Note 3 - Assets Held for Sale and Discontinued Operations (Tables)

3 Months Ended

Apr. 30, 2022

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	April 30, 2022			January 31, 2022
Current assets of discontinued operations:		(in thousands)
Accounts receivable, net		37			177
Inventories, net		2			2
Prepaid expenses and other current assets		156			167
Seismic equipment lease pool and property and equipment, net		40			738
Loss recognized on classification as held for sale		(232	)		(925	)
Total assets of discontinued operations	$	3		$	159

	April 30, 2022		January 31, 2022
Current liabilities of discontinued operations:		(in thousands)
Accounts payable	$	4	$	132
Deferred revenue		56		73
Accrued expenses and other current liabilities		203		507
Income taxes payable		8		241
Total liabilities of discontinued operations		271		953

	For the Three Months Ended April 30,
	2022			2021
Revenues:		(in thousands)
Revenue from discontinued operations	$	—		$	30
Cost of sales:
Cost of discontinued operations		25			373
Operating expenses:
Selling, general and administrative		113			342
Recovery of doubtful accounts		—			(443	)
Depreciation and amortization		—			1
Total operating expenses (income)		113			(100	)
Operating loss		(138	)		(243	)
Other income (expenses)		524			(39	)
Income (loss) before income taxes from discontinued operations		386			(282	)
Provision for income taxes from discontinued operations		—			(1	)
Net Income (loss) from discontinued operations		386			(283	)

	For the Three Months Ended April 30,
	2022			2021
	(in thousands)
Gross profit from sale of lease pool equipment	$	(280	)	$	—
Recovery of doubtful accounts	$	—		$	(443	)
Sale of assets held for sale	$	283		$	187