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Note 11 - Intangible Assets
12 Months Ended
Jan. 31, 2023
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

11. Intangible Assets

 

Intangible assets from continuing operations consisted of the following:

 

      

January 31, 2023

  

January 31, 2022

 
  

Weighted

                                 
  

Average

  

Gross

          

Net

  

Gross

          

Net

 
  

Life at

  

Carrying

  

Accumulated

      

Carrying

  

Carrying

  

Accumulated

      

Carrying

 
  

1/31/2023

  

Amount

  

Amortization

  

Impairment

  

Amount

  

Amount

  

Amortization

  

Impairment

  

Amount

 
      

(in thousands)

  

(in thousands)

 

Proprietary rights

  5.1  $8,238  $(4,606)     3,632  $8,237  $(4,150)     4,087 

Customer relationships

  0.2   5,024   (4,894)     130   5,024   (4,797)     227 

Patents

  2.0   2,540   (2,027)     513   2,540   (1,778)     762 

Trade name

  3.3   894   (97)  (760)  37   894   (85)  (760)  49 

Developed technology

  2.9   1,430   (1,013)     417   1,430   (870)     560 

Other

  1.3   705   (503)     202   694   (361)     333 

Amortizable intangible assets

     $18,831  $(13,140) $(760) $4,931  $18,819  $(12,041) $(760) $6,018 

 

Approximately $923,000 of the gross carrying amount of intangible assets, primarily in proprietary rights, are related to technology development projects that have not yet been completed. As a result, these intangible assets are not currently being amortized. The Company did not record impairment of intangible assets during fiscal years 2023 and 2022.

 

Aggregate amortization expense was $1.1 million and $1.3 million for fiscal 2023 and fiscal 2022, respectively. As of January 31, 2023, future estimated amortization expense related to amortizable intangible assets is estimated to be (in thousands):

 

For fiscal year ending January 31:

    

2024

 $704 

2025

  839 

2026

  608 

2027

  506 

2028

  267 

Thereafter

  1,084 

Total

 $4,008