Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
Apr. 30, 2018 |
Apr. 30, 2017 |
| Revenues: |
|
|
| Sale of marine technology products |
$ 3,566
|
$ 6,888
|
| Equipment leasing |
2,697
|
2,717
|
| Sale of lease pool equipment |
1,350
|
8,828
|
| Total revenues |
7,613
|
18,433
|
| Cost of sales: |
|
|
| Sale of marine technology products |
2,086
|
3,975
|
| Equipment leasing (including lease pool depreciation of $2,654, and $4,181 at April 30, 2018, and April 30, 2017 respectively) |
3,582
|
5,125
|
| Lease pool equipment sales |
700
|
6,139
|
| Total cost of sales |
6,368
|
15,239
|
| Gross profit |
1,245
|
3,194
|
| Operating expenses: |
|
|
| Selling, general and administrative |
5,630
|
4,804
|
| Research and development |
370
|
98
|
| Provision for doubtful accounts |
200
|
0
|
| Depreciation and amortization |
617
|
581
|
| Total operating expenses |
6,817
|
5,483
|
| Operating loss |
(5,572)
|
(2,289)
|
| Other income (expense): |
|
|
| Interest, net |
18
|
(46)
|
| Other, net |
86
|
(101)
|
| Total other income (expense) |
104
|
(147)
|
| Loss before income taxes |
(5,468)
|
(2,436)
|
| Provision for income taxes |
(437)
|
(229)
|
| Net loss |
(5,905)
|
(2,665)
|
| Preferred stock dividends |
(385)
|
(194)
|
| Net loss available to common shareholders |
$ (6,290)
|
$ (2,859)
|
| Net loss per common share: |
|
|
| Basic (in dollars per share) |
$ (0.52)
|
$ (0.24)
|
| Diluted (in dollars per share) |
$ (0.52)
|
$ (0.24)
|
| Shares used in computing net loss per common share: |
|
|
| Basic (in shares) |
12,087
|
12,078
|
| Diluted (in shares) |
12,087
|
12,078
|