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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2019
Jan. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,389 $ 9,902
Restricted cash 160 244
Accounts receivable, net of allowance for doubtful accounts of $2,113 and $3,885 at January 31, 2019 and 2018, respectively 12,082 10,494
Inventories, net 10,774 10,856
Prepaid expenses and other current assets 1,735 1,550
Assets held for sale 2,202 0
Total current assets 36,342 33,046
Seismic equipment lease pool and property and equipment, net 14,155 22,900
Intangible assets, net 10,495 8,015
Goodwill 2,531 2,531
Non-current prepaid income taxes 128 1,609
Deferred tax asset 68 0
Long-term receivables, net of allowance for doubtful accounts of $- and $2,282 at January 31, 2019 and 2018, respectively 712 4,652
Other assets 584 926
Long-term assets held for sale 286 0
Total assets 65,301 73,679
Current liabilities:    
Accounts payable 1,534 1,271
Deferred revenue 1,040 741
Accrued expenses and other current liabilities 3,738 5,253
Income Taxes Payable 224 258
Liabilities held for sale 892 0
Total current liabilities 7,428 7,523
Other non-current liabilities 1,195 0
Deferred tax liability 0 307
Total liabilities 8,623 7,830
Commitments and contingencies (Note 14, 18 and 19)
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 830 and 532 issued and outstanding at January 31, 2019, and 2018, respectively 18,330 11,544
Common stock $.01 par value; 20,000 shares authorized; 14,049 and 14,019 shares issued at January 31, 2019 and 2018, respectively 140 140
Additional paid-in capital 123,085 122,304
Treasury stock, at cost (1,929 shares at January 31, 2019 and 2018) (16,860) (16,860)
Accumulated deficit (63,973) (42,425)
Accumulated other comprehensive loss (4,044) (8,854)
Total shareholders’ equity 56,678 65,849
Total liabilities and shareholders’ equity $ 65,301 $ 73,679