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Note 7 - Intangible Assets
6 Months Ended
Jul. 31, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

7. Intangible Assets

 

      

July 31, 2025

  

January 31, 2025

 
  

Weighted

                         
  Average Life at  

Gross Carrying

  

Accumulated

  

Net Carrying

  

Gross Carrying

  

Accumulated

  

Net Carrying

 
  

July 31, 2025

  

Amount

  

Amortization

  

Amount

  

Amount

  

Amortization

  

Amount

 
      

(in thousands)

  

(in thousands)

 

Proprietary rights

  3.4   7,472   (5,708)  1,764   7,472   (5,501)  1,971 

Customer relationships

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

Patents

  0.8   2,540   (2,315)  225   2,540   (2,269)  271 

Trade name

  0.8   134   (121)  13   134   (121)  13 

Other

  0.1   483   (468)  15   481   (428)  53 

Intangible assets

     $15,513  $(13,496) $2,017  $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 six months ended July 31, 2025, there have been no substantive indicators of impairment.

 

Aggregate amortization expense was approximately $145,000 and $294,000 for the three and six months ended July 31, 2025, respectively, and approximately $159,000 and $345,000 for the three and six months ended  July 31, 2024, respectively. As of July 31, 2025, future estimated amortization expense related to amortizable intangible assets was estimated to be:

 

For fiscal years ending January 31,

  (in thousands) 

2026

 $272 

2027

  384 

2028

  315 

2029

  213 

2030

  213 

Thereafter

  620 

Total

 $2,017