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Note 11 - Leases | 3 Months Ended
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Apr. 30, 2025
Notes to Financial Statements |
Lessee, Operating and Finance Leases [Text Block] | Note 11 - Leases Operating Leases. In August 2020, the Company entered into a new lease in Abu Dhabi for land upon which the Company built a facility. The initial annual payments were approximately 1.2 million U.A.E. Dirhams (approximately $0.3 million at April 30, 2025), inclusive of rent, escalation clauses, and other common charges contained in the agreement. The lease expires in August 2050. Finance Leases. At April 30, 2025, the Company had finance lease liabilities of $0.1 million included in current maturities of long-term debt and long-term debt less current maturities, and financial ROU assets of $0.2 million which were included in property plant and equipment, net of accumulated depreciation in the consolidated balance sheets. Supplemental balance sheet information related to leases is as follows:
Operating and Finance leases |  | April 30, 2025 |  |  | January 31, 2025 |
Finance leases assets: |  |  |  |  |  |  |  |
Property and Equipment - gross |  | $ | 942 |  |  | $ | 899 |
Accumulated depreciation and amortization |  |  | (706 | ) |  |  | (626 | )
Property and Equipment - net |  | $ | 236 |  |  | $ | 273 |
Finance lease liabilities: |  |  |  |  |  |  |  |
Finance lease liability short-term |  | $ | 34 |  |  | $ | 32 |
Finance lease liability long-term |  |  | 36 |  |  |  | 43 |
Total finance lease liabilities |  | $ | 70 |  |  | $ | 75 |
Operating lease assets: |  |  |  |  |  |  |  |
Operating lease ROU assets |  | $ | 8,617 |  |  | $ | 8,199 |
Operating lease liabilities: |  |  |  |  |  |  |  |
Operating lease liability short-term |  | $ | 1,208 |  |  | $ | 1,071 |
Operating lease liability long-term |  |  | 8,094 |  |  |  | 7,713 |
Total operating lease liabilities |  | $ | 9,302 |  |  | $ | 8,784 |
Total lease costs consist of the following:
|  |  | Three Months Ended April 30, |
Lease costs | Consolidated Statements of Operations Classification |  | 2025 |  |  | 2024 |
Finance Lease Costs |  |  |  |  |  |  |  |  |
Amortization of ROU assets | Cost of sales |  | $ | 49 |  |  | $ | 38 |
Interest on lease liabilities | Interest expense |  |  | 1 |  |  |  | 2 |
Operating lease costs | Cost of sales, SG&A expenses |  |  | 534 |  |  |  | 455 |
Short-term lease costs (1) | Cost of sales, SG&A expenses |  |  | 391 |  |  |  | 143 |
Total Lease costs |  | $ | 975 |  |  | $ | 638 |
(1) Includes variable lease costs, which are not material. Supplemental cash flow information related to leases is as follows:
|  | Three Months Ended April 30,
|  | 2025 |  |  | 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Financing cash outflows from finance leases |  | $ | 8 |  |  | $ | 8 |
Operating cash outflows from finance leases |  |  | 1 |  |  |  | 2 |
Operating cash outflows from operating leases |  |  | 315 |  |  |  | 454 |
Weighted-average lease terms and discount rates are as follows:
|  | April 30, 2025 |
Weighted-average remaining lease terms (in years): |  |  |  |
Finance leases |  |  | 2.0 |
Operating leases |  |  | 12.5 |
Weighted-average discount rates: |  |  |  |
Finance leases |  |  | 6.4 | %
Operating leases |  |  | 9.0 | %
Maturities of lease liabilities as of April 30, 2025, are as follows:
|  |  | Operating Leases |  |  |  | Finance Leases |
For the year ended January 31, 2026 |  | $ | 1,781 |  |  | $ | 28 |
For the year ended January 31, 2027 |  |  | 2,094 |  |  |  | 37 |
For the year ended January 31, 2028 |  |  | 2,120 |  |  |  | 9 |
For the year ended January 31, 2029 |  |  | 1,791 |  |  |  | - |
For the year ended January 31, 2030 |  |  | 899 |  |  |  | - |
For the year ended January 31, 2031 |  |  | 355 |  |  |  | - |
Thereafter |  |  | 6,807 |  |  |  | - |
Total lease payments |  | $ | 15,847 |  |  | $ | 74 |
Less: amount representing interest |  |  | (6,545 | ) |  |  | (4 | )
Total lease liabilities at April 30, 2025 |  | $ | 9,302 |  |  | $ | 70 |
Rent expense attributable to operating leases was $0.9 million and $0.6 million for the three months ended April 30, 2025 and 2024, respectively.

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