Commitments |
6 Months Ended |
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Jul. 31, 2021 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments |
Note 10 Commitments
As part of our Togast business, we have a commitment to Samsung C&T America, Inc. (“Samsung”) related to the ultimate sale and valuation of inventories owned by Samsung. If product is sold below Samsung’s cost, we are required to pay to Samsung the difference between the sales price and its cost. At July 31, 2021, the inventory owned by Samsung had a historical cost of $7.8 million. As of July 31, 2021, we believe that we have appropriately accounted for any differences between the fair value of the Samsung inventory and Samsung’s historical cost.
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