0001437749-22-010274 | 10-K | XBRL Viewer

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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Jan. 31, 2022	Apr. 28, 2022	Jul. 31, 2021
Document Information [Line Items]
Entity Central Index Key	0000926423
Entity Registrant Name	MIND TECHNOLOGY, INC
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	000-13490
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0210849
Entity Address, Address Line One	2002 Timberloch Place
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380
City Area Code	281
Local Phone Number	353-4475
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 25,539,035
Entity Common Stock, Shares Outstanding		13,774,104
Auditor Name	Moss Adams LLP
Auditor Location	Houston, Texas
Auditor Firm ID	659
Series A Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Preferred Stock - $1.00 par value per share
Trading Symbol	MINDP
Security Exchange Name	NASDAQ
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock - $0.01 par value per share
Trading Symbol	MIND
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 5,114	$ 4,611
Accounts receivable, net of allowance for doubtful accounts of $484 and $948 at January 31, 2022 and 2021, respectively	8,126	4,747
Inventories, net	14,006	11,453
Prepaid expenses and other current assets	1,840	1,659
Assets held for sale	159	4,321
Total current assets	29,245	26,791
Property and equipment, net	4,272	4,751
Operating lease right-of-use assets	1,835	1,471
Intangible assets, net	6,018	6,750
Other assets	650	0
Total assets	42,020	39,763
Current liabilities:
Accounts payable	2,046	1,704
Deferred revenue	232	208
Accrued expenses and other current liabilities	5,762	2,912
Income taxes payable	837	562
Operating lease liabilities - current	869	1,008
Liabilities held for sale	953	1,442
Total current liabilities	10,699	7,836
Operating lease liabilities - non-current	966	463
Notes payable	0	850
Deferred tax liability	92	198
Total liabilities	11,757	9,347
Stockholders’ equity:
Preferred stock, $1.00 par value; 2,000 shares authorized; 1,683 and 1,038 shares issued and outstanding at January 31, 2022, and 2021, respectively	37,779	23,104
Common stock $0.01 par value; 40,000 shares authorized; 15,705 and 15,681 shares issued at January 31, 2022 and 2021, respectively	157	157
Additional paid-in capital	128,926	128,241
Treasury stock, at cost (1,931 and 1,929 shares at January 31, 2022 and 2021, respectively)	(16,862)	(16,860)
Accumulated deficit	(117,856)	(99,870)
Accumulated other comprehensive loss	(1,881)	(4,356)
Total stockholders’ equity	30,263	30,416
Total liabilities and stockholders’ equity	$ 42,020	$ 39,763

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Allowance for doubtful accounts	$ 484	$ 948
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	1,683,000	1,038,000
Preferred stock, shares outstanding (in shares)	1,683,000	1,038,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	15,705,000	15,681,000
Treasury stock, shares (in shares)	1,931,000	1,929,000

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Revenues:
Total revenues	$ 23,107	$ 21,215
Cost of sales:
Total cost of sales	17,085	13,906
Gross profit	6,022	7,309
Operating expenses:
Selling, general and administrative	14,761	12,648
Research and development	3,596	3,003
Provision for doubtful accounts	0	659
Impairment of intangible assets	0	2,531
Depreciation and amortization	2,209	2,796
Total operating expenses	20,566	21,637
Operating loss	(14,544)	(14,328)
Other income:
Other income, net	926	862
Total other income	926	862
Loss from continuing operations before income taxes	(13,618)	(13,466)
Benefit (provision) for income taxes	39	(536)
Loss from continuing operations	(13,579)	(14,002)
Loss from discontinued operations, net of income taxes	(1,506)	(6,304)
Net loss	(15,085)	(20,306)
Preferred stock dividends	(2,901)	(2,254)
Net loss attributable to common stockholders	$ (17,986)	$ (22,560)
Net loss per common share - Basic
Continuing operations (in dollars per share)	$ (1.20)	$ (1.30)
Discontinued operations (in dollars per share)	(0.11)	(0.50)
Net loss (in dollars per share)	(1.31)	(1.80)
Net loss per common share - Diluted
Continuing operations (in dollars per share)	(1.20)	(1.30)
Discontinued operations (in dollars per share)	(0.11)	(0.50)
Net loss (in dollars per share)	$ (1.31)	$ (1.80)
Shares used in computing loss per common share:
Basic (in shares)	13,771	12,519
Diluted (in shares)	13,771	12,519
Marine Technology Products [Member]
Revenues:
Total revenues	$ 23,107	$ 21,215
Cost of sales:
Total cost of sales	$ 17,085	$ 13,906

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Net loss attributable to common stockholders	$ (17,986)	$ (22,560)
Change in cumulative translation adjustment for liquidation of entities held for sale	2,451	0
Other changes in cumulative translation adjustment	24	31
Comprehensive loss	$ (15,511)	$ (22,529)

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

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+ Details

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Preferred Stock Offerings [Member] Common Stock [Member]	Preferred Stock Offerings [Member] Preferred Stock [Member]	Preferred Stock Offerings [Member] Additional Paid-in Capital [Member]	Preferred Stock Offerings [Member] Retained Earnings [Member]	Preferred Stock Offerings [Member]	Common Stock Offerings [Member] Common Stock [Member]	Common Stock Offerings [Member] Preferred Stock [Member]	Common Stock Offerings [Member] Additional Paid-in Capital [Member]	Common Stock Offerings [Member] Retained Earnings [Member]	Common Stock Offerings [Member]	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances, January 31, 2020 (in shares) at Jan. 31, 2020											14,097	994
Balances, January 31, 2020 at Jan. 31, 2020											$ 141	$ 22,104	$ 123,964	$ (16,860)	$ (77,310)	$ (4,387)	$ 47,652
Net loss															(20,306)		(20,306)
Foreign currency translation												0			0	31	31
Stock offering (in shares)	0	44				1,584	0
Stock offering		$ 1,000	$ 0	$ 0	$ 1,000	$ 16			$ 0	$ 3,585
Preferred stock dividends												0			(2,254)		(2,254)
Common stock offerings								$ 3,569
Stock-based compensation												$ 0	708		0		708
Balances, January 31, 2021 (in shares) at Jan. 31, 2021											15,681	1,038
Balances, January 31, 2021 at Jan. 31, 2021											$ 157	$ 23,104	128,241	(16,860)	(99,870)	(4,356)	30,416
Net loss												0			(15,085)		(15,085)
Foreign currency translation												0			0	2,475	2,475
Stock offering (in shares)	19	645
Stock offering		$ 14,675	$ 0	$ 0	$ 14,675				$ 0	$ 42		0	42
Preferred stock dividends												0			(2,901)		(2,901)
Stock-based compensation												0	632		0		632
Restricted stock forfeited for taxes												0		(2)	0		(2)
Restricted stock issued (in shares)											5
Restricted stock issued												$ 0			0		11
Restricted stock issued													11
Balances, January 31, 2021 (in shares) at Jan. 31, 2022											15,705	1,683
Balances, January 31, 2021 at Jan. 31, 2022											$ 157	$ 37,779	$ 128,926	$ (16,862)	$ (117,856)	$ (1,881)	$ 30,263

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash flows from operating activities:
Net loss	$ (15,085)	$ (20,306)
Adjustments to reconcile net loss to net cash used in operating activities:
PPP loan forgiveness	(850)	(757)
Depreciation and amortization	2,214	4,627
Stock-based compensation	643	708
Impairment of intangible assets	0	2,531
Loss on disposal of discontinued operations	0	1,859
(Recovery) provision for doubtful accounts, net of charge offs	(453)	1,129
Provision for inventory obsolescence	921	321
Deferred tax expense	(106)	32
Changes in:
Accounts receivable	(3,195)	4,632
Unbilled revenue	(57)	72
Inventories	(3,074)	1,178
Income taxes receivable and payable	37	767
Accounts payable, accrued expenses and other current liabilities	713	(2,510)
Prepaid expenses and other current and long-term assets	(565)	581
Deferred revenue	1,878	459
Net cash used in operating activities	(17,134)	(6,360)
Cash flows from investing activities:
Purchases of seismic equipment held for lease	0	(110)
Purchase of technology	0	(366)
Purchases of property and equipment	(834)	(90)
Sale of used lease pool equipment	0	2,010
Sale of assets held for sale	5,437	1,506
Sale of business, net of cash sold	761	257
Net cash provided by investing activities	5,364	3,207
Cash flows from financing activities:
Net proceeds from preferred stock offering	14,676	1,000
Net proceeds from common stock offering	43	3,584
Repurchase of common stock	(2)	0
Preferred stock dividends	(2,530)	(1,677)
Proceeds from PPP loans	0	1,607
Net cash provided by financing activities	12,187	4,514
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash	86	16
Net increase in cash, cash equivalents and restricted cash	503	1,377
Cash, cash equivalents and restricted cash, beginning of period	4,611	3,234
Cash, cash equivalents and restricted cash, end of period	5,114	4,611
Lease Pool Equipment [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Gross profit from sale of equipment	0	(1,326)
Other Machinery and Equipment [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Gross profit from sale of equipment	$ (155)	$ (357)

Note 1 - Organization and Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

1. Organization and Summary of Significant Accounting Policies

Going Concern—These consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As discussed in Note 4, the Company has a history of generating losses and negative cash from operating activities and may not have access to sources of capital that were available in prior periods. In addition, the lingering impacts of the global pandemic, emerging supply chain disruptions and recent volatility in oil prices have created significant uncertainty in the global economy which could have a material adverse effect on the Company’s business, financial position, results of operations and liquidity. Accordingly, substantial doubt has arisen regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result should the Company not be able to continue as a going concern.

Organization—MIND Technology, Inc., a Delaware corporation (the “Company”), formerly Mitcham Industries, Inc., a Texas corporation, was incorporated in 1987. Effective August 3, 2020, the Company reincorporated in the state of Delaware. Concurrent with the reincorporation the name of the Company was changed to MIND Technology, Inc. and the number of shares of Common Stock and Preferred Stock authorized for issuance was increased. See Note 20 – Corporate Restructuring.

The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC (formerly Seamap USA, LLC), Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively “Seamap”, and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), designs, manufactures and sells a broad range of proprietary products for the seismic, hydrographic and offshore industries with product sales and support facilities based in Singapore, Malaysia, the United Kingdom and the states of New Hampshire and Texas. Prior to July 31, 2020, the Company, through its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), and its branch operations in Colombia, provided full-service equipment leasing, sales and service to the seismic industry worldwide. Effective July 31, 2020, the Leasing Business has been classified as held for sale and the financial results reported as discontinued operations (see Note 2 – “Assets Held for Sale and Discontinued Operations” for additional details). All intercompany transactions and balances have been eliminated in consolidation.

Revenue Recognition of Marine Technology Product Sales—Revenues and cost of sales from the sale of marine technology products are recognized upon acceptance of terms and completion of our performance obligations, which is typically when delivery has occurred, or in the case of bill-and-hold arrangements, when control has been transferred.

Revenue Recognition of Long-term Projects—From time to time the Company enters into contracts whereby certain marine equipment is assembled or manufactured and sold, primarily to governmental entities. Performance under these contracts generally occurs over a period of three to twelve months. Revenue and costs related to these contracts are recognized “over time”, as each separately identified performance obligation is satisfied.

Revenue Recognition of Repair Services and Equipment Upgrades—Revenue and cost of sales from the provision of repair services and equipment upgrades are recognized “over time” pursuant to the practical expedient under which revenue is recognized when invoiced.

Revenue Recognition of Service Agreements—In some cases the Company provides on-going support services pursuant to contracts that generally have a term of 12 months. The Company recognizes revenue from these contracts ratably over the term of the contract. The Company may also provide support services on a time and material basis. Revenue from these arrangements is recognized as the services are provided. For certain new systems, the Company provides support services for up to 12 months at no additional charge. Any amounts attributable to these support obligations are immaterial. Revenues from service contracts for fiscal 2022 and 2021 were not material and as a result are not presented separately in the financial statements.

Revenue Recognition of Leasing Arrangements—The Company has historically leased various types of seismic equipment to seismic data acquisition companies. There are no active leases as of January 31, 2022, and all leases in effect at January 31, 2021 were for a term of one year or less. Lease revenue is recognized ratably over the term of the lease. The Company does not enter into leases with embedded maintenance obligations. The standard lease provides that the lessee is responsible for maintenance and repairs to the equipment, excluding normal wear and tear. The Company occasionally provides technical advice to its customers without additional compensation as part of its customer service practices. Repairs or maintenance performed by the Company is charged to the lessee, generally on a time and materials basis. Repair and maintenance revenues are recognized as incurred. Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note 2 – “Assets Held for Sale and Discontinued Operations” for additional details).

Allowance for Doubtful Accounts—Trade receivables are uncollateralized customer obligations due under normal trade terms. The carrying amount of trade receivables and contracts receivable is reduced by a valuation allowance that reflects management’s estimate of the amounts that will not be collected, based on the age of the receivable, payment history of the customer, general industry conditions, general financial condition of the customer and any financial or operational leverage the Company may have in a particular situation. Amounts are written-off when collection is deemed unlikely. Past due amounts are determined based on contractual terms. The Company generally does not charge interest on past due accounts.

Cash and Cash Equivalents—The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents.

Short-term Investments—The Company considers all highly liquid investments with an original maturity greater than three months, but less than twelve months, to be short-term investments.

Inventories—Inventories are stated at the lower of cost or market. An allowance for obsolescence is maintained to reduce the carrying value of any materials or parts that may become obsolete. Inventories are periodically monitored to ensure that the allowance for obsolescence covers any obsolete items.

Property and Equipment—Property and equipment is carried at cost, net of accumulated depreciation. Depreciation is computed on the straight-line method over the related estimated useful lives. The estimated useful lives of equipment range from three to seven years. Buildings are depreciated over 30 years and property improvements are amortized over 10 years or the shorter of their useful life. Leasehold improvements are amortized over the shorter of the realized estimated useful life or the life of the respective leases. No salvage value is assigned to property and equipment.

Intangible Assets—Intangible assets are carried at cost, net of accumulated amortization. Amortization is computed on the straight-line method (for customer relationships, the straight-line method is not materially different from other methods that estimate run off of the underlying customer base) over the estimated life of the asset. Proprietary rights, developed technology and amortizable tradenames are amortized over a 10 to 15-year period. Customer relationships are amortized over an eight-year period. Patents are amortized over an eight to ten-year period.

Impairment—The Company reviews its long-lived assets, including its amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value. The determination of future cash flows as well as the estimated fair value of long-lived assets involves significant estimates on the part of management. The Company performs an impairment test on goodwill and indefinite lived assets on an annual basis. The Company performs a qualitative review to determine if it is more likely than not that the fair value of our reporting units is greater their carrying value. If the Company is unable to conclude qualitatively that it is more likely than not that a reporting unit’s fair value exceeds its carrying value, then the Company performs a quantitative assessment of fair value of the reporting unit. The quantitative reviews involve significant estimates on the part of management.

Product Warranties—Seamap provide its customers warranties against defects in materials and workmanship generally for a period of three months after delivery of the product. Klein also provides its customers with similar warranties against defects in material and workmanship for an approximate twelve months period subsequent to delivery of the product. The Company maintains an accrual for potential warranty costs based on historical warranty claims. For fiscal 2022 and 2021, warranty expense was not material.

Income Taxes—The Company accounts for income taxes under the liability method, whereby the Company recognizes deferred tax assets and liabilities which represent differences between the financial and income tax reporting basis of its assets and liabilities. Deferred tax assets and liabilities are determined based on temporary differences between income and expenses reported for financial reporting and tax reporting. The Company has assessed, using all available positive and negative evidence, the likelihood that the deferred tax assets will be recovered from future taxable income.

The weight given to the potential effect of positive and negative evidence is commensurate with the extent to which it can be objectively verified. The preponderance of negative or positive evidence supports a conclusion regarding the need for a valuation allowance for some portion, or all, of the deferred tax asset. The more significant types of evidence considered include the following:

•

projected taxable income in future years;

•

our history of taxable income within a particular jurisdiction;

•

any history of deferred tax assets expiring prior realization;

•

whether the carry forward period is so brief that it would limit realization of tax benefits;

•

other limitations on the utilization of tax benefits;

•

future sales and operating cost projections that will produce more than enough taxable income to realize the deferred tax asset based on existing sales prices and cost structures;

•

our earnings history exclusive of the loss that created the future deductible amount coupled with evidence indicating that the loss is an aberration rather than a continuing condition; and

•

tax planning strategies that will create additional taxable income.

Use of Estimates—The preparation of the Company’s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, the allowance for doubtful accounts, inventory obsolescence, lease pool valuations, valuation allowance on deferred tax assets, the evaluation of uncertain tax positions, estimated depreciable lives of fixed assets and intangible assets, impairment of fixed assets and intangible assets, valuation of assets acquired and liabilities assumed in business combinations and the valuation of stock options. Future events and their effects cannot be perceived with certainty. Accordingly, these accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the consolidated financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results could differ from these estimates.

Substantial judgment is necessary in the determination of the appropriate levels for the Company’s allowance for doubtful accounts because of the extended payment terms the Company offers to its customers on occasion and the limited financial wherewithal of certain of these customers. As a result, the Company’s allowance for doubtful accounts could change in the future, and such change could be material to the financial statements taken as a whole. The Company must also make substantial judgments regarding the valuation allowance on deferred tax assets and with respect to quantitative analysis prepared in conjunction with impairment analysis related to goodwill and other intangible assets.

Fair Value of Financial Instruments—The Company’s financial instruments consist of accounts and contracts receivable and accounts payable.

The Financial Accounting Standards Board (“FASB”) has issued guidance on the definition of fair value, the framework for using fair value to measure assets hierarchy, which prioritizes the inputs used to measure fair value. These tiers include:

•

Level 1: Defined as observable inputs such as quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

•

Level 2: Defined as pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current and contractual prices for the underlying instruments, as well as other relevant economic measures.

•

Level 3: Defined as pricing inputs that are unobservable form objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The Company measures the fair values of intangibles and other long-lived assets on a recurring basis if required by impairment tests applicable to these assets. The Company utilized Level 3 inputs to value intangibles and other long-lived assets as of January 31, 2022. See Note 11 to our consolidated financial statements.

Foreign Currency Translation—All balance sheet accounts of the Canadian resident subsidiary for fiscal 2022 and 2021 have been translated at the current exchange rate as of the end of the accounting period. Statements of operations items have been translated at average currency exchange rates. The resulting translation adjustment is recorded as a separate component of comprehensive income within stockholders’ equity.

Stock-Based Compensation—Stock-based compensation expense is recorded based on the grant date fair value of share-based awards. Restricted stock awards are valued at the closing price on the date of grant. Determining the grant date fair value for options requires management to make estimates regarding the variables used in the calculation of the grant date fair value. Those variables are the future volatility of our Common Stock price, the length of time an optionee will hold their options until exercising them (the “expected term”), and the number of options that will be forfeited before they are exercised (the “forfeiture rate”). We utilize various mathematical models in calculating the variables. Share-based compensation expense could be different if we used different models to calculate the variables.

Earnings Per Share—Net income (loss) per basic common share is computed using the weighted average number of common shares outstanding during the period. Net income (loss) per diluted common share is computed using the weighted average number of common shares and potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding Common Stock options having a dilutive effect using the treasury stock method, from unvested shares of restricted stock using the treasury stock method and from outstanding Common Stock warrants. For fiscal 2022 and 2021, the following table sets forth the number of potentially dilutive shares that may be issued pursuant to options, restricted stock and warrants outstanding used in the per share calculations.

Year Ended

January 31,

2022

2021

(in thousands)

Stock options
37 48

Restricted stock
13 17

Total dilutive shares
50 65

For fiscal 2022 and 2021, respectively, potentially dilutive common shares, underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Reclassifications—Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on the results of operations or comprehensive income.

Note 2 - Assets Held for Sale and Discontinued Operations

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

2. Assets Held for Sale and Discontinued Operations

On July 27, 2020, the Board determined to exit the Leasing Business. As a result, the assets, excluding cash, and liabilities of the Leasing Business are considered held for sale and its results of operations are reported as discontinued operations as of January 31, 2022 and for all comparative periods presented in these condensed consolidated financial statements. The Company originally anticipated selling the discontinued operations in multiple transactions, potentially involving the sale of legal entities, assets, or a combination of both, within the twelve months ending July 31, 2021. The Company now believes it will complete the process by July 31, 2022.

The assets reported as held for sale consist of the following:

	*As of January 31,*
	*2022*			*2021*
Current assets of discontinued operations:
Accounts receivable, net		177			1,668
Inventories, net		2			352
Prepaid expenses and other current assets		167			150
Seismic equipment lease pool and property and equipment, net		738			4,478
Loss recognized on classification as held for sale		(925	)		(2,327	)
Total assets of discontinued operations	$	159		$	4,321

The liabilities reported as held for sale consist of the following:

	*As of January 31,*
	*2022*		*2021*
Current liabilities of discontinued operations:
Accounts payable	$	132	$	59
Deferred revenue		73		73
Accrued expenses and other current liabilities		507		831
Income taxes payable		241		479
Total liabilities of discontinued operations	$	953	$	1,442

The results of operations from discontinued operations for the twelve months ended January 31, 2022 and 2021, consist of the following:

	*Twelve Months Ended January 31,*
	*2022*			*2021*
Revenues:
Revenue from discontinued operations	$	878		$	5,747
Cost of sales:
Cost of discontinued operations		993			4,537
Operating expenses:
Selling, general and administrative		1,622			4,589
(Recovery) provision for doubtful accounts		(450	)		470
Depreciation and amortization		5			132
Total operating expenses		1,177			5,191
Operating loss		(1,292	)		(3,981	)
Other income		93			201
Loss on disposal (including $2,745 of cumulative translation loss)		—			(1,859	)
Loss before income taxes from discontinued operations		(1,199	)		(5,639	)
Provision for income taxes from discontinued operations		(307	)		(665	)
Net loss from discontinued operations		(1,506	)		(6,304	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:

	*As of January 31,*
	*2022*			*2021*
Depreciation and amortization	$	5		$	1,830
Gross profit from sale of lease pool equipment	$	—		$	(1,326	)
(Recovery) provisions for doubtful accounts	$	(450	)	$	470
Loss on disposal of discontinued operations	$	—		$	1,859
Sale of used lease pool equipment	$	—		$	2,010
Sale of assets held for sale	$	6,198		$	1,506
Purchase of seismic equipment held for lease	$	—		$	(110	)

Note 3 - New Accounting Pronouncements

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Accounting Standards Update and Change in Accounting Principle [Text Block]

3. New Accounting Pronouncements

New accounting pronouncements that have been issued but not yet effective are currently being evaluated and at this time are not expected to have a material impact on our financial position or results of operations.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Note 4 - Liquidity

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Liquidation Basis of Accounting [Text Block]

4. Liquidity

The lingering impacts of the global pandemic, emerging supply chain disruptions and recent volatility in oil prices have created significant uncertainty in the global economy which could have a material adverse effect on the Company’s business, financial position, results of operations and liquidity. The time frame for which effects of the global pandemic, supply chain disruptions and volatility in oil prices will continue is uncertain as is the magnitude of any adverse impacts. Management believes that any negative impacts will be temporary, but there can be no assurance of that.

The Company has a history of generating operating losses and negative cash from operating activities and has relied on cash from the sale of lease pool equipment and the sale of Preferred Stock pursuant to its at the market (the “ATM”) offering programs for the past several years. As of January 31, 2022, the net book value of remaining lease pool equipment available for sale is approximately $700,000 and the Company has approximately 317,000 shares of Preferred Stock and approximately 13.8 million shares of Common Stock available for issuance. However, there can be no assurance the remaining lease pool equipment will be sold or that the Preferred Stock or Common Stock can be sold at a market price acceptable to the Company.

The above factors create substantial doubt regarding the Company’s future financial results and liquidity. As such, there is substantial doubt as to the Company's ability to continue as a going concern.

Management has identified the following mitigating factors regarding adequate liquidity and capital resources to meet its obligations.:

•

The Company has no funded debt, or other outstanding obligations, outside of normal trade obligations.

•

The Company has no obligations or agreements containing “maintenance type” financial covenants.

•

The Company has working capital of approximately $18.5 million as of January 31, 2022, including cash of approximately $5.1 million.

•

Should revenues be less than projected, the Company believes it is able, and has plans in place, to reduce costs proportionately in order to maintain positive cash flow.

•

The majority of the Company’s costs are variable in nature, such as raw materials and personnel related costs. The Company has recently eliminated two executive level positions, and additional reductions in operations, sales, and general and administrative headcount could be made, if deemed necessary by management.

•

The Company has a backlog of orders of approximately $13.1 million as of January 31, 2022. Production for certain of these orders was in process and included in inventory as of January 31, 2022, thereby reducing the liquidity needed to complete the orders. Subsequent to January 31, 2022 we received firm orders of approximately $5.7 million and responded to requests for proposals (“RFQ”s) of approximately $4.8 million. Accordingly, the combination of our backlog, subsequent orders and RFQ’s, which management believes will be confirmed and completed in fiscal 2023, currently total approximately $23.6 million.

•

Despite difficulties in world energy markets, the Company has been able to generate cash from the sale of lease pool equipment and collection of accounts receivable related to its discontinued operations. Management expects to generate additional liquidity from the sale of lease pool equipment in fiscal 2023.

•

The Company has declared the quarterly dividend on its Series A Preferred Stock for the quarter ending April 30, 2022, but such quarterly dividends could be suspended in the future.

•

Despite challenging economic conditions in the fiscal 2022, the Company was successful raising approximately $5.2 million in new capital through the sale of Common Stock and Preferred Stock pursuant to the 2^nd ATM offering program. Management expects to be able to raise further capital through the 2^nd ATM offering program should the need arise.

Notwithstanding the mitigating factors identified by management, there remains substantial doubt regarding the Company's ability to meet its obligations as they arise over the next twelve months.

Note 5 - Revenue From Contracts With Customers

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

5. Revenue from Contracts with Customers

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue recognized at a point in time:	(in thousands)
Seamap	$	16,422	$	16,304
Klein		5,428		4,145
Total revenue recognized at a point in time	$	21,850	$	20,449
Revenue recognized over time:
Seamap	$	871	$	766
Klein	$	386
Total revenue recognized over time		1,257		766
Total revenue from contracts with customers	$	23,107	$	21,215

The revenue from products manufactured and sold by our Seamap and Klein businesses, is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. However, from time to time our Seamap and Klein businesses provide repair and maintenance services, or perform upgrades, on customer owned equipment in which case revenue is recognized over time. In addition, our Seamap business provides annual Software Maintenance Agreements (“SMA”) to customers who have an active license for software imbedded in Seamap products. The revenue from SMA is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract.

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue from contracts with customers:	(in thousands)
United States	$	2,409	$	3,687
Europe, Russia & CIS		8,821		8,512
Middle East & Africa		35		1,226
Asia-Pacific		11,244		6,523
Canada & Latin America		598		1,267
Total revenue from contracts with customers	$	23,107	$	21,215

As of January 31, 2022, contract assets and liabilities consisted of the following:

	*January 31, 2022*		*January 31, 2021*
Contract Assets:	(in thousands)
Unbilled revenue-current	$	28	$	85
Total unbilled revenue	$	28	$	85
Contract Liabilities:
Deferred revenue & customer deposits - current	$	2,569	$	691
Total deferred revenue & customer deposits	$	2,569	$	691

Considering the products manufactured and sold by our Marine Technology Products business and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a three to six-month period.

With respect to the disclosures above, sales and transaction-based taxes are excluded from revenue, and we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Also, we expense costs incurred to obtain contracts because the amortization period would be one year or less. These costs are recorded in selling, general and administrative expenses.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Note 6 - Supplemental Statements of Cash Flows Information

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

6. Supplemental Statements of Cash Flows Information

Supplemental disclosures of cash flows information for fiscal 2022 and 2021 were as follows (in thousands):

	*Year Ended January 31,*
	*2022*		*2021*
Interest paid	$	31	$	40
Income taxes paid, net		355		336

Note 7 - Inventories

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

7. Inventories

Inventories from continuing operations consisted of the following (in thousands):

	*As of January 31,*
	*2022*			*2021*
Raw materials	$	8,511		$	6,905
Finished goods		3,806			3,466
Work in progress		3,567			2,445
Cost of inventories		15,884			12,816
Less allowance for obsolescence		(1,878	)		(1,363	)
Net inventories	$	14,006		$	11,453

Note 8 - Accounts Receivables

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Financing Receivables [Text Block]

8. Accounts Receivables

Accounts receivables from continuing operations consisted of the following (in thousands):

	*As of January 31, 2022*								*As of January 31, 2021*
	*Current*			*Long-term*		*Total*			*Current*			*Long-term*		*Total*
Accounts receivable	$	8,610		$	650	$	9,260		$	5,695		$	—	$	5,695
Less allowance for doubtful accounts		(484	)		—		(484	)		(948	)		—		(948	)
Accounts receivable net of allowance for doubtful accounts	$	8,126		$	650	$	8,776		$	4,747		$	—	$	4,747

* the long-term balance of accounts receivable is recorded in Other Assets.

Note 9 - Property and Equipment

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

9. Property and Equipment

Property and equipment from continuing operations consisted of the following (in thousands)

	*As of January 31,*
	*2022*			*2021*
Furniture and fixtures		9,865			9,750
Autos and trucks		495			491
Marine seismic service equipment		3,880			5,969
Land and buildings		4,555			4,354
Cost of property and equipment		18,795			20,564
Less accumulated depreciation		(14,523	)		(15,813	)
Net book value of property and equipment	$	4,272		$	4,751

Location of property and equipment (in thousands):

	*As of January 31,*
	*2022*		*2021*
United States	$	3,068	$	3,133
Europe		46		87
Singapore		332		480
Malaysia		826		1,051
Net book value of property and equipment	$	4,272	$	4,751

Note 10 - Leases

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

10. Leases

The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia and United Kingdom. We negotiated the termination of our Colombia lease obligation during the current fiscal year and our lease obligation in Canada was terminated as of March 31, 2022.

Lease expense for the twelve months ended January 31, 2022 and 2021 was approximately $1.2 million for each year, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $36,000 and $20,000 for the twelve months ended January 31, 2022 and 2021, respectively.

Supplemental balance sheet information related to leases as of January 31, 2022 and 2021 was as follows (in thousands):

	*As of January 31,*
Lease	*2022*		*2021*
Assets
Operating lease assets	$	1,835	$	1,471

Liabilities
Operating lease liabilities	$	1,835	$	1,471

Classification of lease liabilities
Current liabilities	$	869	$	1,008
Non-current liabilities		966		463
Total Operating lease liabilities	$	1,835	$	1,471

Lease-term and discount rate details as of January 31, 2022 and 2021 were as follows:

	*As of January 31,*
Lease term and discount rate	*2022*			*2021*
Weighted average remaining lease term (years)
Operating leases		1.82			1.09

Weighted average discount rate:
Operating leases		13	%		10	%

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

Supplemental cash flow information related to leases on January 31, 2022 and 2021 was as follows (in thousands):

	*As of January 31,*
Lease	*2022*			*2021*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(1,196	)	$	(1,157	)

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	—		$	—

Maturities of lease liabilities on January 31, 2022 and 2021 were as follows (in thousands):

	*As of January 31,*
	*2022*			*2021*
2022	$	869		$	1,007
2023		547			421
2021		285			110
2025		211			58
2026		188			24
Thereafter		204			—
Total payments under lease agreements	$	2,304		$	1,620

Less: imputed interest		(469	)		(149	)
Total lease liabilities	$	1,835		$	1,471

Prior to July 31, 2020, the Company leased seismic equipment to customers under operating leases with non-cancelable terms of one year or less. These leases were generally renewable on a month-to-month basis. All taxes (other than income taxes) and assessments were the contractual responsibility of the lessee. To the extent that foreign taxes were not paid by the lessee, the relevant foreign taxing authorities might seek to collect such taxes from the Company. Under the terms of its lease agreements, any amounts paid by the Company to such foreign taxing authorities may be billed and collected from the lessee. The Company is not aware of any foreign tax obligations as of January 31, 2022 and 2021 that are not reflected in the accompanying consolidated financial statements.

The Company leases its office and warehouse facilities in Canada, Texas, Singapore, United Kingdom, Hungary and Malaysia under operating leases. Our facilities lease in Canada was terminated as of March 31, 2022.

Note 11 - Goodwill and Other Intangible Assets

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

11. Goodwill and Other Intangible Assets

Goodwill and other intangible assets from continuing operations consisted of the following:

			*January 31, 2022*										*January 31, 2021*
	*Weighted*
	*Average*		*Gross*								*Net*		*Gross*								*Net*
	*Life at*		*Carrying*		*Accumulated*						*Carrying*		*Carrying*		*Accumulated*						*Carrying*
	*1/31/2022*		*Amount*		*Amortization*			*Impairment*			*Amount*		*Amount*		*Amortization*			*Impairment*			*Amount*
			(in thousands)										(in thousands)
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(7,060	)	$	—
Proprietary rights		6.0	$	8,237	$	(4,150	)		—			4,087	$	7,781	$	(3,688	)		—			4,093
Customer relationships		0.4		5,024		(4,797	)		—			227		5,024		(4,513	)		—			511
Patents		2.9		2,540		(1,778	)		—			762		2,440		(1,528	)		—			912
Trade name		4.3		894		(85	)		(760	)		49		894		(74	)		(760	)		60
Developed technology		3.9		1,430		(870	)		—			560		1,430		(727	)		—			703
Other		2.3		694		(361	)		—			333		684		(213	)		—			471
Amortizable intangible assets			$	18,819	$	(12,041	)	$	(760	)	$	6,018	$	18,253	$	(10,743	)	$	(760	)	$	6,750

As of January 31, 2022, the Company completed its annual review of intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap and Klein reporting units was greater than their carrying value. As a result, we did not record an impairment charge related to intangible assets in the Seamap and Klein reporting units in fiscal 2022.

As of January 31, 2021, the Company completed its annual review of intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. Based on a review of qualitative and quantitative factors it was determined it was more likely than not that the fair value of our Klein reporting unit was greater than its carrying value. Accordingly, we did not record an impairment charge related to intangible assets in the Seamap and Klein reporting units in fiscal 2021.

As of January 31, 2021, the Company has recorded impairment expense equal to 100% of the gross carrying amount of goodwill. As a result, no further review of goodwill is required. Due to the economic impact of the global pandemic, the decline in oil prices during the three months ended April 30, 2020, and a decline in the market value of the Company’s equity securities, the Company performed a quantitative review of the Seamap reporting unit and concluded that goodwill had been impaired. As a result, the Company recorded an impairment expense of approximately $2.5 million related to goodwill in the Seamap reporting unit during the quarter ended April 30, 2020.

Aggregate amortization expense was $1.3 million, and $1.8 million for fiscal 2022 and fiscal 2021, respectively. As of January 31, 2022, future estimated amortization expense related to amortizable intangible assets is estimated to be (in thousands):

For fiscal year ending January 31:
2023	$	1,185
2024		1,050
2025		820
2026		726
2027		425
Thereafter		1,812
Total	$	6,018

Note 12 - Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

12. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities from continuing operations consisted of the following (in thousands):

	*As of January 31,*
	*2022*		*2021*
Contract settlement	$	—	$	968
Wages and benefits		556		577
Customer deposits		2,601		484
Accrued inventory		900		—
Accrued preferred stock dividend		947
Other		758		883
Accrued Expenses and Other Liabilities	$	5,762	$	2,912

Note 13 - Notes Payable

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Long-Term Debt [Text Block]

13. Notes Payable

On May 5, 2020, the Company, and its wholly owned subsidiary, Klein (collectively, the “Borrowers”), were granted loans (the “Loans”) from Bank of America, N.A. in the aggregate amount of approximately $1.6 million, pursuant to the Small Business Association's Paycheck Protection Program (the “PPP”), a component of the Coronavirus Aid, Relief, and Economic Security Act which was enacted on March 27, 2020.

The Loans, in the form of promissory notes (the “Notes”) dated May 1, 2020 issued by the Borrowers, mature on May 1, 2022, and bear interest at a rate of 1% per annum, payable monthly commencing on November 1, 2020. The Notes stipulate various restrictions customary with this type of transaction including representations, warranties, and covenants, in addition to events of default, breaches of representation and warranties or other provisions of the Notes. In the event of default, the Borrowers may become obligated to repay all amounts outstanding under the Notes. The Borrowers may prepay the Notes at any time prior to maturity with no prepayment penalties.

Under the terms of the PPP, funds from the Loans may only be used for payroll costs, rent, utilities and interest on other debt obligations incurred prior to February 15, 2020. In addition, certain amounts of the Loan may be forgiven if the funds are used to pay qualifying expenses.

In January 2021, the Loan granted to the Company in the amount of approximately $757,000 was forgiven resulting in other income of that amount. In February 2021, the Loan granted to Klein in the amount of approximately $850,000 was also forgiven, resulting in other income of that amount. As of January 31, 2022, the Company had no outstanding balance under the Loans.

Note 14 - Stockholders' Equity

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

14. Stockholders’ Equity

The Company has 2,000,000 shares of Preferred Stock authorized. The Preferred Stock may be issued in multiple series with various terms, as authorized by the Company’s Board of Directors. As of January 31, 2022, 1,682,985 shares of the Series A Preferred Stock were outstanding, and 1,038,232 shares were outstanding as of January 31, 2021. Dividends on the Series A Preferred Stock are cumulative from the date of original issue and payable quarterly on or about the last day of January, April, July and October of each year when, as and if, declared by the Company’s board of directors. Dividends are payable out of amounts legally available therefor at a rate equal to 9.00% per annum per $25.00 of stated liquidation preference per share, or $2.25 per share of Series A Preferred Stock per year. The Company may not redeem the Series A Preferred Stock before June 8, 2021, except as described below. On or after June 8, 2021, the Company may redeem, at the Company’s option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date. If at any time a change of control occurs, the Company will have the option to redeem the Series A Preferred Stock, in whole or in part, within 120 days after the date on which the change of control occurred by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or other mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by the Company or converted into our Common Stock in connection with a change of control. Holders of the Series A Preferred Stock generally have no voting rights except for limited voting rights if dividends payable on the outstanding Series A Preferred Stock are in arrears for six or more consecutive or non-consecutive quarterly dividend periods, or if the Company fails to maintain the listing of the Series A Preferred Stock on a national securities exchange for a period continuing for more than 180 days.

The Company has 40,000,000 shares of Common Stock authorized, of which 15,705,000 and 15,681,000 were issued as of January 31, 2022 and 2021, Treasury shares as of January 31, 2022 and 2021 were 1,931,000 and 1,929,000, respectively.

During fiscal 2022, approximately 1,100 shares were surrendered in exchange for payment of taxes due upon the vesting of restricted shares. The shares had an average fair value of $1.25. During fiscal 2021, there were no shares surrendered in exchange for payment of taxes due upon vesting of restricted shares.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 13
-Subparagraph (b)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Note 15 - Related Party Transaction

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

15. Related Party Transaction

On October 7, 2016, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc. (the “Agent”). On December 18, 2019, the Company and Agent entered into an Amended and Restated equity distribution agreement (the “1^st Equity Distribution Agreement”). Pursuant to the 1^st Equity Distribution Agreement, the Company may sell up to 500,000 shares of the Series A Preferred Stock through the Agent through the 1^stATM offering program. The Co-Chief Executive Officer and Co-President of the Agent is the Non-Executive Chairman of the Board. Under the Equity Distribution Agreement, the Agent was entitled to compensation of up to 2.0% of the gross proceeds from the sale of Series A Preferred Stock under the 1^st ATM offering program. As of January 31, 2020, we had issued 994,046 shares which represent 100% of the Series A Preferred Stock available for sale through the 1^st Equity Distribution Agreement.

In September 2020 we entered into a new equity distribution agreement (the “2^nd Equity Distribution Agreement”) with the Agent with economic terms essentially identical to the initial agreement. Pursuant to the 2^nd Equity Distribution Agreement, the Company may sell up to 500,000 shares of Preferred Stock and 5,000,000 shares of $0.01 par value common stock (“Common Stock”) through the 2^nd ATM offering program.

On November 12, 2021, the Company issued 432,000 shares of the Series A Preferred Stock, pursuant to an underwriting agreement, dated November 9, 2021, by and between the Company and Ladenburg Thalmann & Co. Inc. The Co-Chief Executive Officer and Co-President of Ladenburg Thalmann & Co. Inc is the Non-Executive Chairman of the Company’s board of directors. Net proceeds to the Company were approximately $9.5 million and the underwriter received underwriting discounts and commissions totaling approximately $576,000 in connection with this offering. The Non-Executive Chairman of the Company received no portion of these discounts and commissions.

For the twelve months ended January 31, 2022, the Company issued 212,753 shares of Series A Preferred Stock under the 2^nd ATM offering program. Gross proceeds from these sales were approximately $5.3 million and the Agent received compensation of approximately $106,000, resulting in net proceeds to the Company of $5.2 million for the twelve months ended January 31, 2022. The Non-Executive Chairman of the Company received no portion of this compensation.

For the twelve months ended January 31, 2022, the Company issued 18,415 shares of Common Stock under the 2^nd ATM offering program. Gross proceeds from these sales were approximately $44,000, the Agent received compensation of approximately $1,000 resulting in net proceeds to the Company, after deducting underwriting discounts and offering costs, of approximately $43,000 for the twelve months ended January 31, 2022. The Non-Executive Chairman of the Company received no portion of this compensation.

On January 31, 2021, the Company had an outstanding obligation payable to the beneficiary of the estate of our former CEO. The obligation, which bore interest at 4% per annum, totaled approximately $968,000 and was included in accrued expenses and other current liabilities on the Company’s Consolidated Balance Sheet as of January 31, 2021. As of January 31, 2022, the outstanding obligation is fully paid and no longer presented in the Company’s Consolidated Balance Sheet.

Note 16 - Income Taxes

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Income Tax Disclosure [Text Block]

16. Income Taxes

	*Year Ended January 31,*
	*2022*			*2021*
	(in thousands)
Loss from continuing operations before income taxes is attributable to the following jurisdictions:
Domestic	$	(11,618	)	$	(8,851	)
Foreign		(2,000	)		(4,615	)
Total	$	(13,618	)	$	(13,466	)
The components of income tax expense (benefit) for continuing operations were as follows:
Current:
Domestic	$	27		$	22
Foreign		40			515
		67			537
Deferred:
Domestic		—			—
Foreign		(106	)		(1	)
		(106	)		(1	)
Income tax (benefit) expense	$	(39	)	$	536

The following is a reconciliation of expected to actual income tax expense (benefit) for continuing operations:

	*Year Ended January 31,*
	*2022*			*2021*
	(in thousands)
Federal income tax at 21%	$	(2,860	)	$	(2,828	)
Changes in tax rates		—			(50	)
Permanent differences		(144	)		413
Foreign effective tax rate differential		(8	)		66
Foreign withholding taxes, including penalties and interest		—			29
Valuation allowance on deferred tax assets		2,931			2,682
Excess tax deficiency for share-based payments under ASU 2016-09		13			66
Other		29			158
	$	(39	)	$	536

The components of the Company’s deferred taxes for continuing operations consisted of the following:

	*As of January 31,*
	*2022*			*2021*
	(in thousands)
Deferred tax assets:
Net operating losses	$	20,282		$	17,177
Tax credit carry forwards		165			139
Stock option book expense		833			718
Allowance for doubtful accounts		102			—
Inventory		835			565
Accruals not yet deductible for tax purposes		130			281
Fixed assets		289			232
Intangible assets		391			445
Other		623			599
Gross deferred tax assets		23,650			20,156
Valuation allowance		(23,650	)		(20,156	)
Deferred tax assets		—			—
Deferred tax liabilities:
Other		(92	)		(198	)
Deferred tax liabilities		(92	)		(198	)
Unrecognized tax benefits		—			—
Total deferred tax liabilities, net		(92	)	$	(198	)

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the global pandemic. The CARES Act, among other things, permits NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company does not believe the CARES Act will have a material impact on the Company’s future income tax expense or the related tax assets and liabilities.

The Company has determined that, due to the potential requirement for additional investment and working capital to achieve its objectives, the undistributed earnings of foreign subsidiaries as of January 31, 2022, are not deemed indefinitely reinvested outside of the United States. Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of January 31, 2022.

Included in deferred tax assets is approximately $833,000 related to stock-based compensation, including non-qualified stock options. Recent market prices for the Company’s Common Stock remain below the exercise price of a number of options outstanding as of January 31, 2022. Should the market price of the Company’s Common Stock remain below the exercise price of the options, these stock options will expire without exercise. In accordance with the provisions of ASC 718-740-10, a valuation allowance has not been computed based on the decline in stock price.

As of January 31, 2022, the Company has recorded valuation allowances of approximately $23.7 million related to deferred tax assets for continuing operations. These deferred tax assets relate primarily to net operating loss carryforwards in the United States and other jurisdictions. The valuation allowances were determined based on management’s judgment as to the likelihood that the deferred tax assets would not be realized. The judgment was based on an evaluation of available evidence, both positive and negative.

On January 31, 2022, the Company had tax credit carry forwards for continuing operations of approximately $165,000, which amounts can be carried forward through at least 2026.

As of January 31, 2022, and 2021 the company had no unrecognized tax benefits attributable to uncertain tax positions.

The Company recognizes interest and penalties related to income tax matters as a component of income tax expense.

The Company files U.S. federal income tax returns as well as separate returns for its foreign subsidiaries within their local jurisdictions. The Company’s U.S. federal tax returns are subject to examination by the IRS for fiscal years ended January 31, 2019, through 2022. The Company’s tax returns may also be subject to examination by state and local revenue authorities for fiscal years ended January 31, 2017, through 2022. The Company’s Singapore income tax returns are subject to examination by the Singapore tax authorities for fiscal years ended January 31, 2017, through 2022. The Company’s tax returns in other foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2018 through January 31, 2022.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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+ Details

Note 17 - Commitments and Contingencies

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

17. Commitments and Contingencies

Contractual Obligations—During fiscal 2021 we entered into an agreement (the “Agreement”) with a major European defense contractor (the “Co-developer”) for the joint development and marketing of synthetic aperture sonar (“SAS”) systems. Under the terms of the Agreement, we are obligated to make payments upon completion of certain developmental milestones related to a license for use of the Co-developer’s underlying technology. Our total potential commitment, assuming achievement of all milestones contemplated in the Agreement, is approximately $1.6 million, of which approximately $748,000 and $337,000 was paid as of January 31, 2022 and 2021, respectively.

Purchase Obligations—On January 31, 2022, the Company had approximately $6.4 million in purchase orders outstanding.

Note 18 - Stock Option Plans

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

18. Stock Option Plans

At January 31, 2022, the Company had stock-based compensation plans as described in more detail below. The total compensation expense related to stock-based awards granted under these plans during fiscal 2022 and 2021 was approximately $643,000 and $708,000, respectively. The Company recognizes stock-based compensation costs net of a forfeiture rate for only those awards expected to vest over the requisite service period of the award. The Company estimates the forfeiture rate based on its historical experience regarding employee terminations and forfeitures.

The fair value of each option award is estimated as of the date of grant using a Black-Scholes-Merton option pricing formula. Expected volatility is based on historical volatility of the Company’s stock over a preceding period commensurate with the expected term of the option. The expected term is based upon historical exercise patterns. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend yield was not considered in the option pricing formula since the Company does not pay dividends and has not paid any dividends since its incorporation. The weighted average grant-date fair value of options granted during fiscal 2022 and 2021 were $1.04 and $.70, respectively. The assumptions for the periods indicated are noted in the following table.

Weighted average Black-Scholes-Merton fair value assumptions

	*Year Ended January 31,*
	*2022*			*2021*
Risk free interest rate		0.72% - 0.72%			0.34% - 0.37%
Expected life (in years)		3.97 - 5.97			3.97 - 5.97
Expected volatility		63% - 63%			53% - 64%
Expected dividend yield		0.00	%		0.00	%

Cash flows resulting from tax benefits attributable to tax deductions in excess of the compensation expense recognized for those options (excess tax benefits) are classified as financing out-flows and operating in-flows. The Company had no excess tax benefits during fiscal 2022 and 2021.

The Company has share-based awards outstanding under, the MIND Technology, Inc. Stock Awards Plan (“the Plan”). Stock options granted and outstanding under the Plan generally vest evenly over three years and have a 10-year contractual term. The exercise price of a stock option generally is equal to the fair market value of the Company’s Common Stock on the option grant date. As of January 31, 2022, there were approximately 868,000 shares available for grant under the Plan. The Plan provides for awards of nonqualified stock options, incentive stock options, restricted stock awards, restricted stock units and phantom stock. New shares are issued upon vesting for restricted stock and upon exercise for options.

Stock Based Compensation Activity

The following table presents a summary of the Company’s stock option activity for the fiscal year ended January 31, 2022:

						*Weighted*
						*Average*
				*Weighted*		*Remaining*		*Aggregate*
	*Number of*			*Average*		*Contractual*		*Intrinsic*
	*Shares*			*Exercise*		*Term*		*Value*
	*(in thousands)*			*Price*		*(in years)*		*(in thousands)*
Outstanding, January 31, 2021		2,586		$	4.09		6.58	$	222
Granted		875			1.97
Exercised		—			—
Forfeited		(10	)		3.79
Expired		(26	)		6.28
Outstanding, January 31, 2022		3,425		$	3.53		6.58	$	100
Exercisable at January 31, 2022		2,158		$	4.34		5.19	$	—
Vested and expected to vest at January 31, 2022		3,361		$	3.60		6.54	$	99

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of the fourth quarter of fiscal 2022 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on January 31, 2022. This amount changes based upon the market value of the Company’s Common Stock. No options were exercised during fiscal 2022 and 2021. The fair value of options that vested during the fiscal years ended January 31, 2022 and 2021 was approximately $700,000 and $950,000, respectively. For fiscal 2022, approximately 500,000 options vested.

As of January 31, 2022, there was approximately $737,000 of total unrecognized compensation expense related to unvested stock options granted under the Company’s share-based compensation plans. That expense is expected to be recognized over a weighted average period of 1.6 years.

Restricted stock as of January 31, 2022 and changes during fiscal 2022 were as follows:

	*Year Ended January 31, 2022*
	*Number of*			*Weighted Average*
	*Shares*			*Grant Date Fair*
	*(in thousands)*			*Value*
Unvested, beginning of period		40		$	2.94
Granted		—			—
Vested		(18	)		3.19
Canceled		—			—
Unvested, end of period		22		$	2.76

As of January 31, 2022, there was approximately no unrecognized stock-based compensation expense related to unvested restricted stock awards.

Note 19 - Segment Reporting

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

19. Segment Reporting

With the designation of the Equipment Leasing segment as discontinued operations as of July 31, 2020, the Company operates in one segment, Marine Technology Products. The Marine Technology Products business is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the states of New Hampshire and Texas.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Note 20 - Corporate Restructuring

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

20. Corporate Restructuring

On August 3, 2020, the Company, formerly Mitcham Industries, Inc., completed the reincorporation from the State of Texas to the State of Delaware, including a name change to MIND Technology, Inc. The change in legal domicile and company name were approved by the affirmative vote of the holders of more than two-thirds of the votes of the Company’s Common Stock and Preferred Stock, voting separately, at the Annual Meeting of Stockholders held on July 27, 2020. As part of the reincorporation merger, the stockholders approved an increase in the number of authorized shares of capital stock from 21,000,000 shares to 42,000,000 shares, consisting of (i) 40,000,000 shares of Common Stock (up from 20,000,000 shares), and (ii) 2,000,000 shares of Preferred Stock (up from 1,000,000 shares).

Pursuant to the terms of the reincorporation merger, each outstanding share of Common Stock and each share of Preferred Stock of Mitcham Industries, Inc., the Texas corporation, automatically converted into one share of Common Stock and one share of Series A Preferred Stock, respectively, of MIND Technology, Inc., the Delaware corporation. Stockholders who hold physical stock certificates are not required to, but may, exchange stock certificates as a result of the reincorporation. The Company’s Common Stock and Preferred Stock continued to trade on the NASDAQ Global Select Market under their ticker symbols, “MIND” and “MINDP”, respectively. The Company’s Common Stock was assigned a new CUSIP number of 602566 101 and the Company’s Preferred Stock was assigned a new CUSIP number of 602566 200.

No changes have been made to the Board, management, business or operations of the Company as a result of the reincorporation. The Company’s corporate headquarters remains in Texas.

Note 21 - Concentrations

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

21. Concentrations

Credit Risk— As of January 31, 2022, we had two customers that exceeded 10% of consolidated accounts receivable. During fiscal 2021, we had three customers that exceeded 10% of consolidated accounts receivable.

Revenue Risk— In fiscal 2022 and 2021, our single largest customer accounted for approximately 23% and 15%, respectively, of our consolidated revenues. Together, our five largest customers accounted for approximately 51% of our consolidated revenues in fiscal 2022.

The Company maintains deposits and certificates of deposit with banks which may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit and money market accounts which are not FDIC insured. In addition, deposits aggregating approximately $2.6 million at January 31, 2022 are held in foreign banks. Management believes the risk of loss in connection with these accounts is minimal.

Supplier Concentration—The Company has satisfactory relationships with its suppliers. However, should those relationships deteriorate, the Company may have difficulty in obtaining new technology requested by its customers and maintaining the existing equipment in accordance with manufacturers’ specifications.

Note 22 - Sales and Major Customers

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

5. Revenue from Contracts with Customers

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue recognized at a point in time:	(in thousands)
Seamap	$	16,422	$	16,304
Klein		5,428		4,145
Total revenue recognized at a point in time	$	21,850	$	20,449
Revenue recognized over time:
Seamap	$	871	$	766
Klein	$	386
Total revenue recognized over time		1,257		766
Total revenue from contracts with customers	$	23,107	$	21,215

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue from contracts with customers:	(in thousands)
United States	$	2,409	$	3,687
Europe, Russia & CIS		8,821		8,512
Middle East & Africa		35		1,226
Asia-Pacific		11,244		6,523
Canada & Latin America		598		1,267
Total revenue from contracts with customers	$	23,107	$	21,215

As of January 31, 2022, contract assets and liabilities consisted of the following:

	*January 31, 2022*		*January 31, 2021*
Contract Assets:	(in thousands)
Unbilled revenue-current	$	28	$	85
Total unbilled revenue	$	28	$	85
Contract Liabilities:
Deferred revenue & customer deposits - current	$	2,569	$	691
Total deferred revenue & customer deposits	$	2,569	$	691

Non-US [Member]

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

22. Sales and Major Customers

A summary of the Company’s revenues, from continuing operations, from customers by geographic region, outside the U.S., is as follows (in thousands):

	*Year Ended January 31,*
	*2022*		*2021*
UK/Europe	$	8,174	$	8,005
Canada		273		1,267
Latin America		325		—
Asia/South Pacific		11,244		6,523
Eurasia		647		507
Other		35		1,226
Total	$	20,698	$	17,528

During fiscal years ended January 31, 2022, and 2021 one individual customer exceeded 10% of total revenue.

- Definition

+ References

+ Details

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2022

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II

MIND TECHNOLOGY, INC.

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)

Col. A	*Col. B*		*Col. C(1)*			*Col. C(2)*				*Col. D*				*Col. E*
	*Balance at*		*Charged to*			*Charged*
	*Beginning*		*Costs and*			*to Other*				*Deductions*				*Balance at End*
Description	*of Period*		*Expenses*			*Accounts*				*Describe*				*of Period*
Allowance for doubtful accounts
January 31, 2022	$	1,776		(820	)		—		(a)		(450	)	(b)	$	506
January 31, 2021	$	4,054		1,129			(43	)	(a)		(3,364	)	(b)	$	1,776
Allowance for obsolete equipment and inventory
January 31, 2022	$	1,660		921			—		(a)		(163	)	(c)	$	2,418
January 31, 2021	$	1,404		321			1		(a)		(66	)	(c)	$	1,660

(a)	Represents translation differences.
(b)	Represents recoveries and uncollectible accounts written off.

(c)	Represents sale or scrap of inventory and obsolete equipment.

Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2022

Accounting Policies [Abstract]

Going Concern [Policy Text Block]

Consolidation, Policy [Policy Text Block]

Revenue from Contract with Customer [Policy Text Block]

Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents—The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents.

Investment, Policy [Policy Text Block]

Short-term Investments—The Company considers all highly liquid investments with an original maturity greater than three months, but less than twelve months, to be short-term investments.

Inventory, Policy [Policy Text Block]

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment—Property and equipment is carried at cost, net of accumulated depreciation. Depreciation is computed on the straight-line method over the related estimated useful lives. The estimated useful lives of equipment range from three to seven years. Buildings are depreciated over 30 years and property improvements are amortized over 10 years or the shorter of their useful life. Leasehold improvements are amortized over the shorter of the realized estimated useful life or the life of the respective leases. No salvage value is assigned to property and equipment.

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Intangible Assets—Intangible assets are carried at cost, net of accumulated amortization. Amortization is computed on the straight-line method (for customer relationships, the straight-line method is not materially different from other methods that estimate run off of the underlying customer base) over the estimated life of the asset. Proprietary rights, developed technology and amortizable tradenames are amortized over a 10 to 15-year period. Customer relationships are amortized over an eight-year period. Patents are amortized over an eight to ten-year period.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment—The Company reviews its long-lived assets, including its amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value. The determination of future cash flows as well as the estimated fair value of long-lived assets involves significant estimates on the part of management. The Company performs an impairment test on goodwill and indefinite lived assets on an annual basis. The Company performs a qualitative review to determine if it is more likely than not that the fair value of our reporting units is greater their carrying value. If the Company is unable to conclude qualitatively that it is more likely than not that a reporting unit’s fair value exceeds its carrying value, then the Company performs a quantitative assessment of fair value of the reporting unit. The quantitative reviews involve significant estimates on the part of management.

Standard Product Warranty, Policy [Policy Text Block]

Product Warranties—Seamap provide its customers warranties against defects in materials and workmanship generally for a period of three months after delivery of the product. Klein also provides its customers with similar warranties against defects in material and workmanship for an approximate twelve months period subsequent to delivery of the product. The Company maintains an accrual for potential warranty costs based on historical warranty claims. For fiscal 2022 and 2021, warranty expense was not material.

Income Tax, Policy [Policy Text Block]

Income Taxes—The Company accounts for income taxes under the liability method, whereby the Company recognizes deferred tax assets and liabilities which represent differences between the financial and income tax reporting basis of its assets and liabilities. Deferred tax assets and liabilities are determined based on temporary differences between income and expenses reported for financial reporting and tax reporting. The Company has assessed, using all available positive and negative evidence, the likelihood that the deferred tax assets will be recovered from future taxable income.

The weight given to the potential effect of positive and negative evidence is commensurate with the extent to which it can be objectively verified. The preponderance of negative or positive evidence supports a conclusion regarding the need for a valuation allowance for some portion, or all, of the deferred tax asset. The more significant types of evidence considered include the following:

•

projected taxable income in future years;

•

our history of taxable income within a particular jurisdiction;

•

any history of deferred tax assets expiring prior realization;

•

whether the carry forward period is so brief that it would limit realization of tax benefits;

•

other limitations on the utilization of tax benefits;

•

future sales and operating cost projections that will produce more than enough taxable income to realize the deferred tax asset based on existing sales prices and cost structures;

•

our earnings history exclusive of the loss that created the future deductible amount coupled with evidence indicating that the loss is an aberration rather than a continuing condition; and

•

tax planning strategies that will create additional taxable income.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates—The preparation of the Company’s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, the allowance for doubtful accounts, inventory obsolescence, lease pool valuations, valuation allowance on deferred tax assets, the evaluation of uncertain tax positions, estimated depreciable lives of fixed assets and intangible assets, impairment of fixed assets and intangible assets, valuation of assets acquired and liabilities assumed in business combinations and the valuation of stock options. Future events and their effects cannot be perceived with certainty. Accordingly, these accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the consolidated financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results could differ from these estimates.

Substantial judgment is necessary in the determination of the appropriate levels for the Company’s allowance for doubtful accounts because of the extended payment terms the Company offers to its customers on occasion and the limited financial wherewithal of certain of these customers. As a result, the Company’s allowance for doubtful accounts could change in the future, and such change could be material to the financial statements taken as a whole. The Company must also make substantial judgments regarding the valuation allowance on deferred tax assets and with respect to quantitative analysis prepared in conjunction with impairment analysis related to goodwill and other intangible assets.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments—The Company’s financial instruments consist of accounts and contracts receivable and accounts payable.

The Financial Accounting Standards Board (“FASB”) has issued guidance on the definition of fair value, the framework for using fair value to measure assets hierarchy, which prioritizes the inputs used to measure fair value. These tiers include:

•

Level 1: Defined as observable inputs such as quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

•

Level 2: Defined as pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current and contractual prices for the underlying instruments, as well as other relevant economic measures.

•

Level 3: Defined as pricing inputs that are unobservable form objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The Company measures the fair values of intangibles and other long-lived assets on a recurring basis if required by impairment tests applicable to these assets. The Company utilized Level 3 inputs to value intangibles and other long-lived assets as of January 31, 2022. See Note 11 to our consolidated financial statements.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation—All balance sheet accounts of the Canadian resident subsidiary for fiscal 2022 and 2021 have been translated at the current exchange rate as of the end of the accounting period. Statements of operations items have been translated at average currency exchange rates. The resulting translation adjustment is recorded as a separate component of comprehensive income within stockholders’ equity.

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation—Stock-based compensation expense is recorded based on the grant date fair value of share-based awards. Restricted stock awards are valued at the closing price on the date of grant. Determining the grant date fair value for options requires management to make estimates regarding the variables used in the calculation of the grant date fair value. Those variables are the future volatility of our Common Stock price, the length of time an optionee will hold their options until exercising them (the “expected term”), and the number of options that will be forfeited before they are exercised (the “forfeiture rate”). We utilize various mathematical models in calculating the variables. Share-based compensation expense could be different if we used different models to calculate the variables.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share—Net income (loss) per basic common share is computed using the weighted average number of common shares outstanding during the period. Net income (loss) per diluted common share is computed using the weighted average number of common shares and potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding Common Stock options having a dilutive effect using the treasury stock method, from unvested shares of restricted stock using the treasury stock method and from outstanding Common Stock warrants. For fiscal 2022 and 2021, the following table sets forth the number of potentially dilutive shares that may be issued pursuant to options, restricted stock and warrants outstanding used in the per share calculations.

	*Year Ended*
	*January 31,*
	*2022*		*2021*
	(in thousands)
Stock options		37		48
Restricted stock		13		17
Total dilutive shares		50		65

For fiscal 2022 and 2021, respectively, potentially dilutive common shares, underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications—Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on the results of operations or comprehensive income.

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*Year Ended*
	*January 31,*
	*2022*		*2021*
	(in thousands)
Stock options		37		48
Restricted stock		13		17
Total dilutive shares		50		65

Note 2 - Assets Held for Sale and Discontinued Operations (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

	*As of January 31,*
	*2022*			*2021*
Current assets of discontinued operations:
Accounts receivable, net		177			1,668
Inventories, net		2			352
Prepaid expenses and other current assets		167			150
Seismic equipment lease pool and property and equipment, net		738			4,478
Loss recognized on classification as held for sale		(925	)		(2,327	)
Total assets of discontinued operations	$	159		$	4,321

	*As of January 31,*
	*2022*		*2021*
Current liabilities of discontinued operations:
Accounts payable	$	132	$	59
Deferred revenue		73		73
Accrued expenses and other current liabilities		507		831
Income taxes payable		241		479
Total liabilities of discontinued operations	$	953	$	1,442

	*Twelve Months Ended January 31,*
	*2022*			*2021*
Revenues:
Revenue from discontinued operations	$	878		$	5,747
Cost of sales:
Cost of discontinued operations		993			4,537
Operating expenses:
Selling, general and administrative		1,622			4,589
(Recovery) provision for doubtful accounts		(450	)		470
Depreciation and amortization		5			132
Total operating expenses		1,177			5,191
Operating loss		(1,292	)		(3,981	)
Other income		93			201
Loss on disposal (including $2,745 of cumulative translation loss)		—			(1,859	)
Loss before income taxes from discontinued operations		(1,199	)		(5,639	)
Provision for income taxes from discontinued operations		(307	)		(665	)
Net loss from discontinued operations		(1,506	)		(6,304	)

	*As of January 31,*
	*2022*			*2021*
Depreciation and amortization	$	5		$	1,830
Gross profit from sale of lease pool equipment	$	—		$	(1,326	)
(Recovery) provisions for doubtful accounts	$	(450	)	$	470
Loss on disposal of discontinued operations	$	—		$	1,859
Sale of used lease pool equipment	$	—		$	2,010
Sale of assets held for sale	$	6,198		$	1,506
Purchase of seismic equipment held for lease	$	—		$	(110	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
-Paragraph 3A
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
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-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Note 5 - Revenue From Contracts With Customers (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Disaggregation of Revenue [Table Text Block]

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue recognized at a point in time:	(in thousands)
Seamap	$	16,422	$	16,304
Klein		5,428		4,145
Total revenue recognized at a point in time	$	21,850	$	20,449
Revenue recognized over time:
Seamap	$	871	$	766
Klein	$	386
Total revenue recognized over time		1,257		766
Total revenue from contracts with customers	$	23,107	$	21,215

	*Twelve Months Ended January 31,*
	*2022*		*2021*
Revenue from contracts with customers:	(in thousands)
United States	$	2,409	$	3,687
Europe, Russia & CIS		8,821		8,512
Middle East & Africa		35		1,226
Asia-Pacific		11,244		6,523
Canada & Latin America		598		1,267
Total revenue from contracts with customers	$	23,107	$	21,215

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

	*January 31, 2022*		*January 31, 2021*
Contract Assets:	(in thousands)
Unbilled revenue-current	$	28	$	85
Total unbilled revenue	$	28	$	85
Contract Liabilities:
Deferred revenue & customer deposits - current	$	2,569	$	691
Total deferred revenue & customer deposits	$	2,569	$	691

Note 6 - Supplemental Statements of Cash Flows Information (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

	*Year Ended January 31,*
	*2022*		*2021*
Interest paid	$	31	$	40
Income taxes paid, net		355		336

Note 7 - Inventories (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Inventory, Current [Table Text Block]

	*As of January 31,*
	*2022*			*2021*
Raw materials	$	8,511		$	6,905
Finished goods		3,806			3,466
Work in progress		3,567			2,445
Cost of inventories		15,884			12,816
Less allowance for obsolescence		(1,878	)		(1,363	)
Net inventories	$	14,006		$	11,453

Note 8 - Accounts Receivables (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	*As of January 31, 2022*								*As of January 31, 2021*
	*Current*			*Long-term*		*Total*			*Current*			*Long-term*		*Total*
Accounts receivable	$	8,610		$	650	$	9,260		$	5,695		$	—	$	5,695
Less allowance for doubtful accounts		(484	)		—		(484	)		(948	)		—		(948	)
Accounts receivable net of allowance for doubtful accounts	$	8,126		$	650	$	8,776		$	4,747		$	—	$	4,747

* the long-term balance of accounts receivable is recorded in Other Assets.

Note 9 - Property and Equipment (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Property, Plant and Equipment [Table Text Block]

	*As of January 31,*
	*2022*			*2021*
Furniture and fixtures		9,865			9,750
Autos and trucks		495			491
Marine seismic service equipment		3,880			5,969
Land and buildings		4,555			4,354
Cost of property and equipment		18,795			20,564
Less accumulated depreciation		(14,523	)		(15,813	)
Net book value of property and equipment	$	4,272		$	4,751

Schedule Of Property Plant And Equipment By Geographic Area [Table Text Block]

	*As of January 31,*
	*2022*		*2021*
United States	$	3,068	$	3,133
Europe		46		87
Singapore		332		480
Malaysia		826		1,051
Net book value of property and equipment	$	4,272	$	4,751

Note 10 - Leases (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Assets and Liabilities, Lessee [Table Text Block]

	*As of January 31,*
Lease	*2022*		*2021*
Assets
Operating lease assets	$	1,835	$	1,471

Liabilities
Operating lease liabilities	$	1,835	$	1,471

Classification of lease liabilities
Current liabilities	$	869	$	1,008
Non-current liabilities		966		463
Total Operating lease liabilities	$	1,835	$	1,471

Lease, Cost [Table Text Block]

	*As of January 31,*
Lease term and discount rate	*2022*			*2021*
Weighted average remaining lease term (years)
Operating leases		1.82			1.09

Weighted average discount rate:
Operating leases		13	%		10	%

	*As of January 31,*
Lease	*2022*			*2021*
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(1,196	)	$	(1,157	)

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	—		$	—

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

	*As of January 31,*
	*2022*			*2021*
2022	$	869		$	1,007
2023		547			421
2021		285			110
2025		211			58
2026		188			24
Thereafter		204			—
Total payments under lease agreements	$	2,304		$	1,620

Less: imputed interest		(469	)		(149	)
Total lease liabilities	$	1,835		$	1,471

Note 11 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Intangible Assets and Goodwill [Table Text Block]

			*January 31, 2022*										*January 31, 2021*
	*Weighted*
	*Average*		*Gross*								*Net*		*Gross*								*Net*
	*Life at*		*Carrying*		*Accumulated*						*Carrying*		*Carrying*		*Accumulated*						*Carrying*
	*1/31/2022*		*Amount*		*Amortization*			*Impairment*			*Amount*		*Amount*		*Amortization*			*Impairment*			*Amount*
			(in thousands)										(in thousands)
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(7,060	)	$	—
Proprietary rights		6.0	$	8,237	$	(4,150	)		—			4,087	$	7,781	$	(3,688	)		—			4,093
Customer relationships		0.4		5,024		(4,797	)		—			227		5,024		(4,513	)		—			511
Patents		2.9		2,540		(1,778	)		—			762		2,440		(1,528	)		—			912
Trade name		4.3		894		(85	)		(760	)		49		894		(74	)		(760	)		60
Developed technology		3.9		1,430		(870	)		—			560		1,430		(727	)		—			703
Other		2.3		694		(361	)		—			333		684		(213	)		—			471
Amortizable intangible assets			$	18,819	$	(12,041	)	$	(760	)	$	6,018	$	18,253	$	(10,743	)	$	(760	)	$	6,750

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

For fiscal year ending January 31:
2023	$	1,185
2024		1,050
2025		820
2026		726
2027		425
Thereafter		1,812
Total	$	6,018

Note 12 - Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Other Current Liabilities [Table Text Block]

	*As of January 31,*
	*2022*		*2021*
Contract settlement	$	—	$	968
Wages and benefits		556		577
Customer deposits		2,601		484
Accrued inventory		900		—
Accrued preferred stock dividend		947
Other		758		883
Accrued Expenses and Other Liabilities	$	5,762	$	2,912

Note 16 - Income Taxes (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	*Year Ended January 31,*
	*2022*			*2021*
	(in thousands)
Loss from continuing operations before income taxes is attributable to the following jurisdictions:
Domestic	$	(11,618	)	$	(8,851	)
Foreign		(2,000	)		(4,615	)
Total	$	(13,618	)	$	(13,466	)
The components of income tax expense (benefit) for continuing operations were as follows:
Current:
Domestic	$	27		$	22
Foreign		40			515
		67			537
Deferred:
Domestic		—			—
Foreign		(106	)		(1	)
		(106	)		(1	)
Income tax (benefit) expense	$	(39	)	$	536

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*Year Ended January 31,*
	*2022*			*2021*
	(in thousands)
Federal income tax at 21%	$	(2,860	)	$	(2,828	)
Changes in tax rates		—			(50	)
Permanent differences		(144	)		413
Foreign effective tax rate differential		(8	)		66
Foreign withholding taxes, including penalties and interest		—			29
Valuation allowance on deferred tax assets		2,931			2,682
Excess tax deficiency for share-based payments under ASU 2016-09		13			66
Other		29			158
	$	(39	)	$	536

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	*As of January 31,*
	*2022*			*2021*
	(in thousands)
Deferred tax assets:
Net operating losses	$	20,282		$	17,177
Tax credit carry forwards		165			139
Stock option book expense		833			718
Allowance for doubtful accounts		102			—
Inventory		835			565
Accruals not yet deductible for tax purposes		130			281
Fixed assets		289			232
Intangible assets		391			445
Other		623			599
Gross deferred tax assets		23,650			20,156
Valuation allowance		(23,650	)		(20,156	)
Deferred tax assets		—			—
Deferred tax liabilities:
Other		(92	)		(198	)
Deferred tax liabilities		(92	)		(198	)
Unrecognized tax benefits		—			—
Total deferred tax liabilities, net		(92	)	$	(198	)

Note 18 - Stock Option Plans (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

	*Year Ended January 31,*
	*2022*			*2021*
Risk free interest rate		0.72% - 0.72%			0.34% - 0.37%
Expected life (in years)		3.97 - 5.97			3.97 - 5.97
Expected volatility		63% - 63%			53% - 64%
Expected dividend yield		0.00	%		0.00	%

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

						*Weighted*
						*Average*
				*Weighted*		*Remaining*		*Aggregate*
	*Number of*			*Average*		*Contractual*		*Intrinsic*
	*Shares*			*Exercise*		*Term*		*Value*
	*(in thousands)*			*Price*		*(in years)*		*(in thousands)*
Outstanding, January 31, 2021		2,586		$	4.09		6.58	$	222
Granted		875			1.97
Exercised		—			—
Forfeited		(10	)		3.79
Expired		(26	)		6.28
Outstanding, January 31, 2022		3,425		$	3.53		6.58	$	100
Exercisable at January 31, 2022		2,158		$	4.34		5.19	$	—
Vested and expected to vest at January 31, 2022		3,361		$	3.60		6.54	$	99

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

	*Year Ended January 31, 2022*
	*Number of*			*Weighted Average*
	*Shares*			*Grant Date Fair*
	*(in thousands)*			*Value*
Unvested, beginning of period		40		$	2.94
Granted		—			—
Vested		(18	)		3.19
Canceled		—			—
Unvested, end of period		22		$	2.76

Note 22 - Sales and Major Customers (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	*Year Ended January 31,*
	*2022*		*2021*
UK/Europe	$	8,174	$	8,005
Canada		273		1,267
Latin America		325		—
Asia/South Pacific		11,244		6,523
Eurasia		647		507
Other		35		1,226
Total	$	20,698	$	17,528

Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Jan. 31, 2022

Notes Tables

Valuation Allowances and Reserves [Table Text Block]

Col. A	*Col. B*		*Col. C(1)*			*Col. C(2)*				*Col. D*				*Col. E*
	*Balance at*		*Charged to*			*Charged*
	*Beginning*		*Costs and*			*to Other*				*Deductions*				*Balance at End*
Description	*of Period*		*Expenses*			*Accounts*				*Describe*				*of Period*
Allowance for doubtful accounts
January 31, 2022	$	1,776		(820	)		—		(a)		(450	)	(b)	$	506
January 31, 2021	$	4,054		1,129			(43	)	(a)		(3,364	)	(b)	$	1,776
Allowance for obsolete equipment and inventory
January 31, 2022	$	1,660		921			—		(a)		(163	)	(c)	$	2,418
January 31, 2021	$	1,404		321			1		(a)		(66	)	(c)	$	1,660

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Jan. 31, 2022
Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	8 years
Building [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Property Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Minimum [Member]
Contract With Customer Performance Period (Year)	3 years
Property, Plant and Equipment, Useful Life (Year)	3 years
Minimum [Member] \| Proprietary Rights, Developed Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Minimum [Member] \| Patents [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	8 years
Maximum [Member]
Contract With Customer Performance Period (Year)	12 years
Property, Plant and Equipment, Useful Life (Year)	7 years
Maximum [Member] \| Proprietary Rights, Developed Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Maximum [Member] \| Patents [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years

Note 1 - Organization and Summary of Significant Accounting Policies - Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Total dilutive shares (in shares)	50	65
Share-Based Payment Arrangement, Option [Member]
Stock options (in shares)	37	48
Restricted Stock [Member]
Stock options (in shares)	13	17

Note 2 - Assets Held for Sale and Discontinued Operations - Held for Sale and Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Loss recognized on classification as held for sale	$ (925)	$ (2,327)
Total assets of discontinued operations	159	4,321
Total liabilities of discontinued operations	953	1,442
Loss on disposal (including $2,745 of cumulative translation loss)	(0)	(1,859)
Net loss from discontinued operations	(1,506)	(6,304)
Loss on disposal of discontinued operations	0	1,859
Sale of used lease pool equipment	0	2,010
Sale of assets held for sale	5,437	1,506
Purchases of seismic equipment held for lease	0	(110)
Lease Pool Equipment [Member]
Gross profit from sale of lease pool equipment	(0)	1,326
Discontinued Operations, Held-for-sale [Member]
Accounts receivable, net	177	1,668
Inventories, net	2	352
Prepaid expenses and other current assets	167	150
Seismic equipment lease pool and property and equipment, net	738	4,478
Total assets of discontinued operations	159	4,321
Accounts payable	132	59
Deferred revenue	73	73
Accrued expenses and other current liabilities	507	831
Income taxes payable	241	479
Total liabilities of discontinued operations	953	1,442
Revenue from discontinued operations	878	5,747
Cost of discontinued operations	993	4,537
Selling, general and administrative	1,622	4,589
(Recovery) provision for doubtful accounts	(450)	470
Depreciation and amortization	5	132
Total operating expenses	1,177	5,191
Operating loss	(1,292)	(3,981)
Other income	93	201
Loss on disposal (including $2,745 of cumulative translation loss)	0	(1,859)
Loss before income taxes from discontinued operations	(1,199)	(5,639)
Provision for income taxes from discontinued operations	(307)	(665)
Net loss from discontinued operations	(1,506)	(6,304)
Depreciation and amortization	5	1,830
Loss on disposal of discontinued operations	0	1,859
Sale of used lease pool equipment	0	2,010
Sale of assets held for sale	6,198	1,506
Purchases of seismic equipment held for lease	0	(110)
Discontinued Operations, Held-for-sale [Member] \| Lease Pool Equipment [Member]
Gross profit from sale of lease pool equipment	$ 0	$ (1,326)

Note 4 - Liquidity (Details Textual) - USD ($)	12 Months Ended
Note 4 - Liquidity (Details Textual) - USD ($)	Jan. 31, 2022	Apr. 21, 2022
Lease Equipment, Available for Sale	$ 700,000
Preferred Stock, Shares Available for Issuance (in shares)	317,000
Common Stock, Shares Available for Issuance (in shares)	13,800,000
Working Capital (Deficit)	$ 18,500,000
Cash, Ending Balance	5,100,000
Unbilled Contracts Receivable	13,100,000
Proceeds from Issuance or Sale of Equity, Total	$ 5,200,000
Subsequent Event [Member]
Unbilled Contracts Receivable		$ 23,600,000
Subsequent Event [Member] \| Firm Orders [Member]
Unbilled Contracts Receivable		5,700,000
Subsequent Event [Member] \| RFQs [Member]
Unbilled Contracts Receivable		$ 4,800,000

Note 5 - Revenue From Contracts With Customers (Details Textual)	12 Months Ended
	Jan. 31, 2022
Minimum [Member]
Contract with Customers, Turn Over Period (Month)	3 months
Maximum [Member]
Contract with Customers, Turn Over Period (Month)	6 months

Note 5 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Total revenue from contracts with customers	$ 23,107	$ 21,215
UNITED STATES
Total revenue from contracts with customers	2,409	3,687
Europe, Russia and CIS [Member]
Total revenue from contracts with customers	8,821	8,512
Middle East and Africa [Member]
Total revenue from contracts with customers	35	1,226
Asia Pacific [Member]
Total revenue from contracts with customers	11,244	6,523
Canada and Latin America [Member]
Total revenue from contracts with customers	598	1,267
Transferred at Point in Time [Member]
Total revenue from contracts with customers	21,850	20,449
Transferred over Time [Member]
Total revenue from contracts with customers	1,257	766
Seamap [Member] \| Transferred at Point in Time [Member]
Total revenue from contracts with customers	16,422	16,304
Seamap [Member] \| Transferred over Time [Member]
Total revenue from contracts with customers	871	766
Klein [Member] \| Transferred at Point in Time [Member]
Total revenue from contracts with customers	5,428	$ 4,145
Klein [Member] \| Transferred over Time [Member]
Total revenue from contracts with customers	$ 386

Note 5 - Revenue From Contracts With Customers - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Unbilled revenue-current	$ 28	$ 85
Total unbilled revenue	28	85
Deferred revenue & customer deposits - current	2,569	691
Total deferred revenue & customer deposits	$ 2,569	$ 691

Note 6 - Supplemental Statements of Cash Flows Information - Supplemental Statements of Cash Flows Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Interest paid	$ 31	$ 40
Income taxes paid, net	$ 355	$ 336

Note 7 - Inventories - Inventories From Continuing Operations (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Raw materials	$ 8,511	$ 6,905
Finished goods	3,806	3,466
Work in progress	3,567	2,445
Cost of inventories	15,884	12,816
Less allowance for obsolescence	(1,878)	(1,363)
Net inventories	$ 14,006	$ 11,453

Note 8 - Accounts Receivables - Accounts Receivables From Continuing Operations (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Accounts receivable, current	$ 8,610	$ 5,695
Accounts receivable, noncurrent	650	0
Accounts receivable	9,260	5,695
Less allowance for doubtful accounts, current	(484)	(948)
Less allowance for doubtful accounts, noncurrent	0	0
Less allowance for doubtful accounts	(484)	(948)
Accounts receivable net of allowance for doubtful accounts, current	8,126	4,747
Accounts receivable net of allowance for doubtful accounts, noncurrent	650	0
Accounts receivable net of allowance for doubtful accounts	$ 8,776	$ 4,747

Note 9 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Cost of property and equipment	$ 18,795	$ 20,564
Less accumulated depreciation	(14,523)	(15,813)
Net book value of property and equipment	4,272	4,751
Furniture and Fixtures [Member]
Cost of property and equipment	9,865	9,750
Vehicles [Member]
Cost of property and equipment	495	491
Leasehold Improvements [Member]
Cost of property and equipment	3,880	5,969
Land and Building [Member]
Cost of property and equipment	$ 4,555	$ 4,354

Note 9 - Property and Equipment - Location of Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Net book value of property and equipment	$ 4,272	$ 4,751
UNITED STATES
Net book value of property and equipment	3,068	3,133
Europe [Member]
Net book value of property and equipment	46	87
SINGAPORE
Net book value of property and equipment	332	480
MALAYSIA
Net book value of property and equipment	$ 826	$ 1,051

Note 10 - Leases (Details Textual) - USD ($)	12 Months Ended
Note 10 - Leases (Details Textual) - USD ($)	Jan. 31, 2022	Jan. 31, 2021
Lease, Cost, Total	$ 1,200,000
Short-term Lease, Cost	$ 36,000	$ 20,000
Maximum [Member]
Lessor, Operating Lease, Term of Contract (Year)	1 year

Note 10 - Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Operating lease assets	$ 1,835	$ 1,471
Operating lease liabilities	1,835	1,471
Current liabilities	869	1,008
Non-current liabilities	966	463
Total Operating lease liabilities	$ 1,835	$ 1,471

Note 10 - Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Weighted average remaining lease term, Operating leases (Year)	1 year 9 months 25 days	1 year 1 month 2 days
Weighted average discount rate, Operating leases	13.00%	10.00%
Operating cash flows from operating leases	$ (1,196)	$ (1,157)
Right-of-use assets obtained in exchange for lease liabilities, Operating leases	$ 0	$ 0

Note 10 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
2022	$ 869	$ 1,007
2023	547	421
2021	285	110
2025	211	58
2026	188	24
Thereafter	204	0
Total payments under lease agreements	2,304	1,620
Less: imputed interest	(469)	(149)
Total lease liabilities	$ 1,835	$ 1,471

Note 11 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2020	Jan. 31, 2022	Jan. 31, 2021
Goodwill, Impairment Loss, Percentage Of Gross Carrying Amount			100.00%
Amortization of Intangible Assets, Total		$ 1,300	$ 1,800
Klein Associates Incorporation [Member]
Impairment of Intangible Assets (Excluding Goodwill), Total		$ 0	$ 0
Seamap [Member]
Goodwill, Impairment Loss	$ 2,500

Note 11 - Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Goodwill, gross carrying amount	$ 7,060	$ 7,060
Goodwill, impairment	(7,060)	(7,060)
Goodwill, net carrying amount	0	0
Amortizable intangible assets, gross carrying amount	18,819	18,253
Amortizable intangible assets, accumulated amortization	(12,041)	(10,743)
Intangible assets, net	6,018	6,750
Amortizable intangible assets, impairment	(760)	(760)
Proprietary Rights [Member]
Amortizable intangible assets, gross carrying amount	8,237	7,781
Amortizable intangible assets, accumulated amortization	(4,150)	(3,688)
Intangible assets, net	$ 4,087	4,093
Proprietary Rights [Member] \| Weighted Average [Member]
Weighted average life (Year)	6 years
Customer Relationships [Member]
Weighted average life (Year)	8 years
Amortizable intangible assets, gross carrying amount	$ 5,024	5,024
Amortizable intangible assets, accumulated amortization	(4,797)	(4,513)
Intangible assets, net	$ 227	511
Customer Relationships [Member] \| Weighted Average [Member]
Weighted average life (Year)	4 months 24 days
Patents [Member]
Amortizable intangible assets, gross carrying amount	$ 2,540	2,440
Amortizable intangible assets, accumulated amortization	(1,778)	(1,528)
Intangible assets, net	$ 762	912
Patents [Member] \| Weighted Average [Member]
Weighted average life (Year)	2 years 10 months 24 days
Trade Names [Member]
Amortizable intangible assets, gross carrying amount	$ 894	894
Amortizable intangible assets, accumulated amortization	(85)	(74)
Intangible assets, net	49	60
Amortizable intangible assets, impairment	$ (760)	(760)
Trade Names [Member] \| Weighted Average [Member]
Weighted average life (Year)	4 years 3 months 18 days
Developed Technology Rights [Member]
Amortizable intangible assets, gross carrying amount	$ 1,430	1,430
Amortizable intangible assets, accumulated amortization	(870)	(727)
Intangible assets, net	$ 560	703
Developed Technology Rights [Member] \| Weighted Average [Member]
Weighted average life (Year)	3 years 10 months 24 days
Other Intangible Assets [Member]
Amortizable intangible assets, gross carrying amount	$ 694	684
Amortizable intangible assets, accumulated amortization	(361)	(213)
Intangible assets, net	$ 333	$ 471
Other Intangible Assets [Member] \| Weighted Average [Member]
Weighted average life (Year)	2 years 3 months 18 days

Note 11 - Goodwill and Other Intangible Assets - Future Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
2023	$ 1,185
2024	1,050
2025	820
2026	726
2027	425
Thereafter	1,812
Total	$ 6,018	$ 6,750

Note 12 - Accrued Expenses and Other Current Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Contract settlement	$ 0	$ 968
Wages and benefits	556	577
Customer deposits	2,601	484
Accrued inventory	900	0
Accrued preferred stock dividend	947
Other	758	883
Accrued Expenses and Other Liabilities	$ 5,762	$ 2,912

Note 13 - Notes Payable (Details Textual) - USD ($)		1 Months Ended		12 Months Ended
Note 13 - Notes Payable (Details Textual) - USD ($)	May 05, 2020	Feb. 28, 2021	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Proceeds from Unsecured Notes Payable				$ 0	$ 1,607,000
Paycheck Protection Program CARES Act [Member]
Proceeds from Unsecured Notes Payable	$ 1,600,000
Debt Instrument, Decrease, Forgiveness		$ 850,000	$ 757,000
Notes Payable to Bank, Total				$ 0

Note 14 - Stockholders' Equity (Details Textual)	12 Months Ended
Note 14 - Stockholders' Equity (Details Textual)	Jan. 31, 2022 $ / shares shares	Jan. 31, 2021 shares	Aug. 03, 2020 shares	Aug. 02, 2020 shares
Preferred Stock, Shares Authorized (in shares)	2,000,000	2,000,000	2,000,000	1,000,000
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	1,683,000	1,038,000
Common Stock, Shares Authorized (in shares)	40,000,000	40,000,000	40,000,000	20,000,000
Common Stock, Shares, Issued, Total (in shares)	15,705,000	15,681,000
Treasury Stock, Shares, Ending Balance (in shares)	1,931,000	1,929,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	1,100	0
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation, Average Fair Value (in dollars per share) \| $ / shares	$ 1.25
Series A Preferred Stock [Member]
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	1,682,985	1,038,232
Preferred Stock, Dividend Rate, Percentage	9.00%
Preferred Stock, Liquidation Preference Per Share (in dollars per share) \| $ / shares	$ 25.00
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) \| $ / shares	2.25
Preferred Stock, Redemption Price Per Share (in dollars per share) \| $ / shares	$ 25.00
Preferred Stock Redemption Period (Day)	120 days
Preferred Stock, Voting Rights, Number of Quarterly Dividends Periods, Threshold	6
Minimum Period Of Time For Listing (Year)	180 years

Note 15 - Related Party Transaction (Details Textual) - USD ($)				1 Months Ended	12 Months Ended
	Nov. 12, 2021	Jan. 31, 2021	Dec. 18, 2019	Jan. 31, 2020	Jan. 31, 2022	Jan. 31, 2021	Sep. 30, 2020
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01			$ 0.01	$ 0.01
Proceeds from Issuance of Preferred Stock and Preference Stock					$ 14,676,000	$ 1,000,000
Proceeds from Issuance of Common Stock					$ 43,000	3,584,000
Payable To Beneficiary Of Estate Of Former CEO [Member]
Related Party Transaction, Rate		4.00%
Accounts Payable, Related Parties, Current		$ 968,000				$ 968,000
Underwriting Agreement [Member]
Proceeds from Issuance of Preferred Stock and Preference Stock	$ 9,500,000
Payments of Stock Issuance Costs	$ 576,000
Underwriting Agreement [Member] \| Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares)	432,000
Ladenburg Thalmann and Co. Inc. [Member] \| Second ATM Offering Program [Member] \| Common Stock [Member]
Equity Offering, Maximum Shares to be Issued (in shares)							5,000,000
Stock Issued During Period, Shares, New Issues (in shares)					18,415
Common Stock, Par or Stated Value Per Share (in dollars per share)							$ 0.01
Payments of Stock Issuance Costs					$ 1,000
Proceeds From Issuance Of Common Stock, Gross					44,000
Proceeds from Issuance of Common Stock					$ 43,000
Ladenburg Thalmann and Co. Inc. [Member] \| Series A Preferred Stock [Member] \| First ATM Offering Program [Member]
Equity Offering, Maximum Shares to be Issued (in shares)			500,000
Equity Offering, Distribution Compensation, Percentage of Gross Proceeds			2.00%
Stock Issued During Period, Shares, New Issues (in shares)				994,046
Equity Offering, Distribution Compensation, Percentage of Preferred Stock Issued				100.00%
Ladenburg Thalmann and Co. Inc. [Member] \| Series A Preferred Stock [Member] \| Second ATM Offering Program [Member]
Equity Offering, Maximum Shares to be Issued (in shares)							500,000
Stock Issued During Period, Shares, New Issues (in shares)					212,753
Proceeds from Issuance of Preferred Stock and Preference Stock					$ 5,300,000
Payments of Stock Issuance Costs					106,000
Proceeds From Issuance Of Preferred Stock And Preference Stock, Net					$ 5,200,000

Note 16 - Income Taxes (Details Textual) - USD ($)	Jan. 31, 2022	Jan. 31, 2021
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	$ 0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	833,000	$ 718,000
Deferred Tax Assets, Valuation Allowance, Total	23,650,000	20,156,000
Tax Credit Carryforward, Amount	165,000
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0

Note 16 - Income Taxes - Income Taxes Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Domestic	$ (11,618)	$ (8,851)
Foreign	(2,000)	(4,615)
Loss from continuing operations before income taxes	(13,618)	(13,466)
Domestic	27	22
Foreign	40	515
Current Income Tax Expense (Benefit), Total	67	537
Domestic	0	0
Foreign	(106)	(1)
Deferred Income Tax Expense (Benefit), Total	(106)	(1)
Income Tax Expense (Benefit), Total	$ (39)	$ 536

Note 16 - Income Taxes - Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Federal income tax at 21%	$ (2,860)	$ (2,828)
Changes in tax rates	0	(50)
Permanent differences	(144)	413
Foreign effective tax rate differential	(8)	66
Foreign withholding taxes, including penalties and interest	0	29
Valuation allowance on deferred tax assets	2,931	2,682
Excess tax deficiency for share-based payments under ASU 2016-09	13	66
Other	29	158
Income Tax Expense (Benefit), Total	$ (39)	$ 536

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Note 16 - Income Taxes - Deferred Taxes (Details) - USD ($)	Jan. 31, 2022	Jan. 31, 2021
Net operating losses	$ 20,282,000	$ 17,177,000
Tax credit carry forwards	165,000	139,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	833,000	718,000
Allowance for doubtful accounts	102,000	0
Inventory	835,000	565,000
Accruals not yet deductible for tax purposes	130,000	281,000
Fixed assets	289,000	232,000
Intangible assets	391,000	445,000
Other	623,000	599,000
Gross deferred tax assets	23,650,000	20,156,000
Valuation allowance	(23,650,000)	(20,156,000)
Deferred tax assets	0	0
Other	92,000	198,000
Deferred tax liabilities	(92,000)	(198,000)
Unrecognized tax benefits	0	0
Total deferred tax liabilities, net	$ (92,000)	$ (198,000)

Note 17 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Long-term Purchase Commitment, Amount	$ 1,600,000
Payment of Long-term Purchase Commitment	748,000	$ 337,000
Purchase Obligation, Total	$ 6,400,000

Note 18 - Stock Option Plans (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Payment Arrangement, Expense	$ 643,000	$ 708,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.04	$ 0.70
Excess Tax Benefit from Share-Based Compensation	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	868,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	(0)	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 700,000	$ 950,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares (in shares)	500,000
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 737,000
Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 7 months 6 days
Restricted Stock [Member]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 0

Note 18 - Stock Option Plans - Fair Value Assumptions (Details)	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Risk free interest rate	0.72%	0.34%
Risk free interest rate	0.72%	0.37%
Expected volatility	63.00%	53.00%
Expected volatility	63.00%	64.00%
Expected dividend yield	0.00%	0.00%
Minimum [Member]
Expected life (in years) (Year)	3 years 11 months 19 days	3 years 11 months 19 days
Maximum [Member]
Expected life (in years) (Year)	5 years 11 months 19 days	5 years 11 months 19 days

Note 18 - Stock Option Plans - Stock Option Activiy (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Outstanding, number of shares (in shares)	2,586
Outstanding, weighted average exercise price (in dollars per share)	$ 4.09
Outstanding, weighted average remaining contractual term (Year)	6 years 6 months 29 days	6 years 6 months 29 days
Outstanding, intrinsic value	$ 100	$ 222
Granted, number of shares (in shares)	875
Granted, weighted average exercise price (in dollars per share)	$ 1.97
Exercised, number of shares (in shares)	0	0
Exercised, weighted average exercise price (in dollars per share)	$ 0
Forfeited, number of shares (in shares)	(10)
Forfeited, weighted average exercise price (in dollars per share)	$ 3.79
Expired, number of shares (in shares)	(26)
Expired, weighted average exercise price (in dollars per share)	$ 6.28
Outstanding, number of shares (in shares)	3,425	2,586
Outstanding, weighted average exercise price (in dollars per share)	$ 3.53	$ 4.09
Exercisable, number of shares (in shares)	2,158
Exercisable, weighted average exercise price (in dollars per share)	$ 4.34
Exercisable, weighted average remaining contractual term (Year)	5 years 2 months 8 days
Exercisable, intrinsic value	$ 0
Vested and expected to vest, number of shares (in shares)	3,361
Vested and expected to vest, weighted average exercise price (in dollars per share)	$ 3.60
Vested and expected to vest, weighted average remaining contractual term (Year)	6 years 6 months 14 days
Vested and expected to vest, intrinsic value	$ 99

Note 18 - Stock Option Plans - Restricted Stock (Details) - Restricted Stock [Member] shares in Thousands	12 Months Ended
	Jan. 31, 2022 $ / shares shares
Unvested, shares (in shares) \| shares	40
Unvested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 2.94
Granted, shares (in shares) \| shares	0
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0
Vested, shares (in shares) \| shares	(18)
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 3.19
Canceled, shares (in shares) \| shares	0
Canceled, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0
Unvested, shares (in shares) \| shares	22
Unvested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 2.76

Note 19 - Segment Reporting (Details Textual)	12 Months Ended
Note 19 - Segment Reporting (Details Textual)	Jan. 31, 2022
Number of Operating Segments	1

Note 20 - Corporate Restructuring (Details Textual) - shares	Jan. 31, 2022	Jan. 31, 2021	Aug. 03, 2020	Aug. 02, 2020
Common Stock and Preferred Stock, Shares Authorized (in shares)			42,000,000	21,000,000
Common Stock, Shares Authorized (in shares)	40,000,000	40,000,000	40,000,000	20,000,000
Preferred Stock, Shares Authorized (in shares)	2,000,000	2,000,000	2,000,000	1,000,000

Note 21 - Concentrations (Details Textual) $ in Millions	12 Months Ended
Note 21 - Concentrations (Details Textual) $ in Millions	Jan. 31, 2022 USD ($)	Jan. 31, 2021
Deposits, Foreign, Total	$ 2.6
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Number of Major Customers	2	3
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Two Customers [Member]
Concentration Risk, Percentage	10.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Three Customers [Member]
Concentration Risk, Percentage		10.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Number of Major Customers	1	1
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Largest Customer [Member]
Concentration Risk, Percentage	23.00%	15.00%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Five Largest Customers [Member]
Number of Major Customers	5
Concentration Risk, Percentage	51.00%

Note 22 - Sales and Major Customers (Details Textual)	12 Months Ended
Note 22 - Sales and Major Customers (Details Textual)	Jan. 31, 2022	Jan. 31, 2021
Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Number of Major Customers	1	1

Note 22 - Sales and Major Customers - Summary of Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Total revenues	$ 23,107	$ 21,215
UK and Europe [Member]
Total revenues	8,174	8,005
CANADA
Total revenues	273	1,267
Latin America [Member]
Total revenues	325	0
Asia / South Pacific [Member]
Total revenues	11,244	6,523
Eurasia [Member]
Total revenues	647	507
Other Countries [Member]
Total revenues	35	1,226
Non-US [Member]
Total revenues	$ 20,698	$ 17,528

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
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+ Details

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($)
$ in Thousands

12 Months Ended

Jan. 31, 2022

Jan. 31, 2021

SEC Schedule, 12-09, Allowance, Credit Loss [Member]

Balance of the period

$ 1,776

$ 4,054

Charges to costs and expenses

(820)

1,129

Charges to other accounts

^[1]

(43)

Deductions describe

^[2]

(450)

(3,364)

Balance of the period

506

1,776

Allowance for Obsolete Equipment and Inventory [Member]

Balance of the period

1,660

1,404

Charges to costs and expenses

921

321

Charges to other accounts

^[1]

Deductions describe

^[3]

(163)

(66)

Balance of the period

$ 2,418

$ 1,660

[1]	Represents translation differences.
[2]	Represents recoveries and uncollectible accounts written off.
[3]	Represents sale or scrap of inventory and obsolete equipment.