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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Revenues:        
Sale of marine technology products $ 4,974,000 $ 3,038,000 $ 23,132,000 $ 16,142,000
Total revenues 4,974,000 3,038,000 23,132,000 16,142,000
Cost of sales:        
Total cost of sales 2,721,000 2,176,000 13,402,000 10,446,000
Gross profit 2,253,000 862,000 9,730,000 5,696,000
Operating expenses:        
Selling, general and administrative 2,941,000 3,023,000 9,160,000 9,867,000
Research and development 508,000 412,000 1,479,000 1,063,000
Depreciation and amortization 257,000 331,000 892,000 1,011,000
Total operating expenses 3,706,000 3,766,000 11,531,000 11,941,000
Operating loss (1,453,000) (2,904,000) (1,801,000) (6,245,000)
Other (expense) income:        
Interest expense (169,000) 0 (536,000) (4,000)
Other, net 25,000 59,000 336,000 (186,000)
Total other (expense) income (144,000) 59,000 (200,000) (190,000)
Loss from continuing operations before income taxes (1,597,000) (2,845,000) (2,001,000) (6,435,000)
Provision for income taxes (112,000) (38,000) (590,000) (380,000)
Net loss from continuing operations (1,709,000) (2,883,000) (2,591,000) (6,815,000)
Income (loss) from discontinued operations, net of income taxes, (including a $2,393 gain on the sale of Klein for the three and nine months ended October 31, 2023) 2,277,000 (2,276,000) 1,424,000 (2,683,000)
Net income (loss) 568,000 (5,159,000) (1,167,000) (9,498,000)
Preferred stock dividends - declared (947,000) 0 (947,000) (947,000)
Preferred stock dividends - undeclared 0 (947,000) (1,894,000) (1,894,000)
Net loss attributable to common stockholders $ (379,000) $ (6,106,000) $ (4,008,000) $ (12,339,000)
Net loss per common share - Basic and Diluted        
Continuing operations (in dollars per share) $ (1.89) $ (2.72) $ (3.86) $ (6.87)
Discontinued operations (in dollars per share) 1.62 (1.62) 1.01 (1.91)
Net loss (in dollars per share) $ (0.27) $ (4.34) $ (2.85) $ (8.78)
Shares used in computing net loss per common share:        
Basic (in shares) 1,406 1,406 1,406 1,405
Diluted (in shares) 1,406 1,406 1,406 1,405
Marine Technology Products [Member]        
Cost of sales:        
Total cost of sales $ 2,721,000 $ 2,176,000 $ 13,402,000 $ 10,446,000