Note 4 - Discontinued Operations

9 Months Ended

Oct. 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 nine-month period ended October 31, 2023.

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

	For the Three Months Ended October 31,					For the Nine Months Ended October 31,
	2024		2023			2024		2023
Revenues:	(in thousands)
Revenue from discontinued operations	$	—	$	140		$	—	$	3,318
Cost of sales:
Cost of discontinued operations		—		11			—		1,982
Operating expenses:
Selling, general and administrative		—		179			—		1,348
Research and development		—		45			—		689
Depreciation and amortization		—		18			—		324
Total operating expenses		—		242			—		2,361
Operating loss		—		(113	)		—		(1,025	)
Other income		—		2					73
Gain on sale of Klein		—		2,393			—		2,393
Income before income taxes from discontinued operations		—		2,282			—		1,441
Provision for income taxes from discontinued operations		—		(5	)		—		(17	)
Net Income from discontinued operations		—		2,277			—		1,424

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

	For the Nine Months Ended October 31,
	2024		2023
	(in thousands)
Depreciation and amortization	$	—	$	324
Gain on sale of Klein	$	—	$	2,393