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Note 7 - Leases | 9 Months Ended
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Oct. 31, 2021
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | 7. Leases The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, Colombia, United Kingdom and Canada. We negotiated the termination of our Colombia lease obligation during the current fiscal year. Lease expense for the three and nine months ended October 31, 2021 was approximately $374,000 and $974,000, respectively, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $14,000 and $42,000, respectively, for the three and nine months ended October 31, 2021. Supplemental balance sheet information related to leases as of October 31, 2021 and January 31, 2021 were as follows (in thousands):
Lease |  | October 31, 2021 |  |  | January 31, 2021 |
Assets |  |  |  |  |  |  |  |
Operating lease assets |  | $ | 1,424 |  |  | $ | 1,471 |
Liabilities |  |  |  |  |  |  |  |
Operating lease liabilities |  | $ | 1,424 |  |  | $ | 1,471 |
Classification of lease liabilities |  |  |  |  |  |  |  |
Current liabilities |  | $ | 308 |  |  | $ | 1,008 |
Non-current liabilities |  |  | 1,116 |  |  |  | 463 |
Total Operating lease liabilities |  | $ | 1,424 |  |  | $ | 1,471 |
Lease-term and discount rate details as of October 31, 2021 and January 31, 2021 were as follows:
Lease term and discount rate |  | October 31, 2021 |  |  | January 31, 2021 |
Weighted average remaining lease term (years) |  |  |  |  |  |  |  |
Operating leases |  |  | 1.35 |  |  |  | 1.09 |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 9.17 | % |  |  | 10 | %
The incremental borrowing rate was calculated using the Company's weighted average cost of capital. Supplemental cash flow information related to leases was as follows (in thousands):
Lease |  | Nine Months Ended October 31, 2021 |  |  | Nine Months Ended October 31, 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | (974 | ) |  | $ | (828 | )
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | $ | 974 |  |  | $ | 828 |
Maturities of lease liabilities at October 31, 2021 were as follows (in thousands):
|  | October 31, 2021 |
2022 |  | $ | 308 |
2023 |  |  | 750 |
2024 |  |  | 346 |
2025 |  |  | 134 |
2026 |  |  | 24 |
Thereafter |  |  | — |
Total payments under lease agreements |  | $ | 1,562 |
Less: imputed interest |  |  | (138 | )
Total lease liabilities |  | $ | 1,424 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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