ACCOUNTS AND NOTES RECEIVABLE

3 Months Ended

Apr. 30, 2019

ACCOUNTS AND NOTES RECEIVABLE

ACCOUNTS AND NOTES RECEIVABLE

NOTE 4 – ACCOUNTS AND NOTES RECEIVABLE

At April 30 and January 31, 2019, there were outstanding invoices, with balances included in accounts receivable and contract assets in the aggregate amount of $19.6 million and $17.1 million , respectively, for which the collection time may be extended and depend on the resolution of the outstanding legal dispute between the parties (see Note 8). At both April 30 and January 31, 2019, Company’s allowance for uncollectible accounts was insignificant. The amounts of the provision for uncollectible accounts and notes receivable for the three months ended April 30, 2019 and 2018 were also not significant.