5.	Balance Sheet


	April 30, 2014			January 31, 2014
	(in thousands)
Accounts receivable:
Accounts receivable	$	33,278		$	33,347
Allowance for doubtful accounts		(3,843	)		(3,833	)

Total accounts receivable, net	$	29,435		$	29,514

Contracts and notes receivable consisted of $963,000, due from three customers as of April 30, 2014 and $1,005,000 due from three customers as of January 31, 2014. The balance of contracts receivable at April 30, 2014 and January 31, 2014 consisted of contracts bearing interest at an average of approximately 8.5% and with remaining repayment terms from two to eight months. These contracts are collateralized by the equipment sold and are considered collectable, thus no allowances have been established for them.


	April 30, 2014			January 31, 2014
	(in thousands)
Inventories:
Raw materials	$	4,335		$	4,599
Finished goods		4,214			4,159
Work in progress		828			612

		9,377			9,370
Less allowance for obsolescence		(1,075	)		(1,032	)

Total inventories, net	$	8,302		$	8,338


	April 30, 2014			January 31, 2014
	(in thousands)
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool	$	260,827		$	261,644
Land and buildings		366			366
Furniture and fixtures		9,120			8,904
Autos and trucks		789			770

		271,102			271,684
Accumulated depreciation and amortization		(146,806	)		(142,111	)

Total seismic equipment lease pool and property and equipment, net	$	124,296		$	129,573