Balance Sheet



	April 30, 2018			January 31, 2018
	(in thousands)
Accounts receivable	$	12,291		$	16,392
Contracts receivable	4,402			4,921
	16,693			21,313
Less long-term portion	(800		)	(6,934		)
Current accounts and contracts receivable	15,893			14,379
Less current portion of allowance for doubtful accounts	(3,560		)	(3,885		)
Current portion of accounts and contracts receivable, net of allowance for doubtful accounts	$	12,333		$	10,494

Contracts receivable consisted of $4.4 million due from four customers at April 30, 2018 and $4.9 million due from four customers as of January 31, 2018. The balance of contracts receivable at April 30, 2018 and January 31, 2018 consisted of contracts bearing interest at an average rate of approximately 2.7% and 2.8% respectively and with remaining repayment terms from 1 to 40 months. These contracts are related to lease pool equipment sales and are collateralized by the equipment sold. During the quarter ended April 30, 2017, the Company entered into a long-term contract receivable totaling approximately $3.8 million for the sale of lease pool equipment with the balance due in 24 equal monthly installments through March of 2019.



	April 30, 2018			January 31, 2018
	(in thousands)
Inventories:
Raw materials	$	5,363		$	5,099
Finished goods	6,371			6,185
Work in progress	1,372			1,247
	13,106			12,531
Less allowance for obsolescence	(1,674		)	(1,675		)
Total inventories, net	$	11,432		$	10,856



	April 30, 2018			January 31, 2018
	(in thousands)
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool	$	170,654		$	174,274
Land and buildings	3,381			3,380
Furniture and fixtures	10,504			10,222
Autos and trucks	761			722
	185,300			188,598
Accumulated depreciation and amortization	(164,254		)	(165,698		)
Total seismic equipment lease pool and property and equipment, net	$	21,046		$	22,900

As of January 31, 2018, the Company completed an annual review of long-lived assets noting that the undiscounted future cash flows exceeded their carrying value and no impairment has been recorded. Since January 31, 2018 there have been no significant changes to the market, economic or legal environment in which the Company operates that would indicate additional impairment analysis is necessary as of April 30, 2018.