XML 60 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:    
Net loss $ (7,579) $ (15,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,806 9,184
Stock-based compensation 611 575
Provision for doubtful accounts, net of charge offs 0 200
Provision for inventory obsolescence 23 140
Gross profit from sale of lease pool equipment (987) (1,848)
Loss on sale of business 0 4,905
Deferred tax expense 135 (365)
Non-Current prepaid tax (157) 472
Changes in:    
Accounts receivable (1,020) (878)
Unbilled revenue (302) (2,435)
Inventories (2,835) (1,304)
Prepaid expenses and other current assets 240 (1,158)
Accounts payable, accrued expenses and other current liabilities (392) (626)
Deferred revenue 1,979 527
Foreign exchange losses net of gains 230 336
Net cash used in operating activities (4,248) (7,960)
Cash flows from investing activities:    
Purchases of seismic equipment held for lease (1,939) (1,424)
Acquisition of assets 0 (3,000)
Purchases of property and equipment (893) (696)
Sale of used lease pool equipment 1,415 4,124
Sale of business, net of cash sold 239 (147)
Net cash used in investing activities (1,178) (1,143)
Cash flows from financing activities:    
Proceeds from exercise of stock options 25 0
Net proceeds from preferred stock offering 2,211 6,135
Preferred stock dividends (1,492) (1,245)
Net cash provided by financing activities 744 4,890
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash (68) (314)
Net decrease in cash, cash equivalents and restricted cash (4,750) (4,527)
Cash, cash equivalents and restricted cash, beginning of period 9,549 10,146
Cash, cash equivalents and restricted cash, end of period 4,799 5,619
Supplemental cash flow information:    
Interest paid 40 2
Income taxes paid 325 414
Purchases of seismic equipment held for lease in accounts payable at end of period 753 264
Purchase of seismic equipment held for lease through settlement of accounts receivable $ 826 $ 0