XML 51 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2019
Jan. 31, 2019
Current assets:    
Cash and cash equivalents $ 4,650 $ 9,389
Restricted cash 149 160
Accounts receivable, net of allowance for doubtful accounts of $2,069 and $2,113 at October 31, 2019 and January 31, 2019, respectively 12,947 12,082
Inventories, net 13,559 10,774
Prepaid expenses and other current assets 1,521 1,735
Assets held for sale 0 2,202
Total current assets 32,826 36,342
Seismic equipment lease pool and property and equipment, net 14,021 14,155
Operating lease right-of-use assets 2,455  
Intangible assets, net 9,453 10,495
Goodwill 2,531 2,531
Deferred tax asset 68 68
Long-term receivables, net of allowance for doubtful accounts of $- at October 31, 2019 and January 31, 2019 0 712
Other assets 1,142 712
Long-term assets held for sale 0 286
Total assets 62,496 65,301
Current liabilities:    
Accounts payable 3,483 1,534
Deferred revenue 210 1,040
Accrued expenses and other current liabilities 5,174 3,738
Income taxes payable 65 224
Operating lease liabilities - current 367  
Liabilities held for sale 0 892
Total current liabilities 9,299 7,428
Operating lease liabilities - non-current 2,088  
Other non-current liabilities 1,031 1,195
Total liabilities 12,418 8,623
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 928 and 830 shares issued and outstanding at October 31, 2019 and January 31, 2019, respectively 20,540 18,330
Common stock, $0.01 par value; 20,000 shares authorized; 14,097 and 14,049 shares issued at October 31, 2019 and January 31, 2019, respectively 141 140
Additional paid-in capital 123,721 123,085
Treasury stock, at cost (1,929 shares at October 31, 2019 and January 31, 2019) (16,860) (16,860)
Accumulated deficit (73,044) (63,973)
Accumulated other comprehensive loss (4,420) (4,044)
Total shareholders’ equity 50,078 56,678
Total liabilities and shareholders’ equity $ 62,496 $ 65,301