Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
3 Months Ended
Apr. 30, 2022
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances With Condensed Consolidated Balance Sheet

The lease balances are located in the following positions on the condensed consolidated balance sheet:

 

 

 

Balance Sheet Location

 

April 30, 2022

 

Assets

 

 

 

 

 

Operating

 

Deposits and other assets

 

$

2,385

 

Financing

 

Property and equipment, net

 

 

159

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current

 

 

 

 

 

Operating

 

Other current liabilities

 

$

755

 

Financing

 

Other current liabilities

 

 

92

 

Non-current

 

 

 

 

 

Operating

 

Other long-term liabilities

 

 

2,506

 

Financing

 

 

 

 

-

 

Schedule of total lease cost

Total lease costs for the three months ended April 30, 2022 were:

 

Operating lease cost

 

 

$

341

 

Short-term lease cost

 

 

 

542

 

Variable lease cost

 

 

 

46

 

Finance lease cost:

 

 

 

 

Amortization of right-of-use assets

 

 

 

23

 

Interest on lease liabilities

 

 

 

1

 

Total finance lease cost

 

 

$

24

 

Schedule of lease payments

The following table summarizes future scheduled lease payments as of April 30, 2022:

 

 

 

 

Operating Leases

 

 

 

Finance Leases

 

Remaining nine months of fiscal 2023

 

 

$

745

 

 

 

$

 

2024

 

 

 

755

 

 

 

 

96

 

2025

 

 

 

775

 

 

 

 

-

 

2026

 

 

 

797

 

 

 

 

-

 

2027

 

 

 

658

 

 

 

 

-

 

Total

 

 

 

3,730

 

 

 

 

96

 

Less: Imputed Interest

 

 

 

(469

)

 

 

 

(4

)

Present value of net lease payments

 

 

$

3,261

 

 

 

$

92

 

 

 

 

 

 

 

 

 

 

Lease liability, current portion

 

 

$

755

 

 

 

$

92

 

Lease liability, net of current portion

 

 

 

2,506

 

 

 

 

-

 

Total lease liability

 

 

$

3,261

 

 

 

$

92

 

Schedule of Supplemental Information And Non-Cash activities Related to Operating And Finance Leases

Supplemental information and non-cash activities 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

 

 

$

416

 

Operating cash flows from finance leases

 

 

 

1

 

Financing cash flows from finance leases

 

 

 

96

 

 

 

 

$

513

 

Weighted average remaining lease term (in years)

 

 

 

 

Operating leases

 

 

 

4.33

 

Finance leases

 

 

 

1.75

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

 

6.25

 

Finance leases

 

 

5.67