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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Revenues:        
Sale of marine technology products $ 6,723 $ 5,877 $ 12,700 $ 9,443
Equipment leasing 1,374 1,630 4,697 4,327
Sale of lease pool equipment and other equipment 801 843 1,358 2,193
Total revenues 8,898 8,350 18,755 15,963
Cost of sales:        
Sale of marine technology products 3,887 3,216 7,342 5,302
Equipment leasing (including lease pool depreciation of $1,143 and $2,445 for the three months ended July 31, 2019 and 2018, respectively, and $2,589 and $5,099 for the six months ended July 31, 2019 and 2018 respectively) 1,880 3,242 4,291 6,824
Equipment sales 249 32 499 732
Total cost of sales 6,016 6,490 12,132 12,858
Gross profit 2,882 1,860 6,623 3,105
Operating expenses:        
Selling, general and administrative 4,795 5,504 10,027 11,134
Research and development 498 312 813 682
Provision for doubtful accounts 0 0 0 200
Depreciation and amortization 651 620 1,301 1,237
Total operating expenses 5,944 6,436 12,141 13,253
Operating loss (3,062) (4,576) (5,518) (10,148)
Other income (expense):        
Interest (expense) income, net (11) 17 (22) 35
Other, net (15) 55 92 141
Total other (expense) income (26) 72 70 176
Loss before income taxes (3,088) (4,504) (5,448) (9,972)
Provision for income taxes (48) (85) (103) (522)
Net loss (3,136) (4,589) (5,551) (10,494)
Preferred stock dividends (499) (411) (970) (796)
Net loss attributable to common shareholders $ (3,635) $ (5,000) $ (6,521) $ (11,290)
Net loss per common share:        
Basic (in usd per share) $ (0.30) $ (0.41) $ (0.54) $ (0.93)
Diluted (in usd per share) $ (0.30) $ (0.41) $ (0.54) $ (0.93)
Shares used in computing net loss per common share:        
Basic (in shares) 12,128 12,093 12,124 12,090
Diluted (in shares) 12,128 12,093 12,124 12,090