Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Jan. 31, 2020 |
Jan. 31, 2019 |
| Operating activities |
|
|
| Net income/(loss) |
$ 3,576
|
$ (550)
|
| Adjustments to reconcile net income/(loss) to net cash flows provided by operating activities |
|
|
| Depreciation and amortization |
4,437
|
4,575
|
| Deferred tax (benefit)/expense |
(211)
|
211
|
| Stock-based compensation expense |
1,011
|
1,165
|
| Provision on uncollectible accounts |
101
|
71
|
| Loss on disposal of fixed assets |
318
|
46
|
| Changes in operating assets and liabilities |
|
|
| Accounts payable |
(2,609)
|
(3,576)
|
| Accrued compensation and payroll taxes |
(576)
|
1,226
|
| Inventories |
(2,225)
|
4,360
|
| Customers' deposits |
(1,507)
|
(1,517)
|
| Income taxes receivable and payable |
(668)
|
35
|
| Prepaid expenses and other current assets |
1,749
|
(700)
|
| Accounts receivable |
1,749
|
(354)
|
| Costs and estimated earnings in excess of billings on uncompleted contracts |
(910)
|
(547)
|
| Other assets and liabilities |
(143)
|
529
|
| Net cash provided by operating activities |
4,090
|
4,978
|
| Investing activities |
|
|
| Capital expenditures |
(1,902)
|
(1,361)
|
| Net cash used in investing activities |
(1,902)
|
(1,361)
|
| Financing activities |
|
|
| Proceeds from revolving lines |
73,225
|
64,736
|
| Payments of debt on revolving lines |
(72,973)
|
(62,759)
|
| Debt issuance costs |
|
(946)
|
| Payments of other debt |
(358)
|
(350)
|
| Increase (decrease) in drafts payable |
(129)
|
192
|
| Payments on finance lease obligations |
(287)
|
(250)
|
| Stock options exercised and taxes paid related to restricted shares vested |
221
|
511
|
| Net cash (used in)/provided by financing activities |
(301)
|
1,134
|
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
34
|
(335)
|
| Net increase in cash, cash equivalents and restricted cash |
1,921
|
4,416
|
| Cash, cash equivalents and restricted cash - beginning of period |
12,737
|
8,321
|
| Cash, cash equivalents and restricted cash - end of period |
14,658
|
12,737
|
| Supplemental cash flow information |
|
|
| Interest paid |
902
|
1,298
|
| Income taxes paid |
2,107
|
1,731
|
| Fixed assets acquired under finance leases - non-cash |
$ 848
|
|