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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2018
Jan. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,406 $ 9,902
Restricted cash 213 244
Accounts and contracts receivable, net of allowance for doubtful accounts of $3,108 and $3,885 at October 31, 2018 and January 31, 2018, respectively 17,440 10,494
Inventories, net 11,679 10,856
Prepaid expenses and other current assets 1,603 1,550
Total current assets 36,341 33,046
Seismic equipment lease pool and property and equipment, net 16,655 22,900
Intangible assets, net 10,911 8,015
Goodwill 2,531 2,531
Non-current prepaid income taxes 1,434 1,609
Deferred tax asset 58 0
Long-term receivables, net of allowance for doubtful accounts of $532 and $2,282 at October 31, 2018 and January 31, 2018, respectively 0 4,652
Other assets 609 926
Total assets 68,539 73,679
Current liabilities:    
Accounts payable 2,096 1,271
Deferred revenue 156 741
Accrued expenses and other current liabilities 5,477 5,253
Income taxes payable 556 258
Total current liabilities 8,285 7,523
Deferred tax liability 0 307
Total liabilities 8,285 7,830
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 798 and 532 issued and outstanding at October 31, 2018 and January 31, 2018, respectively 17,612 11,544
Common stock, $0.01 par value; 20,000 shares authorized; 14,049 and 14,019 shares issued at October 31, 2018 and January 31, 2018, respectively 140 140
Additional paid-in capital 122,879 122,304
Treasury stock, at cost (1,929 shares at October 31, 2018 and January 31, 2018) (16,860) (16,860)
Accumulated deficit (59,355) (42,425)
Accumulated other comprehensive loss (4,162) (8,854)
Total shareholders’ equity 60,254 65,849
Total liabilities and shareholders’ equity $ 68,539 $ 73,679