5.	Balance Sheet


	October 31, 2015			January 31, 2015
	(in thousands)
Accounts receivable:
Accounts receivable	$	25,940		$	30,032
Allowance for doubtful accounts		(5,492	)		(6,339	)

Total accounts receivable, net	$	20,448		$	23,693

Contracts and notes receivable consisted of $3.2 million, due from three customers as of October 31, 2015 and $3.6 million due from three customers as of January 31, 2015. Notes receivable of $2.4 million at October 31, 2015 relate to promissory notes issued by a customer in settlement of a trade account receivable. The balance of contracts receivable at October 31, 2015 and January 31, 2015 consisted of contracts bearing interest at an average of approximately 2.2% and 1.9% respectively and with remaining repayment terms from one to ten months at October 31, 2015. As of October 31, 2015, approximately $830,000 of these contracts receivable were past their stated term. These contracts are collateralized by the equipment sold and an allowance of $250,000 has been established for them.


	October 31, 2015			January 31, 2015
	(in thousands)
Inventories:
Raw materials	$	5,978		$	6,718
Finished goods		5,631			4,466
Work in progress		1,045			1,017

		12,654			12,201
Less allowance for obsolescence		(888	)		(750	)

Total inventories, net	$	11,766		$	11,451


	October 31, 2015			January 31, 2014
	(in thousands)
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool	$	235,857		$	243,211
Land and buildings		366			366
Furniture and fixtures		9,412			9,399
Autos and trucks		690			722

		246,325			253,698
Accumulated depreciation and amortization		(167,747	)		(153,611	)

Total seismic equipment lease pool and property and equipment, net	$	78,578		$	100,087