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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2020
Jan. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,638 $ 3,090
Restricted cash 0 144
Accounts receivable, net of allowance for doubtful accounts of $1,044 and $2,378 at July 31, 2020 and January 31, 2020, respectively 4,439 6,623
Inventories, net 13,309 12,656
Prepaid expenses and other current assets 1,646 1,987
Assets held for sale 6,650 14,913
Total current assets 28,682 39,413
Property and equipment, net 5,157 5,419
Operating lease right-of-use assets 1,636 2,300
Intangible assets, net 7,241 8,136
Goodwill 0 2,531
Other assets 776 429
Total assets 43,492 58,228
Current liabilities:    
Accounts payable 988 1,767
Deferred revenue 370 731
Accrued expenses and other current liabilities 2,226 1,565
Income taxes payable 618 316
Operating lease liabilities - current 613 1,339
Liabilities held for sale 1,305 2,730
Total current liabilities 6,120 8,448
Operating lease liabilities - non-current 1,023 961
Notes payable 1,607 0
Other non-current liabilities 854 967
Deferred tax liability 200 200
Total liabilities 9,804 10,576
Shareholders’ equity:    
Preferred stock, $1.00 par value; 2,000 shares authorized; 994 and 994 shares issued and outstanding at July 31, 2020 and January 31, 2020, respectively 22,104 22,104
Common stock, $0.01 par value; 40,000 shares authorized; 14,097 and 14,097 shares issued at July 31, 2020 and January 31, 2020, respectively 141 141
Additional paid-in capital 124,413 123,964
Treasury stock, at cost (1,929 shares at July 31, 2020 and January 31, 2020) (16,860) (16,860)
Accumulated deficit (91,674) (77,310)
Accumulated other comprehensive loss (4,436) (4,387)
Total shareholders’ equity 33,688 47,652
Total liabilities and shareholders’ equity $ 43,492 $ 58,228