Sale of Latin American Subsidiary |
12 Months Ended |
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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.
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