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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2019
Oct. 31, 2018
Revenues:        
Sale of marine technology products $ 8,062 $ 9,277 $ 20,762 $ 18,720
Equipment leasing 2,305 3,166 7,002 7,493
Sale of lease pool and other equipment 296 2,208 1,654 4,401
Total revenues 10,663 14,651 29,418 30,614
Cost of sales:        
Sale of marine technology products 4,728 4,904 12,070 10,206
Equipment leasing (including lease pool depreciation of $1,168 and $2,176 for the three months ended October 31, 2019 and 2018, respectively, and $3,757 and $7,275 for the nine months ended October 31, 2019 and 2018, respectively) 1,833 3,296 6,124 10,120
Equipment sales 51 1,227 550 1,959
Total cost of sales 6,612 9,427 18,744 22,285
Gross profit 4,051 5,224 10,674 8,329
Operating expenses:        
Selling, general and administrative 4,705 4,819 14,732 15,953
Research and development 629 175 1,442 857
Provision for doubtful accounts 0 0 0 200
Depreciation and amortization 646 579 1,947 1,816
Total operating expenses 5,980 5,573 18,121 18,826
Operating loss (1,929) (349) (7,447) (10,497)
Other income (expense):        
Loss on sale (including $5,355 of net cumulative translation loss) 0 (4,905) 0 (4,905)
Interest (expense) income, net (12) 12 (34) 47
Other, net (27) (198) 65 (57)
Total other (expense) income (39) (5,091) 31 (4,915)
Loss before income taxes (1,968) (5,440) (7,416) (15,412)
(Provision) benefit for income taxes (60) 249 (163) (273)
Net loss (2,028) (5,191) (7,579) (15,685)
Preferred stock dividends (522) (449) (1,492) (1,245)
Net loss attributable to common shareholders $ (2,550) $ (5,640) $ (9,071) $ (16,930)
Net loss per common share:        
Basic (in usd per share) $ (0.21) $ (0.47) $ (0.75) $ (1.40)
Diluted (in usd per share) $ (0.21) $ (0.47) $ (0.75) $ (1.40)
Shares used in computing net loss per common share:        
Basic (in shares) 12,158 12,119 12,135 12,100
Diluted (in shares) 12,158 12,119 12,135 12,100