Sales and Major Customers

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Sales and Major Customers

Revenue from Contracts with Customers

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:

	Twelve Months Ended January 31,
	2021		2020
Revenue recognized at a point in time:	(in thousands)
Seamap	$	16,304	$	21,617
Klein	4,145		7,468
SAP	—		101
Total revenue recognized at a point in time	$	20,449	$	29,186
Revenue recognized over time:
Seamap	$	766	$	733
Klein	—		—
SAP	—		—
Total revenue recognized over time	766		733
Total revenue from contracts with customers	$	21,215	$	29,919

The revenue from products manufactured and sold by our Seamap and Klein businesses, as well as the revenue from products marketed and sold by our SAP business, is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. Our Seamap business also provides annual Software Maintenance Agreements (“SMA”) to customers who have an active license for software imbedded in Seamap products. The revenue from SMA is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract.

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:

	Twelve Months Ended January 31,
	2021		2020
Revenue from contracts with customers:	(in thousands)
United States	$	3,687	$	3,920
Europe, Russia & CIS	8,512		15,262
Middle East & Africa	1,226		1,576
Asia-Pacific	6,523		5,377
Canada & Latin America	1,267		3,784
Total revenue from contracts with customers	$	21,215	$	29,919

As of January 31, 2021, contract assets and liabilities consisted of the following:

	January 31, 2021		January 31, 2020
Contract Assets:	(in thousands)
Unbilled revenue-current	$	85	$	13
Unbilled revenue - non-current	—		—
Total unbilled revenue	$	85	$	13
Contract Liabilities:
Deferred revenue & customer deposits - current	$	691	$	220
Deferred revenue & customer deposits - non-current	—		12
Total deferred revenue & customer deposits	$	691	$	232

Considering the products manufactured and sold by our Marine Technology Products business and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a three to six-month period.

With respect to the disclosures above, sales and transaction-based taxes are excluded from revenue, and we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Also, we expense costs incurred to obtain contracts because the amortization period would be one year or less. These costs are recorded in selling, general and administrative expenses.

Sales and Major Customers

A summary of the Company’s revenues, from continuing operations, from customers by geographic region, outside the U.S., is as follows (in thousands):

	Year Ended January 31,
	2021		2020
UK/Europe	$	8,005	$	14,975
Canada	1,267		3,519
Latin America	—		262
Asia/South Pacific	6,523		5,377
Eurasia	507		290
Other	1,226		1,576
Total	$	17,528	$	25,999

During each of the fiscal years ended 2021 and 2020, no individual customer exceeded 10% of total revenue.