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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2019
Jan. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,489 $ 9,389
Restricted cash 150 160
Accounts receivable, net of allowance for doubtful accounts of $2,073 and $2,113 at July 31, 2019 and January 31, 2019, respectively 10,649 12,082
Inventories, net 13,115 10,774
Prepaid expenses and other current assets 3,323 1,735
Assets held for sale 0 2,202
Total current assets 34,726 36,342
Seismic equipment lease pool and property and equipment, net 11,841 14,155
Operating lease right-of-use assets 2,738  
Intangible assets, net 9,909 10,495
Goodwill 2,531 2,531
Deferred tax asset 68 68
Long-term receivables, net of allowance for doubtful accounts of $- at July 31, 2019 and January 31, 2019 90 712
Other assets 1,144 712
Long-term assets held for sale 0 286
Total assets 63,047 65,301
Current liabilities:    
Accounts payable 1,977 1,534
Deferred revenue 405 1,040
Accrued expenses and other current liabilities 4,650 3,738
Income taxes payable 177 224
Operating lease liabilities - current 720  
Liabilities held for sale 0 892
Total current liabilities 7,929 7,428
Operating lease liabilities - non-current 2,018  
Other non-current liabilities 1,086 1,195
Total liabilities 11,033 8,623
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 917 and 830 shares issued and outstanding at July 31, 2019 and January 31, 2019, respectively 20,310 18,330
Common stock, $0.01 par value; 20,000 shares authorized; 14,058 and 14,049 shares issued at July 31, 2019 and January 31, 2019, respectively 141 140
Additional paid-in capital 123,452 123,085
Treasury stock, at cost (1,929 shares at July 31, 2019 and January 31, 2019) (16,860) (16,860)
Accumulated deficit (70,494) (63,973)
Accumulated other comprehensive loss (4,535) (4,044)
Total shareholders’ equity 52,014 56,678
Total liabilities and shareholders’ equity $ 63,047 $ 65,301