Note 6 - Balance Sheet - Continuing Operations

3 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

6. Balance Sheet - Continuing Operations

	As of April 30, 2022								As of January 31, 2022
	(in thousands)
	Current			Long-term		Total			Current			Long-term		Total
Accounts receivable	$	9,881		$	428	$	9,453		$	8,610		$	650	$	9,260
Less allowance for doubtful accounts		(484	)		—		(484	)		(484	)		—		(484	)
Accounts receivable net of allowance for doubtful accounts	$	9,397		$	428	$	8,969		$	8,126		$	650	$	8,776

	April 30, 2022			January 31, 2022
	(in thousands)
Inventories:
Raw materials	$	8,005		$	8,511
Finished goods		4,300			3,806
Work in progress		3,838			3,567
Cost of inventories		16,143			15,884
Less allowance for obsolescence		(1,900	)		(1,878	)
Total inventories, net	$	14,243		$	14,006

	April 30, 2022			January 31, 2022
	(in thousands)
Property and equipment:
Furniture and fixtures	$	9,856		$	9,865
Autos and trucks		512			495
Marine seismic service equipment		—			3,880
Land and buildings		4,596			4,555
Cost of property and equipment		14,964			18,795
Accumulated depreciation and amortization		(10,902	)		(14,523	)
Total property and equipment, net	$	4,062		$	4,272

As of January 31, 2022, the Company completed an annual review of long-lived assets noting that the undiscounted future cash flows exceeded their carrying value and no impairment was recorded. Since January 31, 2022, there have been no significant changes to the market, economic or legal environment in which the Company operates that would indicate additional impairment analysis is necessary as of April 30, 2022.