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Assets Held for Sale and Discontinued Operations
 12 Months Ended
Jan. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale and Discontinued Operations Assets Held for Sale and Discontinued Operations
On July 27, 2020, the Board determined to exit the Leasing Business. As a result, the assets, excluding cash, and liabilities of the Leasing Business are considered held for sale and it's results of operations are reported as discontinued operations as of January 31, 2021 and for all comparative periods presented in these condensed consolidated financial statements. The Company anticipates selling the discontinued operations within twelve months from July 27, 2020 in multiple transactions, which may involve the sale of legal entities or assets.
The assets reported as held for sale consist of the following:
As of January 31,
20212020
Current assets of discontinued operations:
Accounts receivable, net
1,668 5,699 
Inventories, net352 605 
Prepaid expenses and other current assets150 227 
Seismic equipment lease pool and property and equipment, net2,151 8,382 
Total assets of discontinued operations$4,321 $14,913 

The liabilities reported as held for sale consist of the following:
As of January 31,
20212020
Current liabilities of discontinued operations:
Accounts payable$59 $884 
Deferred revenue73 34 
Accrued expenses and other current liabilities831 1,886 
Income taxes payable479 (74)
Total liabilities of discontinued operations$1,442 $2,730 

The results of operations from discontinued operations for the twelve months ended January 31, 2021 and 2020, consist of the following:
 Twelve Months Ended January 31,
 20212020
Revenues:
Revenue from discontinued operations$5,747 $12,756 
Cost of sales:
Cost of discontinued operations4,537 9,089 
Operating expenses:
Selling, general and administrative4,589 5,576 
Provision for doubtful accounts470 2,000 
Depreciation and amortization132 176 
Total operating expenses5,191 7,752 
Operating loss(3,981)(4,085)
Other income (expenses)201 (134)
Loss on disposal (including $2,745 of cumulative translation loss)
(1,859)— 
Loss before income taxes(5,639)(4,219)
Provision for income taxes(665)(525)
Net loss(6,304)(4,744)
The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:
As of January 31,
 20212020
Depreciation and amortization$1,830 $4,818 
Gross profit from sale of lease pool equipment$(1,326)$(1,145)
Provisions for doubtful accounts$470 $2,000 
Loss on disposal of discontinued operations$1,859 $— 
Sale of used lease pool equipment$2,010 $1,415 
Sale of assets held for sale$1,506 $— 
Purchase of seismic equipment held for lease$(110)$(2,955)
Sale of Subsidiary    In February 2019, the Company completed the sale of its wholly owned Australian subsidiary, Seismic Asia Pacific Pty Ltd. for total contractual proceeds of approximately $660,000 U.S. dollars of which the Company received approximately $240,000 in cash at closing and an unsecured, non-interest bearing two-year note receivable in the amount of $420,000. The agreement also included a working capital adjustment of approximately $114,000 payable to the Company which was received in August of 2019. In fiscal 2021, the Company received a payment of approximately $124,000 that was applied against the note receivable.. The note receivable is recorded in other current assets as of January 31, 2021, and in other non-current assets as of January 31, 2020.