Intangible Assets, Net

6 Months Ended

Jul. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net, consisted of the following (in thousands):


	July 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Amortization Period
Amortizable intangible assets
Customer relationships	$	3,119	$	(364)	$	2,755	10 years
Restrictive covenant relationships	186		(109)		77		2 years
Trademark	465		(465)		—		1 year
Total amortizable intangible assets	3,770		(938)		2,832
Non-amortizable intangible assets
Technology licenses	$	500	$	—	$	500	n/a
Total intangible assets, net	$	4,270	$	(938)	$	3,332


	January 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Amortization Period
Amortizable intangible assets
Customer relationships	$	3,119	$	(208)	$	2,911	10 years
Restrictive covenant relationships	186		(62)		$	124	2 years
Trademark	465		(310)		$	155	1 year
Total amortizable intangible assets	3,770		(580)		3,190
Non-amortizable intangible assets
Technology licenses	$	500	$	—	$	500	n/a
Total intangible assets, net	$	4,270	$	(580)	$	3,690

Intangible amortization expense was approximately $0.1 million and $0.1 million for the three months ended July 31, 2024 and 2023, respectively, and $0.3 million and $0.1 million during the six months ended July 31, 2024 and 2023, respectively.

The future intangible amortization expense by fiscal year is as follows (in thousands):


	Amount
Remainder of 2025	$	202
2026	343
2027	312
2028	312
2029	312
Thereafter	1,351
Total	$	2,832