SUBSEQUENT EVENT

3 Months Ended

Apr. 30, 2018

SUBSEQUENT EVENT

SUBSEQUENT EVENT

NOTE 16 — SUBSEQUENT EVENT

As previously reported and as disclosed in Note 9 herein, GPS is in a dispute with a former subcontractor on one of its power plant construction projects that was scheduled for binding arbitration. The results of the binding arbitration on the matter were received on June 5, 2018. The arbitration panel awarded approximately $5.2 million, plus interest and arbitration fees, in favor of a former subcontractor of GPS. As of April 30, 2018, the Company had accrued for the full amount of the loss represented by the award.