SeaChange International, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheet Detail

Consolidated Balance Sheet Detail

12 Months Ended

Jan. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

5.	Consolidated Balance Sheet Detail

Property, Plant and Equipment, Net

Property, plant and equipment, net consists of the following:

	As of
	January 31, 2021			January 31, 2020
	(Amounts in thousands)
Computer equipment, software and demonstration equipment	$	9,765		$	9,695
Service and spare components		—			1,158
Office furniture and equipment		306			170
Leasehold improvements		238			154
		10,309			11,177
Less: Accumulated depreciation and amortization		(9,704	)		(10,623	)
Total property and equipment, net	$	605		$	554

As a result of the sale of our Acton, MA headquarters in the fourth quarter of fiscal year ended January 31, 2020 for $0.5 million, net of disposal costs, we recorded a one-time $5.4 million loss on the sale of fixed assets reported in the consolidated statement of operations and comprehensive loss.

Depreciation expense of property and equipment was $0.3 million and $0.9 million for the years ended January 31, 2021 and 2020, respectively.

Accrued Expenses

Accrued expenses consist of the following:

	As of
	January 31, 2021		January 31, 2020
	(Amounts in thousands)
Accrued employee compensation and benefits	$	742	$	3,236
Accrued professional fees		575		928
Sales tax and VAT payable		271		317
Accrued restructuring		—		744
Current obligation - right of use operating leases		1,387		722
Accrued third party hardware costs		—		1,169
Accrued other		1,302		870
Total accrued expenses	$	4,277	$	7,986