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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2020
Jan. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,090 $ 9,389
Restricted cash 144 160
Accounts receivable, net of allowance for doubtful accounts of $4,054 and $2,113 at January 31, 2020 and 2019, respectively 11,921 12,082
Inventories, net 13,261 10,774
Prepaid expenses and other current assets 2,211 1,735
Assets held for sale 0 2,202
Total current assets 30,627 36,342
Seismic equipment lease pool and property and equipment, net 13,777 14,155
Operating lease right-of-use assets 2,300  
Intangible assets, net 8,161 10,495
Goodwill 2,531 2,531
Non-current prepaid income taxes 0 128
Deferred tax asset 0 68
Long-term receivables, net of allowance for doubtful accounts of $- and $- at January 31, 2020 and January 31, 2019, respectively 403 712
Other assets 429 584
Long-term assets held for sale 0 286
Total assets 58,228 65,301
Current liabilities:    
Accounts payable 2,650 1,534
Deferred revenue 765 1,040
Accrued expenses and other current liabilities 3,452 3,738
Income taxes Payable 242 224
Operating lease liabilities - current 1,339  
Liabilities held for sale 0 892
Total current liabilities 8,448 7,428
Operating lease liabilities - non-current 961  
Other non-current liabilities 967 1,195
Deferred tax liability 200 0
Total liabilities 10,576 8,623
Commitments and contingencies (Notes 10,16, and 20)
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 994 and 830 shares issued and outstanding at January 31, 2020, and 2019, respectively 22,104 18,330
Common stock $.01 par value; 20,000 shares authorized; 14,097 and 14,049 shares issued at January 31, 2020 and 2019, respectively 141 140
Additional paid-in capital 123,964 123,085
Treasury stock, at cost (1,929 shares at January 31, 2020 and 2019) (16,860) (16,860)
Accumulated deficit (77,310) (63,973)
Accumulated other comprehensive loss (4,387) (4,044)
Total shareholders’ equity 47,652 56,678
Total liabilities and shareholders’ equity $ 58,228 $ 65,301