5.	Balance Sheet


	April 30, 2015			January 31, 2015
	(in thousands)
Accounts receivable:
Accounts receivable	$	34,188		$	30,032
Allowance for doubtful accounts		(6,442	)		(6,339	)

Total accounts receivable, net	$	27,746		$	23,693

Contracts and notes receivable consisted of $3.2 million, due from two customers as of April 30, 2015 and $3.6 million due from three customers as of January 31, 2015. Notes receivable of $2,370,000 at April 30, 2015 relate to promissory notes issued by a customer in settlement of a trade account receivable. The balance of contracts receivable at April 30, 2015 and January 31, 2015 consisted of contracts bearing interest at an average of approximately 2.2% and 1.9% respectively and with remaining repayment terms from one to ten months at April 30, 2015. These contracts are collateralized by the equipment sold and are considered collectable, thus no allowances have been established for them.


	April 30, 2015			January 31, 2015
	(in thousands)

Inventories:
Raw materials	$	6,319		$	6,718
Finished goods		5,754			4,466
Work in progress		1,252			1,017

		13,325			12,201
Less allowance for obsolescence		(817	)		(750	)

Total inventories, net	$	12,508		$	11,451


	April 30, 2015			January 31, 2015
	(in thousands)

Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool	$	249,236		$	243,211
Land and buildings		366			366
Furniture and fixtures		9,563			9,399
Autos and trucks		732			722

		259,897			253,698
Accumulated depreciation and amortization		(164,128	)		(153,611	)

Total seismic equipment lease pool and property and equipment, net	$	95,769		$	100,087