Annual report pursuant to Section 13 and 15(d)

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information
12 Months Ended
Jan. 31, 2023
Disclosure Text Block [Abstract]  
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information

Accrued Expenses

Accrued expenses consisted of the following:



January 31,



January 31,









Accrued expenses









Taxes payable on behalf of employees related to vested RSUs









Unvouched payables


















The balance in accrued expenses as of January 31, 2023 is primarily comprised of the cash proceeds from the sale of shares on behalf of the holders of vested RSUs to cover the associated tax withholding liability under the sell-to-cover method.

The balance in accrued expenses at January 31, 2022 includes $1,129 in cash received from a customer in January 2022, which was due to be remitted to a third party as a part of a factoring arrangement. This payment was due from the customer directly to the third party, and was remitted to the third party during the first quarter of fiscal year 2023. The balance also includes $722 in sales tax payable, primarily consisting of an accrual for remaining obligations combined with potential interest and penalties related to the results of a sales tax nexus review. The

Company resolved these liabilities with the respective state jurisdictions during the fiscal year ended January 31, 2023.

Prepaid Expenses

The prepaid expenses balances as of January 31, 2023 and 2022 include $909 and $1,803, respectively, related to directors and officers insurance purchased by the Company in August 2021.

Deferred Payroll Taxes

In fiscal year 2021, Legacy IronNet elected to defer the Company's portion of payroll taxes, as permitted under the CARES Act. 50% of the deferred payroll tax was paid in December 2021, with the remaining 50% paid in December 2022. As of January 31, 2022, the balance was $689 and is included in other current liabilities on the consolidated balance sheet.