XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Revenues:        
Sale of marine technology products $ 5,877 $ 9,586 $ 9,443 $ 16,474
Equipment leasing 1,630 977 4,327 3,694
Sale of lease pool equipment 843 273 2,193 9,101
Total revenues 8,350 10,836 15,963 29,269
Cost of sales:        
Sale of marine technology products 3,216 5,868 5,302 9,843
Equipment leasing (including lease pool depreciation of $2,445 and $3,750 for the three months ended July 31, 2018 and 2017 respectively, and $5,099 and $7,931 for the six months ended July 31, 2018 and 2017 respectively) 3,242 4,290 6,824 9,415
Lease pool equipment sales 32 60 732 6,199
Total cost of sales 6,490 10,218 12,858 25,457
Gross profit 1,860 618 3,105 3,812
Operating expenses:        
Selling, general and administrative 5,504 4,825 11,134 9,629
Research and development 312 240 682 338
Provision for doubtful accounts 0 0 200 0
Depreciation and amortization 620 525 1,237 1,106
Total operating expenses 6,436 5,590 13,253 11,073
Operating loss (4,576) (4,972) (10,148) (7,261)
Other income (expense):        
Interest income (expense), net 17 17 35 (29)
Other, net 55 (52) 141 (153)
Total other income (expense) 72 (35) 176 (182)
Loss before income taxes (4,504) (5,007) (9,972) (7,443)
Provision for income taxes (85) (357) (522) (586)
Net loss (4,589) (5,364) (10,494) (8,029)
Preferred stock dividends (411) (207) (796) (401)
Net loss attributable to common shareholders $ (5,000) $ (5,571) $ (11,290) $ (8,430)
Net loss per common share:        
Basic (in usd per share) $ (0.41) $ (0.46) $ (0.93) $ (0.70)
Diluted (in usd per share) $ (0.41) $ (0.46) $ (0.93) $ (0.70)
Shares used in computing net loss per common share:        
Basic (in shares) 12,093 12,082 12,090 12,080
Diluted (in shares) 12,093 12,082 12,090 12,080