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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2019
Jan. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,986 $ 9,389
Restricted cash 153 160
Accounts receivable, net of allowance for doubtful accounts of $2,113 at April 30, 2019 and January 31, 2019 12,288 12,082
Inventories, net 11,243 10,774
Prepaid expenses and other current assets 2,476 1,735
Assets held for sale 0 2,202
Total current assets 34,146 36,342
Seismic equipment lease pool and property and equipment, net 12,837 14,155
Operating lease right-of-use assets 3,014  
Intangible assets, net 10,140 10,495
Goodwill 2,531 2,531
Deferred tax asset 68 68
Long-term receivables, net of allowance for doubtful accounts of $- at April 30, 2019 and January 31, 2019 465 712
Other assets 1,132 712
Long-term assets held for sale 0 286
Total assets 64,333 65,301
Current liabilities:    
Accounts payable 2,177 1,534
Deferred revenue 616 1,040
Accrued expenses and other current liabilities 3,229 3,738
Income taxes payable 233 224
Operating lease liabilities - current 853  
Liabilities held for sale 0 892
Total current liabilities 7,108 7,428
Operating lease liabilities - non-current 2,161  
Other non-current liabilities 1,141 1,195
Total liabilities 10,410 8,623
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 847 and 830 issued and outstanding at April 30, 2019 and January 31, 2019, respectively 18,739 18,330
Common stock, $0.01 par value; 20,000 shares authorized; 14,049 shares issued at April 30, 2019 and January 31, 2019 140 140
Additional paid-in capital 123,257 123,085
Treasury stock, at cost (1,929 shares at April 30, 2019 and January 31, 2019) (16,860) (16,860)
Accumulated deficit (66,859) (63,973)
Accumulated other comprehensive loss (4,494) (4,044)
Total shareholders’ equity 53,923 56,678
Total liabilities and shareholders’ equity $ 64,333 $ 65,301