MIND Technology (MIND) 10-Q11 Jun 242025 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Apr. 30, 2024	Jun. 10, 2024
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	Q1
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2024
Document Transition Report	false
Entity File Number	001-13490
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,405,779
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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Apr. 30, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 924,000	$ 5,289,000
Accounts receivable, net of allowance for credit losses of $332 at each of April 30, 2024 and January 31, 2024	9,412,000	6,566,000
Inventories, net	16,161,000	13,371,000
Prepaid expenses and other current assets	3,014,000	3,113,000
Total current assets	29,511,000	28,339,000
Property and equipment, net	791,000	818,000
Operating lease right-of-use assets	1,725,000	1,324,000
Intangible assets, net	2,714,000	2,888,000
Deferred tax asset	122,000	122,000
Total assets	34,863,000	33,491,000
Current liabilities:
Accounts payable	1,703,000	1,623,000
Deferred revenue	561,000	203,000
Accrued expenses and other current liabilities	5,303,000	5,586,000
Income taxes payable	1,928,000	2,114,000
Operating lease liabilities - current	728,000	751,000
Total current liabilities	10,223,000	10,277,000
Operating lease liabilities - non-current	997,000	573,000
Total liabilities	11,220,000	10,850,000
Stockholders’ equity:
Preferred stock, $1.00 par value; 2,000 shares authorized; 1,683 shares issued and outstanding at each of April 30, 2024 and January 31, 2024	37,779,000	37,779,000
Common stock, $0.01 par value; 40,000 shares authorized; 1,406 shares issued at April 30, 2024 and January 31, 2024	14,000	14,000
Additional paid-in capital	113,169,000	113,121,000
Accumulated deficit	(127,353,000)	(128,307,000)
Accumulated other comprehensive gain	34,000	34,000
Total stockholders’ equity	23,643,000	22,641,000
Total liabilities and stockholders’ equity	$ 34,863,000	$ 33,491,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - shares	Apr. 30, 2024	Sep. 28, 2023	Sep. 27, 2023
Preferred stock, shares outstanding (in shares)	1,683,000
Common stock, issued (in shares)		1,405,779	13,788,738

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Revenues:
Sales of marine technology products, revenues	$ 9,678,000	$ 10,597,000
Cost of sales:
Gross profit	4,218,000	4,536,000
Operating expenses:
Selling, general and administrative	2,759,000	3,306,000
Research and development	462,000	478,000
Depreciation and amortization	267,000	333,000
Total operating expenses	3,488,000	4,117,000
Operating income	730,000	419,000
Other income (expense):
Interest expense	0	(204,000)
Other, net	469,000	72,000
Total other income (expense)	469,000	(132,000)
Income from continuing operations before income taxes	1,199,000	287,000
Provision for income taxes	(245,000)	(411,000)
Net income (loss) from continuing operations	954,000	(124,000)
Loss from discontinued operations, net of income taxes	0	(116,000)
Net income (loss)	954,000	(240,000)
Preferred stock dividends - declared	0	0
Preferred stock dividends - undeclared	(947,000)	(947,000)
Net income (loss) attributable to common stockholders	$ 7,000	$ (1,187,000)
Net income (loss) per common share - Basic and Diluted
Continuing operations (in dollars per share)	$ 0	$ (0.76)
Discontinued operations (in dollars per share)	0	(0.08)
Net income (loss) (in dollars per share)	$ 0	$ (0.84)
Shares used in computing net income (loss) per common share:
Basic and diluted (in shares)	1,406	1,406
Marine Technology Products [Member]
Cost of sales:
Sales of marine technology products, costs	$ 5,460,000	$ 6,061,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Net income (loss)	$ 954	$ (240)
Comprehensive income (loss)	$ 954	$ (240)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 954	$ (240)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	267	481
Stock-based compensation	48	50
Provision for inventory obsolescence	23	0
Changes in:
Accounts receivable	(2,837)	(3,462)
Unbilled revenue	(10)	11
Inventories	(2,812)	979
Prepaid expenses and other current and long-term assets	100	1,308
Income taxes receivable and payable	(186)	206
Accounts payable, accrued expenses and other current liabilities	277	(2,788)
Deferred revenue and customer deposits	(120)	606
Net cash used in operating activities	(4,753)	(2,987)
Cash flows from investing activities:
Purchases of property and equipment	(66)	(57)
Sale of other equipment	457	138
Net cash provided by investing activities	391	81
Cash flows from financing activities:
Net proceeds from short-term loan	0	2,945
Net cash provided by financing activities	0	2,945
Effect of changes in foreign exchange rates on cash and cash equivalents	(3)	(2)
Net change in cash and cash equivalents	(4,365)	37
Cash and cash equivalents, beginning of period	5,289	778
Cash and cash equivalents, end of period	924	815
Supplemental cash flow information:
Interest paid	0	204
Income taxes paid	430	189
Other Machinery and Equipment [Member]
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gross profit from sale of equipment	$ (457)	$ (138)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common and Preferred [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Jan. 31, 2023	1,599	1,683
Balances at Jan. 31, 2023	$ 16	$ 37,779	$ 129,721	$ (16,863)	$ (127,635)	$ 34	$ 23,052
Net income (loss)	0	0	0	0	(240)	0	(240)
Stock-based compensation	$ 0	$ 0	50	0	0	0	50
Balances (in shares) at Apr. 30, 2023	1,599	1,683
Balances at Apr. 30, 2023	$ 16	$ 37,779	129,771	(16,863)	(127,875)	34	22,862
Balances (in shares) at Jan. 31, 2024	1,406	1,683
Balances at Jan. 31, 2024	$ 14	$ 37,779	113,121	0	(128,307)	34	22,641
Net income (loss)	0	0	0	0	954	0	954
Stock-based compensation	$ 0	$ 0	48	0	0	0	48
Balances (in shares) at Apr. 30, 2024	1,406	1,683
Balances at Apr. 30, 2024	$ 14	$ 37,779	$ 113,169	$ 0	$ (127,353)	$ 34	$ 23,643

Note 1 - Organization, Liquidit

Note 1 - Organization, Liquidity, and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2024
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization 1987. August 21, 2023, August 21, 2023, 2 Liquidity April 30, 2024, January 31, 2024. not Summary of Significant Accounting Policies 1 10 January 31, 2024. three April 30, 2024 no F- 9

Note 2 - Sale of Subsidiary

Note 2 - Sale of Subsidiary	3 Months Ended
Note 2 - Sale of Subsidiary	Apr. 30, 2024
Notes to Financial Statements
Sale of Subsidiaries and Subsequent Events [Text Block]	2. On August 21, 2023, On August 22, 2023, 10

Note 3 - Basis of Presentation

Note 3 - Basis of Presentation	3 Months Ended
Note 3 - Basis of Presentation	Apr. 30, 2024
Notes to Financial Statements
Basis of Accounting [Text Block]	3. The condensed consolidated balance sheet as of January 31, 2024 not 10 January 31, 2024 2024” April 30, 2024 three April 30, 2024 2023, three April 30, 2024 2023, three April 30, 2024 2023, not January 31, 2025 2025”

Note 4 - Discontinued Operation

Note 4 - Discontinued Operations	3 Months Ended
Note 4 - Discontinued Operations	Apr. 30, 2024
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	4. On August 21, 2023, three April 30, 2023. The results of operations from discontinued operations for the three April 30, 2023 For the Three Months Ended April 30, 2024 2023 Revenues: (in thousands) Revenue from discontinued operations $ — $ 1,989 Cost of sales: Cost of discontinued operations — 1,108 Operating expenses: Selling, general and administrative — 568 Research and development — 295 Depreciation and amortization — 148 Total operating expenses — 1,011 Operating loss — (130 ) Other income — 21 Loss before income taxes from discontinued operations — (109 ) Provision for income taxes from discontinued operations — (7 ) Net loss from discontinued operations — (116 ) The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below: For the Three Months Ended April 30, 2024 2023 (in thousands) Depreciation and amortization $ — $ 148

Note 5 - New Accounting Pronoun

Note 5 - New Accounting Pronouncements	3 Months Ended
Note 5 - New Accounting Pronouncements	Apr. 30, 2024
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	5. In November 2023, No. 2023 07, 280 2023 7" 2023 07 four February 1, 2024 February 1, 2025. In December 2023, 2023 09, 740 2023 09” 2023 09 February 1, 2025.

Note 6 - Revenue From Contracts

Note 6 - Revenue From Contracts With Customers	3 Months Ended
Note 6 - Revenue From Contracts With Customers	Apr. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	6. The following table presents revenue from contracts with customers disaggregated by timing of revenue recognition: Three Months Ended April 30, 2024 2023 Revenue recognized at a point in time: (in thousands) Total revenue recognized at a point in time $ 9,377 $ 10,512 Revenue recognized over time: Total revenue recognized over time 301 85 Total revenue from contracts with customers $ 9,678 $ 10,597 The revenue from products manufactured and sold by our Seamap business 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 business provides repair and maintenance services, or performs 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 embedded in Seamap products. The revenue from SMA is recognized over time, with the total value of the SMA recognized in equal monthly amounts over the life of the contract. The following table presents revenue from contracts with customers disaggregated by geography, based on the shipping location of our customers: Three Months Ended April 30, 2024 2023 (in thousands) United States $ 345 $ 392 Europe 2,785 6,500 Asia-Pacific 5,843 3,582 Other 705 123 Total revenue from contracts with customers $ 9,678 $ 10,597 As of April 30, 2024 January 31, 2024 April 30, 2024 January 31, 2024 Contract Assets: (in thousands) Unbilled revenue - current $ 16 $ 26 Total unbilled revenue $ 16 $ 26 Contract Liabilities: Deferred revenue & customer deposits - current $ 3,529 $ 3,649 Total deferred revenue & customer deposits $ 3,529 $ 3,649 Considering the products manufactured and sold by our Seamap business and the Company’s standard contract terms and conditions, we expect the Company's contract assets and liabilities to turn over, on average, within a period of three nine With respect to the disclosures above, sales and transaction-based taxes are excluded from revenue, and we do not one one

Note 7 - Balance Sheet

Note 7 - Balance Sheet	3 Months Ended
Note 7 - Balance Sheet	Apr. 30, 2024
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	7. April 30, 2024 January 31, 2024 (in thousands) Inventories: Raw materials $ 9,949 $ 8,730 Finished goods 2,657 2,463 Work in progress 5,089 3,709 Cost of inventories 17,695 14,902 Less allowance for obsolescence (1,534 ) (1,531 ) Total inventories, net $ 16,161 $ 13,371 April 30, 2024 January 31, 2024 (in thousands) Property and equipment: Furniture and fixtures $ 8,923 $ 8,868 Autos and trucks 286 287 Land and buildings 997 997 Cost of property and equipment 10,206 10,152 Accumulated depreciation and amortization (9,415 ) (9,334 ) Total property and equipment, net $ 791 $ 818 As of January 31, 2024 may not 2024. January 31, 2024 no April 30, 2024.

Note 8 - Leases

Note 8 - Leases	3 Months Ended
Note 8 - Leases	Apr. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Singapore, Malaysia, and the United Kingdom. Lease expense for the three April 30, 2024 three April 30, 2023 three April 30, 2024 three April 30, 2023 approximately$2,000. Supplemental balance sheet information related to leases as of April 30, 2024 January 31, 2024 Lease April 30, 2024 January 31, 2024 Assets (in thousands) Operating lease assets $ 1,725 $ 1,324 Liabilities Operating lease liabilities $ 1,725 $ 1,324 Classification of lease liabilities Current liabilities $ 728 $ 751 Non-current liabilities 997 573 Total Operating lease liabilities $ 1,725 $ 1,324 Lease-term and discount rate details as of April 30, 2024 January 31, 2024 Lease term and discount rate April 30, 2024 January 31, 2024 Weighted average remaining lease term (years) Operating leases 1.83 1.40 Weighted average discount rate: Operating leases 13 % 13 % The incremental borrowing rate was calculated using the Company's weighted average cost of capital. Supplemental cash flow information related to leases was as follows: For the Three Months Ended April 30, Lease 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating leases $ (207 ) $ (221 ) Changes in lease balances resulting from new and modified leases: Operating leases $ 612 $ 223 Maturities of lease liabilities at April 30, 2024 April 30, 2024 (in thousands) 2025 $ 705 2026 595 2027 487 2028 275 2029 35 Thereafter — Total payments under lease agreements $ 2,097 Less: imputed interest (372 ) Total lease liabilities $ 1,725

Note 9 - Intangible Assets

Note 9 - Intangible Assets	3 Months Ended
Note 9 - Intangible Assets	Apr. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	9. April 30, 2024 January 31, 2024 Weighted Average Life at Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying April 30, 2024 Amount Amortization Amount Amount Amortization Amount (in thousands) (in thousands) Proprietary rights 4.6 7,473 (5,168 ) 2,305 7,473 (5,053 ) 2,420 Customer relationships 0.1 4,884 (4,876 ) 8 4,884 (4,852 ) 32 Patents 1.2 2,540 (2,216 ) 324 2,540 (2,190 ) 350 Trade name 2.1 134 (111 ) 23 134 (108 ) 26 Other 0.2 416 (362 ) 54 426 (366 ) 60 Intangible assets $ 15,447 $ (12,733 ) $ 2,714 $ 15,457 $ (12,569 ) $ 2,888 On January 31, 2024 no not three April 30, 2024, no Aggregate amortization expense was $185,000 and $224,000 for the three April 30, 2024 2023 April 30, 2024 For fiscal years ending January 31, (in thousands) 2025 $ 442 2026 520 2027 381 2028 315 2029 213 Thereafter 843 Total $ 2,714

Note 10 - Notes Payable

Note 10 - Notes Payable	3 Months Ended
Note 10 - Notes Payable	Apr. 30, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	10. On February 2, 2023, three April 30, 2023. August 22, 2023, 2

Note 11 - Income Taxes

Note 11 - Income Taxes	3 Months Ended
Note 11 - Income Taxes	Apr. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. For the three April 30, 2024 three April 30, 2023, 21% not The Company files U.S. federal and state 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 Internal Revenue Service for fiscal years ended January 31, 2019 2024. may January 31, 2017 2024. January 31, 2017, 2024. January 31, 2018 2024. The Company has determined that the undistributed earnings of foreign subsidiaries are not April 30, 2024 not April 30, 2024 For the three April 30, 2024 2023 not

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	3 Months Ended
Note 12 - Earnings Per Share	Apr. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Net income per basic common share is computed using the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Net income per diluted common share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period using the treasury stock method. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect and from the assumed vesting of unvested shares of restricted stock. For the three April 30, 2024 April 30, 2023, no three April 30, 2024 April 30,2023, On October 12, 2023, one ten 14

Note 13 - Related Party Transac

Note 13 - Related Party Transaction	3 Months Ended
Note 13 - Related Party Transaction	Apr. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	13. Ladenburg Thalmann & Co. Inc. (“Ladenburg”) provided advisor and arrangement services for the Loan (See Note 10 no

Note 14 - Equity and Stock-base

Note 14 - Equity and Stock-based Compensation	3 Months Ended
Note 14 - Equity and Stock-based Compensation	Apr. 30, 2024
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	14. As of April 30, 2024 April 30, July 31, October 31, January 31, On September 28, 2023, one October 12, 2023, October 13, 2023. As a result of the Charter Amendment and Reverse Stock Split, every ten shares of issued and outstanding Common Stock were combined into one not one not Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three April 30, 2024 three April 30, 2023,

Note 15 - Segment Reporting

Note 15 - Segment Reporting	3 Months Ended
Note 15 - Segment Reporting	Apr. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. Prior to August 22, 2023, two August 21, 2023, 2 April 30, 2024, sole

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Apr. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. Other Information Not
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 4 - Discontinued Operati_2

Note 4 - Discontinued Operations (Tables)	3 Months Ended
Note 4 - Discontinued Operations (Tables)	Apr. 30, 2024
Klein [Member]
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	For the Three Months Ended April 30, 2024 2023 Revenues: (in thousands) Revenue from discontinued operations $ — $ 1,989 Cost of sales: Cost of discontinued operations — 1,108 Operating expenses: Selling, general and administrative — 568 Research and development — 295 Depreciation and amortization — 148 Total operating expenses — 1,011 Operating loss — (130 ) Other income — 21 Loss before income taxes from discontinued operations — (109 ) Provision for income taxes from discontinued operations — (7 ) Net loss from discontinued operations — (116 ) For the Three Months Ended April 30, 2024 2023 (in thousands) Depreciation and amortization $ — $ 148

Note 6 - Revenue From Contrac_2

Note 6 - Revenue From Contracts With Customers (Tables)	3 Months Ended
Note 6 - Revenue From Contracts With Customers (Tables)	Apr. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended April 30, 2024 2023 Revenue recognized at a point in time: (in thousands) Total revenue recognized at a point in time $ 9,377 $ 10,512 Revenue recognized over time: Total revenue recognized over time 301 85 Total revenue from contracts with customers $ 9,678 $ 10,597 Three Months Ended April 30, 2024 2023 (in thousands) United States $ 345 $ 392 Europe 2,785 6,500 Asia-Pacific 5,843 3,582 Other 705 123 Total revenue from contracts with customers $ 9,678 $ 10,597
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	April 30, 2024 January 31, 2024 Contract Assets: (in thousands) Unbilled revenue - current $ 16 $ 26 Total unbilled revenue $ 16 $ 26 Contract Liabilities: Deferred revenue & customer deposits - current $ 3,529 $ 3,649 Total deferred revenue & customer deposits $ 3,529 $ 3,649

Note 7 - Balance Sheet (Tables)

Note 7 - Balance Sheet (Tables)	3 Months Ended
Note 7 - Balance Sheet (Tables)	Apr. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	April 30, 2024 January 31, 2024 (in thousands) Inventories: Raw materials $ 9,949 $ 8,730 Finished goods 2,657 2,463 Work in progress 5,089 3,709 Cost of inventories 17,695 14,902 Less allowance for obsolescence (1,534 ) (1,531 ) Total inventories, net $ 16,161 $ 13,371
Property, Plant and Equipment [Table Text Block]	April 30, 2024 January 31, 2024 (in thousands) Property and equipment: Furniture and fixtures $ 8,923 $ 8,868 Autos and trucks 286 287 Land and buildings 997 997 Cost of property and equipment 10,206 10,152 Accumulated depreciation and amortization (9,415 ) (9,334 ) Total property and equipment, net $ 791 $ 818

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	3 Months Ended
Note 8 - Leases (Tables)	Apr. 30, 2024
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Lease April 30, 2024 January 31, 2024 Assets (in thousands) Operating lease assets $ 1,725 $ 1,324 Liabilities Operating lease liabilities $ 1,725 $ 1,324 Classification of lease liabilities Current liabilities $ 728 $ 751 Non-current liabilities 997 573 Total Operating lease liabilities $ 1,725 $ 1,324
Lease, Cost [Table Text Block]	Lease term and discount rate April 30, 2024 January 31, 2024 Weighted average remaining lease term (years) Operating leases 1.83 1.40 Weighted average discount rate: Operating leases 13 % 13 % For the Three Months Ended April 30, Lease 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating leases $ (207 ) $ (221 ) Changes in lease balances resulting from new and modified leases: Operating leases $ 612 $ 223
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	April 30, 2024 (in thousands) 2025 $ 705 2026 595 2027 487 2028 275 2029 35 Thereafter — Total payments under lease agreements $ 2,097 Less: imputed interest (372 ) Total lease liabilities $ 1,725

Note 9 - Intangible Assets (Tab

Note 9 - Intangible Assets (Tables)	3 Months Ended
Note 9 - Intangible Assets (Tables)	Apr. 30, 2024
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	April 30, 2024 January 31, 2024 Weighted Average Life at Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying April 30, 2024 Amount Amortization Amount Amount Amortization Amount (in thousands) (in thousands) Proprietary rights 4.6 7,473 (5,168 ) 2,305 7,473 (5,053 ) 2,420 Customer relationships 0.1 4,884 (4,876 ) 8 4,884 (4,852 ) 32 Patents 1.2 2,540 (2,216 ) 324 2,540 (2,190 ) 350 Trade name 2.1 134 (111 ) 23 134 (108 ) 26 Other 0.2 416 (362 ) 54 426 (366 ) 60 Intangible assets $ 15,447 $ (12,733 ) $ 2,714 $ 15,457 $ (12,569 ) $ 2,888
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	For fiscal years ending January 31, (in thousands) 2025 $ 442 2026 520 2027 381 2028 315 2029 213 Thereafter 843 Total $ 2,714

Note 1 - Organization, Liquid_2

Note 1 - Organization, Liquidity, and Summary of Significant Accounting Policies (Details Textual) - USD ($)	Apr. 30, 2024	Jan. 31, 2024
Working Capital (Deficit)	$ 19,300,000	$ 18,100,000
Cash and Cash Equivalents, at Carrying Value	$ 924,000	$ 5,289,000

Note 2 - Sale of Subsidiary (De

Note 2 - Sale of Subsidiary (Details Textual) - Klein Marine Services, Inc. [Member] $ in Millions	Aug. 21, 2023 USD ($)
Disposal Group, Including Discontinued Operation, Consideration	$ 11.5
Gain (Loss) on Disposition of Business	$ 2.3

Note 4 - Discontinued Operati_3

Note 4 - Discontinued Operations - Held for Sale and Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Net loss from discontinued operations	$ 0	$ (116)
Discontinued Operations, Disposed of by Sale [Member]
Revenue from discontinued operations	0	1,989
Cost of discontinued operations	0	1,108
Selling, general and administrative	0	568
Research and development	0	295
Depreciation and amortization	0	148
Total operating expenses	0	1,011
Operating loss	0	(130)
Other income	0	21
Loss before income taxes from discontinued operations	0	(109)
Provision for income taxes from discontinued operations	0	(7)
Net loss from discontinued operations	0	(116)
Depreciation and amortization	$ 0	$ 148

Note 6 - Revenue From Contrac_3

Note 6 - Revenue From Contracts With Customers (Details Textual)	3 Months Ended
	Apr. 30, 2024
Minimum [Member]
Contract with Customers, Turn Over Period (Month)	3 months
Maximum [Member]
Contract with Customers, Turn Over Period (Month)	9 months

Note 6 - Revenue From Contrac_4

Note 6 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Total revenue from contracts with customers	$ 9,678	$ 10,597
Transferred at Point in Time [Member]
Total revenue from contracts with customers	9,377	10,512
Transferred over Time [Member]
Total revenue from contracts with customers	301	85
UNITED STATES
Total revenue from contracts with customers	345	392
Europe [Member]
Total revenue from contracts with customers	2,785	6,500
Asia Pacific [Member]
Total revenue from contracts with customers	5,843	3,582
Other Countries [Member]
Total revenue from contracts with customers	$ 705	$ 123

Note 6 - Revenue From Contrac_5

Note 6 - Revenue From Contracts With Customers - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Unbilled revenue - current	$ 16	$ 26
Total unbilled revenue	16	26
Deferred revenue & customer deposits - current	3,529	3,649
Total deferred revenue & customer deposits	$ 3,529	$ 3,649

Note 7 - Balance Sheet (Details

Note 7 - Balance Sheet (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Jan. 31, 2024	Jan. 31, 2024
Impairment, Long-Lived Asset, Held-for-Use	$ 0	$ 0

Note 7 - Balance Sheet - Schedu

Note 7 - Balance Sheet - Schedule of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Raw materials	$ 9,949	$ 8,730
Finished goods	2,657	2,463
Work in progress	5,089	3,709
Cost of inventories	17,695	14,902
Less allowance for obsolescence	(1,534)	(1,531)
Total inventories, net	$ 16,161	$ 13,371

Note 7 - Balance Sheet - Sche_2

Note 7 - Balance Sheet - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Property and equipment, gross	$ 10,206	$ 10,152
Accumulated depreciation and amortization	(9,415)	(9,334)
Total property and equipment, net	791	818
Furniture and Fixtures [Member]
Property and equipment, gross	8,923	8,868
Vehicles [Member]
Property and equipment, gross	286	287
Land and Building [Member]
Property and equipment, gross	$ 997	$ 997

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) - USD ($)	3 Months Ended
Note 8 - Leases (Details Textual) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Lease, Cost	$ 207,000	$ 221,000
Short-Term Lease, Cost	$ 1,000	$ 2,000

Note 8 - Leases - Supplemental

Note 8 - Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Operating lease assets	$ 1,725	$ 1,324
Operating lease liabilities	1,725	1,324
Current liabilities	728	751
Non-current liabilities	997	573
Total Operating lease liabilities	$ 1,725	$ 1,324

Note 8 - Leases - Supplementa_2

Note 8 - Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Weighted average remaining lease term, Operating leases (Year)	1 year 9 months 29 days		1 year 4 months 24 days
Weighted average discount rate, Operating leases	13%		13%
Operating cash flows from operating leases	$ (207)	$ (221)
Right-of-use assets obtained in exchange for lease liabilities, Operating leases	$ 612	$ 223

Note 8 - Leases - Maturities of

Note 8 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
2025	$ 705
2026	595
2027	487
2028	275
2029	35
Thereafter	0
Total payments under lease agreements	2,097
Less: imputed interest	(372)
Total lease liabilities	$ 1,725	$ 1,324

Note 9 - Intangible Assets (Det

Note 9 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
Note 9 - Intangible Assets (Details Textual) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Amortization of Intangible Assets	$ 185,000	$ 224,000

Note 9 - Intangible Assets - Sc

Note 9 - Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Amortizable intangible assets, gross carrying amount	$ 15,447	$ 15,457
Amortizable intangible assets, accumulated amortization	(12,733)	(12,569)
Intangible assets, net	2,714	2,888
Proprietary Rights [Member]
Amortizable intangible assets, gross carrying amount	7,473	7,473
Amortizable intangible assets, accumulated amortization	(5,168)	(5,053)
Intangible assets, net	$ 2,305	2,420
Proprietary Rights [Member] \| Weighted Average [Member]
Weighted average life (Year)	4 years 7 months 6 days
Customer Relationships [Member]
Amortizable intangible assets, gross carrying amount	$ 4,884	4,884
Amortizable intangible assets, accumulated amortization	(4,876)	(4,852)
Intangible assets, net	$ 8	32
Customer Relationships [Member] \| Weighted Average [Member]
Weighted average life (Year)	1 month 6 days
Patents [Member]
Amortizable intangible assets, gross carrying amount	$ 2,540	2,540
Amortizable intangible assets, accumulated amortization	(2,216)	(2,190)
Intangible assets, net	$ 324	350
Patents [Member] \| Weighted Average [Member]
Weighted average life (Year)	1 year 2 months 12 days
Trade Names [Member]
Amortizable intangible assets, gross carrying amount	$ 134	134
Amortizable intangible assets, accumulated amortization	(111)	(108)
Intangible assets, net	$ 23	26
Trade Names [Member] \| Weighted Average [Member]
Weighted average life (Year)	2 years 1 month 6 days
Other Intangible Assets [Member]
Amortizable intangible assets, gross carrying amount	$ 416	426
Amortizable intangible assets, accumulated amortization	(362)	(366)
Intangible assets, net	$ 54	$ 60
Other Intangible Assets [Member] \| Weighted Average [Member]
Weighted average life (Year)	2 months 12 days

Note 9 - Intangible Assets - Fu

Note 9 - Intangible Assets - Future Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Total	$ 2,714	$ 2,888
Intangibles Excluding Technology Development Projects Not Yet Completed [Member]
2025	442
2026	520
2027	381
2028	315
2029	213
Thereafter	843
Total	$ 2,714

Note 10 - Notes Payable (Detail

Note 10 - Notes Payable (Details Textual) - The Loan [Member] - USD ($)		3 Months Ended
	Feb. 02, 2023	Apr. 30, 2023
Proceeds from Notes Payable	$ 3,750,000
Amortization of Debt Issuance Costs	814,000
Loan Processing Fee	254,000
Prepaid Interest	$ 484,000
Interest Expense, Debt		$ 204,000

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
Note 11 - Income Taxes (Details Textual) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Income Tax Expense (Benefit)	$ 245,000	$ 411,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	1,199,000	287,000
Deferred Tax Liabilities, Undistributed Foreign Earnings	0
Unrecognized Tax Benefits	$ 0	$ 0

Note 12 - Earnings Per Share (D

Note 12 - Earnings Per Share (Details Textual) shares in Thousands			3 Months Ended		15 Months Ended
	Oct. 12, 2023	Sep. 28, 2023	Apr. 30, 2024 shares	Apr. 30, 2023 shares	Apr. 30, 2024 shares
Weighted Average Number of Shares Outstanding, Basic (in shares)			1,406	1,406	1,400
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10	10

Note 13 - Related Party Trans_2

Note 13 - Related Party Transaction (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2023	Feb. 02, 2023
Ladenburg Thalmann and Co. Inc. [Member] \| Advisory Services Related to Sale of Klein [Member]
Related Party Transaction, Amounts of Transaction	$ 405,000
The Loan [Member]
Debt Instrument, Fee Amount		$ 75,000

Note 14 - Equity and Stock-ba_2

Note 14 - Equity and Stock-based Compensation (Details Textual)			3 Months Ended
	Oct. 12, 2023	Sep. 28, 2023 shares	Apr. 30, 2024 USD ($) $ / shares shares	Apr. 30, 2023 USD ($)	Sep. 27, 2023 shares
Preferred Stock, Shares Outstanding, Ending Balance (in shares) \| shares			1,683,000
Preferred Stock, Liquidation Preference, Value \| $			$ 48,700,000
Preferred Stock, Amount of Preferred Dividends in Arrears \| $			$ 6,600,000
Preferred Stock, Liquidation Preference Per Share (in dollars per share) \| $ / shares			$ 25
Common Stock, Shares, Issued (in shares) \| shares		1,405,779			13,788,738
Share-Based Payment Arrangement, Expense \| $			$ 48,000	$ 50,000
Common Stock, Shares, Outstanding (in shares) \| shares		1,405,779			13,788,738
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10	10
Preferred Stock [Member] \| Quarterly Dividends [Member]
Dividends Payable, Amount Per Share (in dollars per share) \| $ / shares			$ 0.5625

Note 15 - Segment Reporting (De

Note 15 - Segment Reporting (Details Textual)		3 Months Ended
Note 15 - Segment Reporting (Details Textual)	Aug. 21, 2023	Apr. 30, 2024
Number of Operating Segments	2
Seamap Marine Products [Member]
Number of Operating Segments		1