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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2018
Jan. 31, 2018
Current assets:    
Cash and cash equivalents $ 8,613 $ 9,902
Restricted cash 233 244
Accounts and contracts receivable, net of allowance for doubtful accounts of $3,560 and $3,885 at April 30, 2018 and January 31, 2018, respectively 12,333 10,494
Inventories, net 11,432 10,856
Prepaid expenses and other current assets 2,132 1,550
Total current assets 34,743 33,046
Seismic equipment lease pool and property and equipment, net 21,046 22,900
Intangible assets, net 11,484 8,015
Goodwill 2,531 2,531
Non-current prepaid income taxes 1,603 1,609
Long-term receivables, net of allowance for doubtful accounts of $94 and $2,282 at April 30, 2018 and January 31, 2018, respectively 706 4,652
Other assets 611 926
Total assets 72,724 73,679
Current liabilities:    
Accounts payable 2,889 1,271
Deferred revenue 723 741
Accrued expenses and other current liabilities 4,895 5,253
Income taxes payable 896 258
Total current liabilities 9,403 7,523
Deferred tax liability 105 307
Total liabilities 9,508 7,830
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 698 and 532 issued and outstanding at April 30, 2018 and January 31, 2018, respectively 15,312 11,544
Common stock, $0.01 par value; 20,000 shares authorized; 14,019 shares issued at April 30, 2018 and January 31, 2018 140 140
Additional paid-in capital 122,430 122,304
Treasury stock, at cost (1,929 shares at April 30, 2018 and January 31, 2018) (16,860) (16,860)
Accumulated deficit (48,715) (42,425)
Accumulated other comprehensive loss (9,091) (8,854)
Total shareholders’ equity 63,216 65,849
Total liabilities and shareholders’ equity $ 72,724 $ 73,679