Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
6 Months Ended
Jul. 31, 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

 

July 31, 2022

 

Assets

 

 

 

 

 

Operating

 

Deposits and other assets

 

$

2,197

 

Financing

 

Property and equipment, net

 

 

136

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current

 

 

 

 

 

Operating

 

Other current liabilities

 

$

689

 

Financing

 

Other current liabilities

 

 

93

 

Non-current

 

 

 

 

 

Operating

 

Other long-term liabilities

 

 

2,355

 

Financing

 

 

 

 

-

 

Schedule of total lease cost

Total lease costs for the three and six months ended July 31, 2022 were:

 

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

 

July 31, 2022

 

 

 

July 31, 2022

 

Operating lease cost

 

 

$

239

 

 

 

$

605

 

Short-term lease cost

 

 

 

641

 

 

 

 

1,183

 

Variable lease cost

 

 

 

(4

)

 

 

 

44

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

 

23

 

 

 

 

45

 

Interest on lease liabilities

 

 

 

1

 

 

 

 

3

 

Total finance lease cost

 

 

$

24

 

 

 

$

48

 

 

Schedule of lease payments

The following table summarizes future scheduled lease payments as of July 31, 2022:

 

 

 

 

Operating Leases

 

 

 

Finance Leases

 

Remaining six months of fiscal 2023

 

 

$

479

 

 

 

$

 

2024

 

 

 

755

 

 

 

 

96

 

2025

 

 

 

775

 

 

 

 

-

 

2026

 

 

 

797

 

 

 

 

-

 

2027

 

 

 

658

 

 

 

 

-

 

Total

 

 

 

3,464

 

 

 

 

96

 

Less: Imputed Interest

 

 

 

420

 

 

 

 

3

 

Present value of net lease payments

 

 

$

3,044

 

 

 

$

93

 

 

 

 

 

 

 

 

 

 

Lease liability, current portion

 

 

$

689

 

 

 

$

93

 

Lease liability, net of current portion

 

 

 

2,355

 

 

 

 

-

 

Total lease liability

 

 

$

3,044

 

 

 

$

93

 

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

 

 

$

699

 

Operating cash flows from finance leases

 

 

 

3

 

Financing cash flows from finance leases

 

 

 

96

 

 

 

 

$

798

 

Weighted average remaining lease term (in years)

 

 

 

 

Operating leases

 

 

 

4.19

 

Finance leases

 

 

 

1.50

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

 

6.30

%

Finance leases

 

 

 

5.67

%

Schedule of future minimum lease payments required under operating leases

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

 

Year ending January 31,

 

 

 

 

2023

 

 

$

1,025

 

2024

 

 

 

755

 

2025

 

 

 

775

 

2026

 

 

 

797

 

2027

 

 

 

658

 

 

 

 

$

4,010