v3.22.1
Sale of Latin American Subsidiary
12 Months Ended
Jan. 29, 2022
Latin American Subsidiary [Member]  
Sale of Latin American Subsidiary

NOTE 12—SALE OF LATIN AMERICAN SUBSIDIARY 

On April 6, 2020, the Company entered into a definitive agreement with an employee of the Company to sell all of its ownership interest in Verablue Caribbean Group, S.R.L. (“Verablue”), the Company’s subsidiary that operated 7 retail electronics stores in in the Dominican Republic.  The buyers assumed all liabilities of Verablue, and agreed to pay the Company $100,000 in additional consideration, evidenced by a 6-month installment promissory note.  Verablue has been classified as a discontinued operation in our consolidated financial statements for all periods presented.