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Operating Leases
3 Months Ended
Apr. 30, 2023
Leases [Abstract]  
Operating Leases
6.
Operating Leases

The Company has operating leases for facilities expiring at various dates through 2025.

The components of lease expense included in the condensed consolidated statements of operations and comprehensive loss are as follows:

 

 

 

For the Three Months Ended April 30,

 

 

 

2023

 

 

2022

 

 

 

(Amounts in thousands)

 

Operating lease cost

 

$

110

 

 

$

143

 

Short-term lease cost, net

 

 

3

 

 

 

4

 

Total lease cost

 

$

113

 

 

$

147

 

Supplemental balance sheet information related to the Company’s operating leases was as follows:

 

 

As of April 30, 2023

 

 

As of January 31, 2023

 

 

 

(Amounts in thousands)

 

Operating lease right-of-use assets

 

$

1,215

 

 

$

1,360

 

 

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

726

 

 

 

713

 

Operating lease liabilities, long term

 

 

489

 

 

 

691

 

Total operating lease liabilities

 

$

1,215

 

 

$

1,404

 

 

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

1.8

 

 

 

2.0

 

Weighted average incremental borrowing rate

 

 

5.0

%

 

 

5.0

%

 

Supplemental cash flow information related to the Company’s leases was as follows:

 

 

For the Three Months Ended April 30,

 

 

 

2023

 

 

2022

 

 

 

(Amounts in thousands)

 

Cash paid for amounts included in the
measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

110

 

 

$

143

 

The current portion, operating lease liabilities is included as a component of accrued expenses in the condensed consolidated balance sheets.

Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year as of April 30, 2023 are as follows:

 

 

Payments for
Operating Leases

 

For the Fiscal Years Ended January 31,

 

(Amounts in thousands)

 

2024

 

$

557

 

2025

 

 

765

 

Total lease payments

 

 

1,322

 

Less interest

 

 

107

 

Total operating lease liabilities

 

$

1,215