Quarterly report pursuant to Section 13 or 15(d)

Operating leases (Tables)

v3.19.1
Operating leases (Tables)
3 Months Ended
Apr. 30, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense for the three months ended April 30, 2019 are as follows:

 

 

 

Three Months

Ended

April 30, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease cost

 

$

206

 

Short term lease cost

 

 

11

 

Total lease cost

 

$

217

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases was as follows:

 

 

 

Three Months

Ended

April 30, 2019

 

 

 

(Amounts in

thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

206

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

Operating leases

 

$

348

 

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to the Company's operating leases was as follows:

 

 

 

April 30, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease right-of-use assets

 

$

1,964

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

709

 

Operating lease liabilities, long term

 

 

1,255

 

Total operating lease liabilities

 

$

1,964

 

 

 

 

 

 

Weighted average remaining lease term

 

3.2 years

 

Weighted average incremental borrowing rate

 

 

7.0

%

Schedule of Future Minimum Lease Payments for Operating Leases Future minimum lease payments for operating leases, with initial or remaining terms in excess of one year at April 30, 2019, are as follows:

 

 

 

Operating

Leases

 

For the fiscal years ended January 31,

 

(Amounts in

thousands)

 

2020

 

$

616

 

2021

 

 

678

 

2022

 

 

650

 

2023

 

 

224

 

2024

 

 

26

 

Thereafter

 

 

 

Total lease payments

 

 

2,194

 

Less interest

 

 

(230

)

Total operating lease liabilities

 

$

1,964