Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
12 Months Ended
Jan. 31, 2023
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet

 

 

Balance Sheet Location

 

January 31, 2023

 

Assets

 

 

 

 

 

Operating

 

Deposits and other assets

 

$

1,885

 

Financing

 

Property and equipment, net

 

 

205

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current

 

 

 

 

 

Operating

 

Other current liabilities

 

$

607

 

Financing

 

Other current liabilities

 

 

130

 

Non-current

 

 

 

 

 

Operating

 

Other long-term liabilities

 

 

2,047

 

Financing

 

Other long-term liabilities

 

 

81

 

Schedule of Total Lease Costs

Total lease costs for the fiscal year ended January 31, 2023 were:

 

 

 

 

Fiscal Year Ended

 

 

 

 

January 31, 2023

 

Operating lease cost

 

 

$

1,005

 

Short-term lease cost

 

 

 

2,147

 

Variable lease cost

 

 

 

36

 

Finance lease cost:

 

 

 

 

Amortization of right-of-use assets

 

 

 

92

 

Interest on lease liabilities

 

 

 

7

 

Total finance lease cost

 

 

$

99

 

Schedule of Lease Payments

The following table summarizes future scheduled lease payments as of January 31, 2023:

Fiscal year ending January 31,

 

 

Operating Leases

 

 

 

Finance Leases

 

2024

 

 

$

755

 

 

 

$

144

 

2025

 

 

 

775

 

 

 

 

48

 

2026

 

 

 

797

 

 

 

 

45

 

2027

 

 

 

658

 

 

 

 

-

 

2028

 

 

 

-

 

 

 

 

-

 

Total

 

 

 

2,985

 

 

 

 

237

 

Less: Imputed Interest

 

 

 

331

 

 

 

 

26

 

Present value of net lease payments

 

 

$

2,654

 

 

 

$

211

 

 

 

 

 

 

 

 

 

 

Lease liability, current portion

 

 

$

607

 

 

 

$

130

 

Lease liability, net of current portion

 

 

 

2,047

 

 

 

 

81

 

Total lease liability

 

 

$

2,654

 

 

 

$

211

 

Schedule of Supplemental Information Related to Operating And Finance Leases

Supplemental information related to operating and finance leases are as follows:

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

 

$

1,178

 

Operating cash flows from finance leases

 

 

 

4

 

Financing cash flows from finance leases

 

 

 

98

 

 

 

 

$

1,280

 

Weighted average remaining lease term (in years)

 

 

 

 

Operating leases

 

 

 

3.83

 

Finance leases

 

 

 

2.09

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

 

6.36

%

Finance leases

 

 

 

10.10

%

Schedule of Future Minimum Obligations Under Noncancelable Operating Leases

The minimum aggregate future obligations under noncancelable operating leases as of January 31, 2022 were as follows:

 

Fiscal Year ending January 31,

 

 

 

 

2023

 

 

$

1,025

 

2024

 

 

 

755

 

2025

 

 

 

775

 

2026

 

 

 

797

 

2027

 

 

 

658

 

Total

 

 

$

4,010

 

As the Company did not hold finance leases as of January 31, 2022, there were no future minimum lease payments under finance leases at that time.