XML 17 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Cash flows from operating activities:    
Net loss $ (2,415) $ (5,905)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,131 3,303
Stock-based compensation 172 126
Provision for doubtful accounts, net of charge offs 0 (200)
Gross profit from sale of lease pool equipment (363) (536)
Deferred tax expense 135 (202)
Changes in:    
Accounts receivable 76 2,418
Unbilled revenue 5 (930)
Inventories (501) (844)
Prepaid expenses and other current assets (672) (1,520)
Income taxes receivable and payable 2 642
Accounts payable, accrued expenses and other current liabilities (382) (47)
Deferred revenue (23) 313
Foreign exchange (gains) losses, net (16) 16
Net cash used in operating activities (1,851) (3,366)
Cash flows from investing activities:    
Purchases of seismic equipment held for lease 0 (190)
Acquisition of assets 0 (3,000)
Purchases of property and equipment (366) (113)
Sale of used lease pool equipment 730 1,620
Sale of business, net of cash sold 239 0
Net cash (used in) provided by investing activities 603 (1,683)
Cash flows from financing activities:    
Net proceeds from preferred stock offering 409 3,812
Preferred stock dividends (471) (385)
Net cash provided by (used in) financing activities (62) 3,427
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash (100) 322
Net decrease in cash, cash equivalents and restricted cash (1,410) (1,300)
Cash, cash equivalents and restricted cash, beginning of period 9,549 10,146
Cash, cash equivalents and restricted cash, end of period 8,139 8,846
Supplemental cash flow information:    
Interest paid 14 1
Income taxes paid 97 46
Purchases of seismic equipment held for lease in accounts payable at end of period $ 0 $ 1,186