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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Revenues:        
Sales of marine technology products $ 10,036,000 $ 7,561,000 $ 19,714,000 $ 18,158,000
Cost of sales:        
Sales of marine technology products 5,258,000 4,620,000 10,718,000 10,681,000
Gross profit 4,778,000 2,941,000 8,996,000 7,477,000
Operating expenses:        
Selling, general and administrative 2,784,000 2,913,000 5,543,000 6,219,000
Research and development 328,000 493,000 790,000 971,000
Depreciation and amortization 236,000 302,000 503,000 635,000
Total operating expenses 3,348,000 3,708,000 6,836,000 7,825,000
Operating income (loss) 1,430,000 (767,000) 2,160,000 (348,000)
Other income (expense):        
Interest expense 0 (163,000) 0 (367,000)
Other, net 40,000 238,000 509,000 310,000
Total other income (expense) 40,000 75,000 509,000 (57,000)
Income (loss) from continuing operations before income taxes 1,470,000 (692,000) 2,669,000 (405,000)
Provision for income taxes (672,000) (66,000) (917,000) (477,000)
Net income (loss) from continuing operations 798,000 (758,000) 1,752,000 (882,000)
Loss from discontinued operations, net of income taxes 0 (736,000) 0 (852,000)
Net income (loss) 798,000 (1,494,000) 1,752,000 (1,734,000)
Preferred stock dividends - declared 0 0 0 0
Preferred stock dividends - undeclared (947,000) (947,000) (1,894,000) (1,894,000)
Net loss attributable to common stockholders $ (149,000) $ (2,441,000) $ (142,000) $ (3,628,000)
Net loss per common share - Basic and Diluted        
Continuing operations (in dollars per share) $ (0.11) $ (1.21) $ (0.1) $ (1.97)
Discontinued operations (in dollars per share) 0 (0.52) 0 (0.61)
Net loss (in dollars per share) $ (0.11) $ (1.74) $ (0.1) $ (2.58)
Shares used in computing net income (loss) per common share:        
Basic and diluted (in shares) 1,406 1,406 1,406 1,406