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Note 22 - Sales and Major Customers | 12 Months Ended
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Jan. 31, 2022
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 5. Revenue from Contracts with Customers The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:
|  | Twelve Months Ended January 31, |
|  | 2022 |  |  | 2021 |
Revenue recognized at a point in time: |  | (in thousands) |
Seamap |  | $ | 16,422 |  |  | $ | 16,304 |
Klein |  |  | 5,428 |  |  |  | 4,145 |
Total revenue recognized at a point in time |  | $ | 21,850 |  |  | $ | 20,449 |
Revenue recognized over time: |  |  |  |  |  |  |  |
Seamap |  | $ | 871 |  |  | $ | 766 |
Klein |  | $ | 386 |  |  |  |  |
Total revenue recognized over time |  |  | 1,257 |  |  |  | 766 |
Total revenue from contracts with customers |  | $ | 23,107 |  |  | $ | 21,215 |
The revenue from products manufactured and sold by our Seamap and Klein businesses, is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. However, from time to time our Seamap and Klein businesses provide repair and maintenance services, or perform upgrades, on customer owned equipment in which case revenue is recognized over time. In addition, our Seamap business provides annual Software Maintenance Agreements (“SMA”) to customers who have an active license for software imbedded in Seamap products. The revenue from SMA is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract. The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:
|  | Twelve Months Ended January 31, |
|  | 2022 |  |  | 2021 |
Revenue from contracts with customers: |  | (in thousands) |
United States |  | $ | 2,409 |  |  | $ | 3,687 |
Europe, Russia & CIS |  |  | 8,821 |  |  |  | 8,512 |
Middle East & Africa |  |  | 35 |  |  |  | 1,226 |
Asia-Pacific |  |  | 11,244 |  |  |  | 6,523 |
Canada & Latin America |  |  | 598 |  |  |  | 1,267 |
Total revenue from contracts with customers |  | $ | 23,107 |  |  | $ | 21,215 |
As of January 31, 2022, contract assets and liabilities consisted of the following:
|  | January 31, 2022 |  |  | January 31, 2021 |
Contract Assets: |  | (in thousands) |
Unbilled revenue-current |  | $ | 28 |  |  | $ | 85 |
Total unbilled revenue |  | $ | 28 |  |  | $ | 85 |
Contract Liabilities: |  |  |  |  |  |  |  |
Deferred revenue & customer deposits - current |  | $ | 2,569 |  |  | $ | 691 |
Total deferred revenue & customer deposits |  | $ | 2,569 |  |  | $ | 691 |
Considering the products manufactured and sold by our Marine Technology Products business and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a three to six-month period. With respect to the disclosures above, sales and transaction-based taxes are excluded from revenue, and we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Also, we expense costs incurred to obtain contracts because the amortization period would be one year or less. These costs are recorded in selling, general and administrative expenses.
Non-US [Member] |
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 22. Sales and Major Customers A summary of the Company’s revenues, from continuing operations, from customers by geographic region, outside the U.S., is as follows (in thousands):
|  | Year Ended January 31, |
|  | 2022 |  |  | 2021 |
UK/Europe |  | $ | 8,174 |  |  | $ | 8,005 |
Canada |  |  | 273 |  |  |  | 1,267 |
Latin America |  |  | 325 |  |  |  | — |
Asia/South Pacific |  |  | 11,244 |  |  |  | 6,523 |
Eurasia |  |  | 647 |  |  |  | 507 |
Other |  |  | 35 |  |  |  | 1,226 |
Total |  | $ | 20,698 |  |  | $ | 17,528 |
During fiscal years ended January 31, 2022, and 2021 one individual customer exceeded 10% of total revenue.

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