Leases

6 Months Ended

Jul. 31, 2021

Leases [Abstract]

Leases

Leases

The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, Colombia, United Kingdom and Canada. We negotiated the termination of our Colombia lease obligation during the current period.

Lease expense for the three and six months ended July 31, 2021 was approximately $291,000 and $600,000, respectively, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $10,000 and $10,000, respectively, for the three and six months ended July 31, 2021.

Supplemental balance sheet information related to leases as of July 31, 2021 and January 31, 2021 were as follows (in thousands):

Lease	July 31, 2021		January 31, 2021
Assets
Operating lease assets	$	1,568	$	1,471
Liabilities
Operating lease liabilities	$	1,568	$	1,471
Classification of lease liabilities
Current liabilities	$	567	$	1,008
Non-current liabilities	1,001		463
Total Operating lease liabilities	$	1,568	$	1,471

Lease-term and discount rate details as of July 31, 2021 and January 31, 2021 were as follows:

Lease term and discount rate	July 31, 2021		January 31, 2021
Weighted average remaining lease term (years)
Operating leases	1.26		1.09
Weighted average discount rate:
Operating leases	9.36	%	10	%

The incremental borrowing rate was calculated using the Company's weighted average cost of capital.

Supplemental cash flow information related to leases was as follows (in thousands):

Lease	Six Months Ended July 31, 2021		Six Months Ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(600)	$	(514)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	600	$	514

Maturities of lease liabilities at July 31, 2021 were as follows (in thousands):

	July 31, 2021
2022	$	567
2023	667
2024	346
2025	134
2026	24
Thereafter	—
Total payments under lease agreements	$	1,738
Less: imputed interest	(170)
Total lease liabilities	$	1,568