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Note 7 - Intangible Assets
3 Months Ended
Apr. 30, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

7. Intangible Assets

 

      

April 30, 2025

  

January 31, 2025

 
  

Weighted

                         
  Average Life at  

Gross Carrying

  

Accumulated

  

Net Carrying

  

Gross Carrying

  

Accumulated

  

Net Carrying

 
  

April 30, 2025

  

Amount

  

Amortization

  

Amount

  

Amount

  

Amortization

  

Amount

 
      

(in thousands)

  

(in thousands)

 

Proprietary rights

  3.6   7,472   (5,606)  1,866   7,472   (5,501)  1,971 

Customer relationships

     4,884   (4,884)     4,884   (4,884)   

Patents

  0.9   2,540   (2,292)  248   2,540   (2,269)  271 

Trade name

  1.1   134   (121)  13   134   (121)  13 

Other

  0.1   483   (448)  35   481   (428)  53 

Intangible assets

     $15,513  $(13,351) $2,162  $15,511  $(13,203) $2,308 

 

On January 31, 2025, the Company completed an annual review of amortizable intangible assets. Based on a review of qualitative factors, it was determined that there were no events or changes in circumstances indicating that the carrying value of amortizable intangible assets was not recoverable. During the three months ended April 30, 2025, there have been no substantive indicators of impairment.

 

Aggregate amortization expense was approximately $148,000 and $185,000 for the three months ended April 30, 2025, and  April 30, 2024, respectively. As of April 30, 2025, future estimated amortization expense related to amortizable intangible assets was estimated to be:

 

For fiscal years ending January 31,

  (in thousands) 

2026

 $419 

2027

  382 

2028

  315 

2029

  213 

2030

  213 

Thereafter

  620 

Total

 $2,162