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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Revenues:        
Sales of marine technology products $ 12,105,000 $ 4,974,000 $ 31,819,000 $ 23,132,000
Cost of sales:        
Sales of marine technology products 6,684,000 2,721,000 17,402,000 13,402,000
Gross profit 5,421,000 2,253,000 14,417,000 9,730,000
Operating expenses:        
Selling, general and administrative 2,762,000 2,941,000 8,305,000 9,160,000
Research and development 562,000 508,000 1,352,000 1,479,000
Depreciation and amortization 221,000 257,000 724,000 892,000
Total operating expenses 3,545,000 3,706,000 10,381,000 11,531,000
Operating income (loss) 1,876,000 (1,453,000) 4,036,000 (1,801,000)
Other income (expense):        
Interest expense 0 (169,000) 0 (536,000)
Other, net (189,000) 25,000 320,000 336,000
Total other income (expense) (189,000) (144,000) 320,000 (200,000)
Income (loss) from continuing operations before income taxes 1,687,000 (1,597,000) 4,356,000 (2,001,000)
Provision for income taxes (396,000) (112,000) (1,313,000) (590,000)
Net income (loss) from continuing operations 1,291,000 (1,709,000) 3,043,000 (2,591,000)
Income from discontinued operations, net of income taxes 0 2,277,000 0 1,424,000
Net income (loss) 1,291,000 568,000 3,043,000 (1,167,000)
Preferred stock dividends - declared 0 (947,000) 0 (947,000)
Preferred stock dividends - undeclared (368,000) 0 (2,262,000) (1,894,000)
Effect of preferred stock conversion 14,785,000 0 14,785,000 0
Net Income (loss) attributable to common stockholders $ 15,708,000 $ (379,000) $ 15,566,000 $ (4,008,000)
Net Income (loss) per common share - Basic and Diluted        
Continuing operations (in dollars per share) $ 2.87 $ (1.89) $ 5.62 $ (3.86)
Discontinued operations (in dollars per share) 0 1.62 0 1.01
Net income (loss) (in dollars per share) $ 2.87 $ (0.27) $ 5.62 $ (2.85)
Shares used in computing net income (loss) per common share:        
Basic and diluted (in shares) 5,473 1,406 2,772 1,406