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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2020
Jan. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,705 $ 3,090
Restricted cash 0 144
Accounts receivable, net of allowance for doubtful accounts of $2,196 and $4,054 at April 30, 2020 and January 31, 2020, respectively 7,996 11,921
Inventories, net 13,783 13,261
Prepaid expenses and other current assets 2,515 2,211
Total current assets 28,999 30,627
Seismic equipment lease pool and property and equipment, net 12,002 13,777
Operating lease right-of-use assets 1,957 2,300
Intangible assets, net 7,703 8,161
Goodwill 0 2,531
Long-term receivables, net of allowance for doubtful accounts of $- and $- at April 30, 2020 and January 31, 2020, respectively 535 403
Other assets 7 429
Total assets 51,203 58,228
Current liabilities:    
Accounts payable 3,292 2,650
Deferred revenue 602 765
Accrued expenses and other current liabilities 3,071 3,452
Income taxes payable 620 242
Operating lease liabilities - current 966 1,339
Total current liabilities 8,551 8,448
Operating lease liabilities - non-current 991 961
Other non-current liabilities 911 967
Deferred tax liability 200 200
Total liabilities 10,653 10,576
Shareholders’ equity:    
Preferred stock, $1.00 par value; 1,000 shares authorized; 994 and 994 shares issued and outstanding at April 30, 2020 and January 31, 2020, respectively 22,104 22,104
Common stock, $0.01 par value; 20,000 shares authorized; 14,097 and 14,097 shares issued at April 30, 2020 and January 31, 2020, respectively 141 141
Additional paid-in capital 124,194 123,964
Treasury stock, at cost (1,929 shares at April 30, 2020 and January 31, 2020) (16,860) (16,860)
Accumulated deficit (84,511) (77,310)
Accumulated other comprehensive loss (4,518) (4,387)
Total shareholders’ equity 40,550 47,652
Total liabilities and shareholders’ equity $ 51,203 $ 58,228