Note 4 - Discontinued Operations

6 Months Ended

Jul. 31, 2024

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

4. Discontinued Operations

On August 21, 2023, the Company sold Klein pursuant to the SPA with the Buyer. As a result, its results of operations are reported as discontinued operations for the three and six-month period ended July 31, 2023.

The results of operations from discontinued operations for the three and six months ended July 31, 2024 and 2023 consist of the following:

	For the Three Months Ended July 31,					For the Six Months Ended July 31,
	2024		2023			2024		2023
Revenues:	(in thousands)
Revenue from discontinued operations	$	—	$	1,189		$	—	$	3,178
Cost of sales:
Cost of discontinued operations		—		863			—		1,971
Operating expenses:
Selling, general and administrative		—		600			—		1,168
Research and development		—		349			—		644
Depreciation and amortization		—		158			—		306
Total operating expenses		—		1,107			—		2,118
Operating loss		—		(781	)		—		(911	)
Other income		—		55			—		76
Loss before income taxes from discontinued operations		—		(726	)		—		(835	)
Provision for income taxes from discontinued operations		—		(10	)		—		(17	)
Net loss from discontinued operations		—		(736	)		—		(852	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:

	For the Six Months Ended July 31,
	2024		2023
	(in thousands)
Depreciation and amortization	$	—	$	306