PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jan. 31, 2025

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

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

	Useful Life in		January 31,
	Years		2025			2024
Machinery and equipment	3-10		$	14,180		$	10,773
Furniture and fixtures	3-10			1,176			988
Leasehold improvements	Shorter of lease term or useful life			3,059			2,388
Computer hardware and software		3		5,141			5,430
Land and building	20-30			7,623			7,625
				31,179			27,203
Less accumulated depreciation and amortization				(18,201	)		(17,600	)
Construction-in-progress				970			1,081
			$	13,948		$	10,685

Depreciation and amortization expense for FY25 and FY24 amounted to $2.6 million and $1.9 million, respectively.