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Note 13 - Subsequent Events
12 Months Ended
Jan. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 13 - Subsequent events

 

On February 1, 2024, the Company entered into a settlement agreement ("Settlement Agreement") due to a legal proceeding that arose in 2018 regarding a series of projects executed during years ended 2015-2016 for an existing customer. Pursuant to this Settlement Agreement, the Company will pay the counter party approximately $0.8 million to resolve the matter, subject to certain terms and conditions therein, including a limitation on future claims that pertain to the projects contained in this legal proceeding. In connection with this Settlement Agreement, the Company recognized an expense of approximately $0.8 million which is presented as a component of other expense in the Company's consolidated statement of operations for the year ended  January 31, 2024. Additionally, this amount is presented as a component of other accrued liabilities within the Company's consolidated balance sheets as of  January 31, 2024.

 

The Company has evaluated subsequent events through  April 26, 2024, the date the financial statements were issued. Apart from what is described above, there were no other identified material subsequent events that occurred during this time that required to be recognized and/or disclosed in the Company's consolidated financial statements.