Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

v3.21.1
Operating Leases (Tables)
 12 Months Ended
Jan. 31, 2021
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense for the fiscal year ended January 31, 2021 are as follows:

 

 

 

For the Fiscal Years Ended January 31,

 

 

 

2021

 

 

2020

 

 

 

(Amounts in thousands)

 

Operating lease cost

 

$

1,351

 

 

$

906

 

Short term lease cost, net

 

 

34

 

 

 

27

 

Total lease cost

 

$

1,385

 

 

$

933

 

 
Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

 

 

For the Fiscal Years Ended January 31,

 

 

 

2021

 

 

2020

 

 

 

(Amounts in thousands)

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,072

 

 

$

906

 

 
Schedule of Supplemental Balance Sheet Information Related to Operating Leases

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

 

 

 

As of January 31, 2021

 

 

As of January 31, 2020

 

 

 

(Amounts in thousands)

 

 

 

 

 

Operating lease right-of-use assets

 

$

4,968

 

 

$

4,860

 

 

 

 

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

1,387

 

 

 

722

 

Operating lease liabilities, long term

 

 

4,070

 

 

 

4,348

 

Total operating lease liabilities

 

$

5,457

 

 

$

5,070

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

4.0

 

 

 

5.0

 

Weighted average incremental borrowing rate

 

 

5.0

%

 

 

5.0

%
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 January 31, 2021 are as follows:

 

 

 

Payments for

Operating Leases

 

For the Fiscal Years Ended January 31,

 

(Amounts in thousands)

 

2022

 

$

1,320

 

2023

 

 

1,466

 

2024

 

 

1,507

 

2025

 

 

1,550

 

2026

 

 

59

 

Total lease payments

 

 

5,902

 

Less interest

 

 

445

 

Total operating lease liabilities

 

$

5,457