest 63 37
Cash paid for taxes 2,169 3,151
Noncash investing and financing activities    
Leased assets obtained in exchange for operating lease liabilities $ 6,110 $ 1,148