XML 25 R15.htm IDEA: XBRL DOCUMENT v3.24.3

Note 8 - Leases

9 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

8. Leases

The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Singapore, Malaysia, and the United Kingdom. 

Lease expense for the three and nine months ended October 31, 2024, was approximately $221,000 and $643,000, respectively, and during the three and nine months ended October 31, 2023, was approximately $198,000 and $621,000, respectively, and was recorded as a component of operating income (loss). Included in these costs was short-term lease expense of approximately$7,000 and $20,000, respectively for the three and nine months ended October 31, 2024, and approximately $2,000 and $5,000, respectively for the three and nine months ended October 31, 2023. 

Supplemental balance sheet information related to leases as of October 31, 2024 and January 31, 2024 was as follows:

Lease		October 31, 2024				January 31, 2024
Assets		(in thousands)
Operating lease assets		$	1,526			$	1,324
Liabilities
Operating lease liabilities		$	1,526			$	1,324
Classification of lease liabilities
Current liabilities		$	660			$	751
Non-current liabilities			866				573
Total Operating lease liabilities		$	1,526			$	1,324

Lease-term and discount rate details as of October 31, 2024 and January 31, 2024 were as follows:

Lease term and discount rate		October 31, 2024				January 31, 2024
Weighted average remaining lease term (years)
Operating leases			1.63				1.40
Weighted average discount rate:
Operating leases			13	%			13	%

The weighted average discount rate was calculated using the Company's weighted average cost of capital.

Supplemental cash flow information related to leases was as follows:

		For the Nine Months Ended October 31, 2024
Lease		2024				2023
Cash paid for amounts included in the measurement of lease liabilities:		(in thousands)
Operating cash flows from operating leases		$	(643	)		$	(621	)
Changes in lease balances resulting from new and modified leases:
Operating leases		$	834			$	391

Maturities of lease liabilities at October 31, 2024 were as follows:

		October 31, 2024
		(in thousands)
2025		$	267
2026			707
2027			526
2028			275
2029			35
Thereafter			—
Total payments under lease agreements		$	1,810
Less: imputed interest			(284	)
Total lease liabilities		$	1,526

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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration