Quarterly report pursuant to Section 13 or 15(d)

Operating leases (Tables)

v3.19.2
Operating leases (Tables)
6 Months Ended
Jul. 31, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense for the three and six months ended July 31, 2019 are as follows:

 

 

 

Three Months Ended

July 31, 2019

 

 

Six Months Ended July 31, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease cost

 

$

206

 

 

$

412

 

Short term lease cost

 

 

3

 

 

14

 

Total lease cost

 

$

209

 

 

$

426

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

 

 

Six Months Ended

July 31, 2019

 

 

 

(Amounts in

thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

406

 

 

 

 

 

 

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:

 

 

 

July 31, 2019

 

 

 

(Amounts in

thousands)

 

Operating lease right-of-use assets

 

$

1,745

 

 

 

 

 

 

Current portion, operating lease liabilities

 

 

667

 

Operating lease liabilities, long term

 

 

1,222

 

Total operating lease liabilities

 

$

1,889

 

 

 

 

 

 

Weighted average remaining lease term

 

2.8 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 July 31, 2019, are as follows:

 

 

 

Payments for Operating Leases

 

For the fiscal years ended January 31,

 

(Amounts in

thousands)

 

2020

 

$

392

 

2021

 

 

688

 

2022

 

 

660

 

2023

 

 

249

 

2024

 

 

19

 

Thereafter

 

 

 

Total lease payments

 

 

2,008

 

Less interest

 

 

119

 

Total operating lease liabilities

 

$

1,889