XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 7 - Leases | 9 Months Ended
--- | ---
Oct. 31, 2022
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, and the United Kingdom. We negotiated the termination of our Colombia lease obligation during fiscal 2022, our lease obligation in Canada was terminated as of March 31, 2022, and our lease obligation in Hungary was terminated November 30, 2022. Lease expense for the three and nine months ended October 31, 2022 was approximately $218,000 and $639,000, respectively, and during the three and nine months ended October 31, 2021 was approximately $374,000 and $974,000, respectively, and were recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $2,000 and $5,000 for the three and nine months ended October 31, 2022, respectively, and during the three and nine months ended October 31, 2021 was approximately $14,000 and $42,000, respectively. Supplemental balance sheet information related to leases as of October 31, 2022 and January 31, 2022 were as follows:
Lease |  | October 31, 2022 |  |  | January 31, 2022 |
Assets |  | (in thousands)
Operating lease assets |  | $ | 1,807 |  |  | $ | 1,835 |
Liabilities |  |  |  |  |  |  |  |
Operating lease liabilities |  | $ | 1,807 |  |  | $ | 1,835 |
Classification of lease liabilities |  |  |  |  |  |  |  |
Current liabilities |  | $ | 229 |  |  | $ | 869 |
Non-current liabilities |  |  | 1,578 |  |  |  | 966 |
Total Operating lease liabilities |  | $ | 1,807 |  |  | $ | 1,835 |
Lease-term and discount rate details as of October 31, 2022 and January 31, 2022 were as follows:
Lease term and discount rate |  | October 31, 2022 |  |  | January 31, 2022 |
Weighted average remaining lease term (years) |  |  |  |  |  |  |  |
Operating leases |  |  | 2.29 |  |  |  | 1.82 |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 13 | % |  |  | 13 | %
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:
Lease |  | Nine Months Ended October 31, 2022 |  |  | Nine Months Ended October 31, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  | (in thousands)
Operating cash flows from operating leases |  | $ | (639 | ) |  | $ | (974 | )
Changes in lease balances resulting from new and modified leases: |  |  |  |  |  |  |  |
Operating leases |  | $ | 655 |  |  | $ | 762 |
Maturities of lease liabilities at October 31, 2022 were as follows:
|  | October 31, 2022 |
|  | (in thousands) |
2023 |  | $ | 229 |
2024 |  |  | 808 |
2025 |  |  | 544 |
2026 |  |  | 274 |
2027 |  |  | 188 |
Thereafter |  |  | 204 |
Total payments under lease agreements |  | $ | 2,247 |
Less: imputed interest |  |  | (440 | )
Total lease liabilities |  | $ | 1,807 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration