0001193125-21-306735 | S-1 | XBRL Viewer

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Cover Page	6 Months Ended
Cover Page	Jul. 31, 2021
Entity Information [Line Items]
Document Type	S-1
Amendment Flag	false
Entity Central Index Key	0000926423
Entity Registrant Name	MIND Technology, Inc.
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,056	$ 4,611	$ 3,090
Restricted cash		0	144
Accounts receivable, net of allowance for doubtful accounts respectively	5,100	4,747	6,623
Inventories, net	11,928	11,453	12,656
Prepaid expenses and other current assets	1,190	1,659	1,987
Assets held for sale	3,312	4,321	14,913
Total current assets	23,586	26,791	39,413
Property and equipment, net	4,440	4,751	5,419
Operating lease right-of-use assets	1,568	1,471	2,300
Intangible assets, net	6,455	6,750	8,136
Goodwill		0	2,531
Other assets		0	429
Total assets	36,049	39,763	58,228
Current liabilities:
Accounts payable	2,148	1,704	1,767
Deferred revenue	459	208	731
Accrued expenses and other current liabilities	2,651	2,912	1,565
Income taxes payable	1,002	1,041
Income taxes payable		562	316
Operating lease liabilities - current	567	1,008	1,339
Liabilities held for sale	705	963
Liabilities held for sale		1,442	2,730
Total current liabilities	7,532	7,836	8,448
Operating lease liabilities - non-current	1,001	463	961
Notes payable	0	850	0
Other non-current liabilities		0	967
Deferred tax liability	198	198	200
Total liabilities	8,731	9,347	10,576
Commitments and contingencies (Notes 10,17, and 21)
Stockholders' equity:
Preferred stock	27,606	23,104	22,104
Common stock	157	157	141
Additional paid-in capital	128,519	128,241	123,964
Treasury stock	(16,862)	(16,860)	(16,860)
Accumulated deficit	(107,780)	(99,870)	(77,310)
Accumulated other comprehensive loss	(4,322)	(4,356)	(4,387)
Total stockholders' equity	27,318	30,416	47,652
Total liabilities and stockholders' equity	$ 36,049	$ 39,763	$ 58,228

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
ASSETS
Allowance for doubtful accounts, current	$ 481	$ 948	$ 2,378
Stockholders' equity:
Preferred stock, par value (in usd per share)	$ 1.00	$ 1.00	$ 1.00
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	1,223,000	1,038,000	994,000
Preferred stock, shares outstanding (in shares)	1,223,000	1,038,000	994,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000	40,000,000
Common stock, shares issued (in shares)	15,704,000	15,681,000	14,049,000
Treasury stock, shares (in shares)	1,931,000	1,929,000	1,929,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Revenues:
Total revenues	$ 6,807,000	$ 5,086,000	$ 11,001,000	$ 8,273,000	$ 21,215,000	$ 29,919,000
Cost of sales:
Total cost of sales	4,583,000	3,069,000	8,234,000	5,772,000	13,906,000	16,965,000
Gross profit	2,224,000	2,017,000	2,767,000	2,501,000	7,309,000	12,954,000
Operating expenses:
Selling, general and administrative	3,378,000	2,988,000	7,195,000	5,942,000	12,648,000	14,140,000
Research and development	888,000	755,000	1,741,000	1,165,000	3,003,000	1,850,000
Provision for doubtful accounts					659,000	0
Impairment of intangible assets	0	0	0	2,531,000	2,531,000	760,000
Depreciation and amortization	557,000	700,000	1,223,000	1,430,000	2,796,000	2,494,000
Total operating expenses	4,823,000	4,443,000	10,159,000	11,068,000	21,637,000	19,244,000
Operating loss	(2,599,000)	(2,426,000)	(7,392,000)	(8,567,000)	(14,328,000)	(6,290,000)
Other income:
Other income	57,000	0	1,004,000	56,000	862,000	100,000
Total other income	57,000	0	1,004,000	56,000	862,000	100,000
Loss from continuing operations before income taxes	(2,542,000)	(2,426,000)	(6,388,000)	(8,511,000)	(13,466,000)	(6,190,000)
(Provision) benefit for income taxes	(197,000)	530,000	(52,000)	188,000	(536,000)	(353,000)
Loss from continuing operations	(2,739,000)	(1,896,000)	(6,440,000)	(8,323,000)	(14,002,000)	(6,543,000)
Income (Loss) from discontinued operations, net of income taxes	79,000	(4,708,000)	(204,000)	(4,923,000)	(6,304,000)	(4,744,000)
Net loss	(2,660,000)	(6,604,000)	(6,644,000)	(13,246,000)	(20,306,000)	(11,287,000)
Preferred stock dividends	(682,000)	(559,000)	(1,266,000)	(1,118,000)	(2,254,000)	(2,050,000)
Net loss attributable to common stockholders	$ (3,342,000)	$ (7,163,000)	$ (7,910,000)	$ (14,364,000)	$ (22,560,000)	$ (13,337,000)
Net loss per common share—Basic
Continuing operations (in usd per share)	$ (0.25)	$ (0.20)	$ (0.56)	$ (0.78)	$ (1.30)	$ (0.71)
Discontinued operations (in usd per share)	0.01	(0.39)	(0.01)	(0.40)	(0.50)	(0.39)
Net loss (in usd per share)	(0.24)	(0.59)	(0.57)	(1.18)	(1.80)	(1.10)
Net loss per common share—Diluted
Continuing operations (in usd per share)	(0.25)	(0.20)	(0.56)	(0.78)	(1.30)	(0.71)
Discontinued operations (in usd per share)	0.01	(0.39)	(0.01)	(0.40)	(0.50)	(0.39)
Net loss (in usd per share)	$ (0.24)	$ (0.59)	$ (0.57)	$ (1.18)	$ (1.80)	$ (1.10)
Shares used in computing net loss per common share:
Basic (in shares)	13,774	12,182	13,767	12,177	12,519	12,143
Diluted (in shares)	13,774	12,182	13,767	12,177	12,519	12,143
Revenue from Contract with Customer, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss attributable to common stockholders	$ (3,342)	$ (7,163)	$ (7,910)	$ (14,364)	$ (22,560)	$ (13,337)
Changes in cumulative translation adjustment	(23)	82	34	(49)	31	(343)
Comprehensive loss	$ (3,365)	$ (7,081)	$ (7,876)	$ (14,413)	$ (22,529)	$ (13,680)

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Common Stock Including Additional Paid-In Capital
Beginning balances (in shares) at Jan. 31, 2019		14,049	830
Beginning balances at Jan. 31, 2019	$ 56,678	$ 140	$ 18,330	$ 123,085	$ (16,860)	$ (63,973)	$ (4,044)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(11,287)					(11,287)
Foreign currency translation	(343)						(343)
Equity Compensation (in shares)		9
Equity Compensation	26	$ 1		25
Restricted stock issued (in shares)		39
Stock offering (in shares)			164
Stock offering	3,774		$ 3,774
Preferred stock dividends	(2,050)					(2,050)
Stock-based compensation	854			854
Ending balances (in shares) at Jan. 31, 2020		14,097	994
Ending balances at Jan. 31, 2020	47,652	$ 141	$ 22,104	123,964	(16,860)	(77,310)	(4,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,642)					(6,642)
Foreign currency translation	(131)						(131)
Preferred stock dividends	(559)					(559)
Stock-based compensation	230			230
Ending balances (in shares) at Apr. 30, 2020		14,097	994
Ending balances at Apr. 30, 2020	40,550	$ 141	$ 22,104	124,194	(16,860)	(84,511)	(4,518)
Beginning balances (in shares) at Jan. 31, 2020		14,097	994
Beginning balances at Jan. 31, 2020	47,652	$ 141	$ 22,104	123,964	(16,860)	(77,310)	(4,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(13,246)
Ending balances (in shares) at Jul. 31, 2020		14,097	994
Ending balances at Jul. 31, 2020	33,688	$ 141	$ 22,104	124,413	(16,860)	(91,674)	(4,436)
Beginning balances (in shares) at Jan. 31, 2020		14,097	994
Beginning balances at Jan. 31, 2020	47,652	$ 141	$ 22,104	123,964	(16,860)	(77,310)	(4,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(20,306)					(20,306)
Foreign currency translation	31						31
Stock offering (in shares)		1,584	44
Stock offering	1,000	$ 16	$ 1,000	3,569				$ 3,585
Preferred stock dividends	(2,254)					(2,254)
Stock-based compensation	708			708
Ending balances (in shares) at Jan. 31, 2021		15,681	1,038
Ending balances at Jan. 31, 2021	30,416	$ 157	$ 23,104	128,241	(16,860)	(99,870)	(4,356)
Beginning balances (in shares) at Apr. 30, 2020		14,097	994
Beginning balances at Apr. 30, 2020	40,550	$ 141	$ 22,104	124,194	(16,860)	(84,511)	(4,518)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,604)					(6,604)
Foreign currency translation	82						82
Preferred stock dividends	(559)					(559)
Stock-based compensation	219			219
Ending balances (in shares) at Jul. 31, 2020		14,097	994
Ending balances at Jul. 31, 2020	33,688	$ 141	$ 22,104	124,413	(16,860)	(91,674)	(4,436)
Beginning balances (in shares) at Jan. 31, 2021		15,681	1,038
Beginning balances at Jan. 31, 2021	30,416	$ 157	$ 23,104	128,241	(16,860)	(99,870)	(4,356)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,984)					(3,984)
Foreign currency translation	57						57
Restricted stock issued (in shares)		5
Restricted stock issued	11			11
Restricted stock forfeited for taxes	(2)				(2)
Stock offering (in shares)		18	21
Stock offering	503		$ 503	42				42
Preferred stock dividends	(584)					(584)
Stock-based compensation	109			109
Ending balances (in shares) at Apr. 30, 2021		15,704	1,059
Ending balances at Apr. 30, 2021	26,568	$ 157	$ 23,607	128,403	(16,862)	(104,438)	(4,299)
Beginning balances (in shares) at Jan. 31, 2021		15,681	1,038
Beginning balances at Jan. 31, 2021	30,416	$ 157	$ 23,104	128,241	(16,860)	(99,870)	(4,356)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,644)
Ending balances (in shares) at Jul. 31, 2021		15,704	1,223
Ending balances at Jul. 31, 2021	27,318	$ 157	$ 27,606	128,519	(16,862)	(107,780)	(4,322)
Beginning balances (in shares) at Apr. 30, 2021		15,704	1,059
Beginning balances at Apr. 30, 2021	26,568	$ 157	$ 23,607	128,403	(16,862)	(104,438)	(4,299)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,660)					(2,660)
Foreign currency translation	(23)						(23)
Stock offering (in shares)			164
Stock offering	3,999		$ 3,999	1				$ 1
Preferred stock dividends	(682)					(682)
Stock-based compensation	115			115
Ending balances (in shares) at Jul. 31, 2021		15,704	1,223
Ending balances at Jul. 31, 2021	$ 27,318	$ 157	$ 27,606	$ 128,519	$ (16,862)	$ (107,780)	$ (4,322)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Cash flows from operating activities:
Net loss	$ (6,644)	$ (13,246)	$ (20,306)	$ (11,287)
Adjustments to reconcile net loss to net cash used in operating activities:
PPP loan forgiveness	(850)	0	(757)	0
Depreciation and amortization	1,226	3,210	4,627	7,768
Stock-based compensation	236	449	708	854
Impairment of intangible assets	0	2,531	2,531	760
Loss on disposal of discontinued operations	0	1,859	1,859	0
(Recovery) provision for doubtful accounts, net of charge offs	(453)	470	1,129	2,000
Provision for inventory obsolescence	350	234	321	298
Gross profit from sale of lease pool equipment	0	(1,326)	(1,326)	(1,197)
Gross profit from sale of other equipment	(155)	0	(357)	0
Deferred tax expense	0	263	32	503
Non-current prepaid tax			0	50
Changes in:
Accounts receivable	(140)	4,404	4,632	(1,723)
Unbilled revenue	21	(9)	72	(327)
Inventories	(542)	(675)	1,178	(2,810)
Prepaid expenses and other current and long-term assets	(260)	766	581	(506)
Income taxes receivable and payable	(63)	0	767	0
Accounts payable, accrued expenses and other current liabilities	375	(1,583)	(2,510)	(178)
Deferred revenue	(292)	87	459	(335)
Foreign exchange losses net of gains			0	313
Net cash used in operating activities	(7,191)	(2,566)	(6,360)	(5,817)
Cash flows from investing activities:
Purchases of seismic equipment held for lease	0	(110)	(110)	(2,955)
Purchase of technology			(366)	0
Purchases of property and equipment	(14)	(302)	(90)	(1,036)
Sale of used lease pool equipment	0	2,010	2,010	1,664
Sale of assets held for sale	484	0	1,506	0
Sale of a business	761	0	257	239
Net cash provided by investing activities	1,231	1,598	3,207	(2,088)
Cash flows from financing activities:
Purchase of treasury stock	2	0
Net proceeds from preferred stock offering	4,502	0	1,000	3,773
Net proceeds from common stock offering	43	0	3,584	0
Preferred stock dividends	(1,160)	(1,118)	(1,677)	(2,050)
Proceeds from PPP loans	0	1,607	1,607	0
Proceeds from exercise of stock options			0	26
Net cash provided by financing activities	3,383	489	4,514	1,749
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash	22	(117)	16	(159)
Net increase (decrease) in cash, cash equivalents and restricted cash	(2,555)	(596)	1,377	(6,315)
Cash, cash equivalents and restricted cash, beginning of period	4,611	3,234	3,234	9,549
Cash, cash equivalents and restricted cash, end of period	2,056	2,638	4,611	3,234
Supplemental cash flow information:
Interest paid	18	23	$ 40	$ 63
Income taxes paid	$ 147	$ 246

Organization	6 Months Ended
Organization	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization MIND Technology, Inc., a Delaware corporation (the “Company”), formerly Mitcham Industries, Inc., a Texas corporation, was incorporated in 1987. Effective August 3, 2020 the Company effectuated a reincorporation to the state of Delaware. Concurrent with the reincorporation the name of the Company was changed to MIND Technology, Inc. and the number of shares of common stock and preferred stock authorized for issuance was increased. See Note 15—“Corporate Restructuring”, to the condensed consolidated financial statements. The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC (formerly Seamap USA, LLC), Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively “Seamap”), and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), designs, manufactures and sells a broad range of proprietary products for the seismic, hydrographic and offshore industries with product sales and support facilities based in Singapore, Malaysia, the United Kingdom and the states of New Hampshire and Texas. Prior to July 31, 2020, the Company, through its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), and its branch operations in Colombia, provided full-service equipment leasing, sales and service to the seismic industry worldwide (the “Leasing Business”). Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note 3—“Assets Held for Sale and Discontinued Operations” for additional details). All intercompany transactions and balances have been eliminated in consolidation. The lingering impacts of the global pandemic and emerging supply chain disruptions have created uncertainty in the global economy which could have a material adverse effect on the Company’s business, financial position, results of operations and liquidity. In addition, the Company has a history of operating losses and has had negative cash from operating activities. However, as of July 31, 2021, the Company has no funded debt or obligations containing financial covenants, working capital of approximately $16.1 million, including cash of approximately $2.1 million, backlog of firm orders of approximately $11.7 million, the ability, and plans, to reduce costs to maintain positive cash flow, additional equity available to raise further capital, and lease pool equipment being actively marketed for sale. Based on these factors, management expects the Company to continue to meet its obligations as they arise over the next twelve months.

Organization and Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Summary of Significant Accounting Policies

1. Organization and Summary of Significant Accounting Policies

Organization

—MIND Technology, Inc., a Delaware corporation (the “Company”), formerly Mitcham Industries, Inc., a Texas corporation, was incorporated in 1987. Effective August 3, 2020 the Company effectuated a reincorporation to the state of Delaware. Concurrent with the reincorporation the name of the Company was changed to MIND Technology, Inc. and the number of shares of common stock and preferred stock authorized for issuance was increased. See Note 20 – Corporate Restructuring.

The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC (formerly Seamap USA, LLC), Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively “Seamap”, and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), designs, manufactures and sells a broad range of proprietary products for the seismic, hydrographic and offshore industries with product sales and support facilities based in Singapore, Malaysia, the United Kingdom and the states of New Hampshire and Texas. Prior to July 31, 2020, the Company, through its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), and its branch operations in Colombia, provided full-service equipment leasing, sales and service to the seismic industry worldwide. Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note 2 – “Assets Held for Sale and Discontinued Operations” for additional details). All intercompany transactions and balances have been eliminated in consolidation. During February 2019, the Company completed the sale of its wholly owned Australian subsidiary, Seismic Asia Pacific Pty Ltd. (“SAP”) (see Note 23 - “Sale of Subsidiary” for additional details related to this transaction).

Revenue Recognition of Marine Technology Product Sales

—Revenues and cost of sales from the sale of marine technology products are recognized upon acceptance of terms and completion of our performance obligations, which is typically when delivery has occurred, barring any question as to collectability.

Revenue Recognition of Long-term Projects

—From time to time the Company enters into contracts whereby certain marine equipment is assembled or manufactured and sold, primarily to governmental entities. Performance under these contracts generally occurs over a period of three to twelve months. Revenue and costs related to these contracts are recognized “over time”, as each separately identified performance obligation is satisfied.

Revenue Recognition of Service Agreements

—In some cases the Company provides

on-going

support services pursuant to contracts that generally have a term of 12 months. The Company recognizes revenue from these contracts ratably over the term of the contract. The Company may also provide support services on a time and material basis. Revenue from these arrangements is recognized as the services are provided. For certain new systems, the Company provides support services for up to 12 months at no additional charge. Any amounts attributable to these support obligations are immaterial. Revenues from service contracts for fiscal years ended 2021 and 2020 were not material and as a result are not presented separately in the financial statements.

Revenue Recognition of Leasing Arrangements

—The Company leases various types of seismic equipment to seismic data acquisition companies. All leases at January 31, 2021 and 2020 are for one year or less. Lease revenue is recognized ratably over the term of the lease. The Company does not enter into leases with embedded maintenance obligations. The standard lease provides that the lessee is responsible for maintenance and repairs to the equipment, excluding normal wear and tear. The Company occasionally provides technical advice to its customers without additional compensation as part of its customer service practices. Repairs or maintenance performed by the Company is charged to the lessee, generally on a time and materials basis. Repair and maintenance revenues are recognized as incurred. Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note

—

“Assets Held for Sale and Discontinued Operations” for additional details).

Allowance for Doubtful Accounts

—Trade receivables are uncollateralized customer obli

gation

s due under normal trade terms. The carrying amount of trade receivables and contracts receivable is reduced by a valuation allowance that reflects management’s estimate of the amounts that will not be collected, based on the age of the receivable, payment history of the customer, general industry conditions, general financial condition of the customer and any financial or operational leverage the Company may have in a particular situation. Amounts are

written-off

when collection is deemed unlikely. Past due amounts are determined based on contractual terms. The Company generally does not charge interest on past due accounts.

Cash and Cash Equivalents

—The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents.

Short-term Investments—

The Company considers all highly liquid investments with an original maturity greater than three months, but less than twelve months, to be short-term investments.

Inventories

—Inventories are stated at the lower of cost or market. An allowance for obsolescence is maintained to reduce the carrying value of any materials or parts that may become obsolete. Inventories are periodically monitored to ensure that the allowance for obsolescence covers any obsolete items.

Property and Equipment

—Property and equipment is carried at cost, net of accumulated depreciation. Depreciation is computed on the straight-line method over the related estimated useful lives. The estimated useful lives of equipment range from three to seven years. Buildings are depreciated over 30 years and property improvements are amortized over 10 years or the shorter of their useful life. Leasehold improvements are amortized over the shorter of the realized estimated useful life or the life of the respective leases. No salvage value is assigned to property and equipment.

Intangible Assets

—Intangible assets are carried at cost, net of accumulated amortization. Amortization is computed on the straight-line method (for customer relationships, the straight-line method is not materially different from other methods that estimate run off of the underlying customer base) over the estimated life of the asset. Proprietary rights, developed technology and amortizable tradenames are amortized over a 10 to

15-year

period. Customer relationships are amortized over an eight-year period. Patents are amortized over an eight to

ten-year

period.

Impairment

—The Company reviews its long-lived assets, including its amortizable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable

In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value. The determination of future cash flows as well as the estimated fair value of long-lived assets involves significant estimates on the part of management. The Company performs an impairment test on goodwill and indefinite lived assets on an annual basis. The Company performs a qualitative review to determine if it is more likely than not that the fair value of our reporting units is greater their carrying value. If the Company is unable to conclude qualitatively that it is more likely than not that a reporting unit’s fair value exceeds its carrying value, then the Company performs a quantitative assessment of fair value of the reporting unit. The quantitative reviews involve significant estimates on the part of management.

Product Warranties

—Seamap provide its customers warranties against defects in materials and workmanship generally for a period of three months after delivery of the product. Klein also provides its customers with similar warranties against defects in material and workmanship for an approximate twelve months period subsequent to delivery of the product. The Company maintains an accrual for potential warranty costs based on historical warranty claims. For the fiscal years ended January 31, 2021 and 2020, warranty expense was not material.

Income Taxes

—The Company accounts for income taxes under the liability method, whereby the Company recognizes deferred tax assets and liabilities which represent differences between the financial and income tax reporting basis of its assets and liabilities. Deferred tax assets and liabilities are determined based on temporary differences between income and expenses reported for financial reporting and tax reporting. The Company has assessed, using all available positive and negative evidence, the likelihood that the deferred tax assets will be recovered from future taxable income.

The weight given to the potential effect of positive and negative evidence is commensurate with the extent to which it can be objectively verified. The preponderance of negative or positive evidence supports a conclusion regarding the need for a valuation allowance for some portion, or all, of the deferred tax asset. The more significant types of evidence considered include the following:

•

projected taxable income in future years;

•

our history of taxable income within a particular jurisdiction;

•

any history of deferred tax assets expiring prior realization;

•

whether the carry forward period is so brief that it would limit realization of tax benefits;

•

other limitations on the utilization of tax benefits;

•

future sales and operating cost projections that will produce more than enough taxable income to realize the deferred tax asset based on existing sales prices and cost structures;

•

our earnings history exclusive of the loss that created the future deductible amount coupled with evidence indicating that the loss is an aberration rather than a continuing condition; and

•

tax planning strategies that will create additional taxable income.

Use of Estimates

—The preparation of the Company’s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, the allowance for doubtful accounts, lease pool valuations, valuation allowance on deferred tax assets, the evaluation of uncertain tax positions, estimated depreciable lives of fixed assets and intangible assets, impairment of fixed assets and intangible assets, valuation of assets acquired and liabilities assumed in business combinations and the valuation of stock options. Future events and their effects cannot be perceived with certainty. Accordingly, these accounting estimates require the exercise of judgment. The accounting estimates used in the preparation of the consolidated financial statements will change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Actual results could differ from these estimates.

Substantial judgment is necessary in the determination of the appropriate levels for the Company’s allowance for doubtful accounts because of the extended payment terms the Company offers to its customers on occasion and the limited financial wherewithal of certain of these customers. As a result, the Company’s allowance for doubtful accounts could change in the future, and such change could be material to the financial statements taken as a whole. The Company must also make substantial judgments regarding the valuation allowance on deferred tax assets and with respect to quantitative analysis prepared in conjunction with impairment analysis related to goodwill and other intangible assets.

Fair Value of Financial Instruments

—

The Company’s financial instruments consist of accounts and contracts receivable and accounts payable.

The Financial Accounting Standards Board (“FASB”) has issued guidance on the definition of fair value, the framework for using fair value to measure assets hierarchy, which prioritizes the inputs used to measure fair value. These tiers include:

•

Level 1: Defined as observable inputs such as quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

•

Level 2: Defined as pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current and contractual prices for the underlying instruments, as well as other relevant economic measures.

•

Level 3: Defined as pricing inputs that are unobservable form objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The Company measures the fair values of goodwill, intangibles and other long-lived assets on a recurring basis if required by impairment tests applicable to these assets. The Company utilized Level 3 inputs to value intangibles and other long-lived assets as of January 31, 2021. See Notes 10 and 11 to our consolidated financial statements.

Foreign Currency Translation

—All balance sheet accounts of the Canadian resident subsidiary for fiscal 2021 and 2020, and for the United Kingdom resident subsidiaries for fiscal 2020, have been translated at the current exchange rate as of the end of the accounting period. Statements of operations items have been translated at average currency exchange rates. The resulting translation adjustment is recorded as a separate component of comprehensive income within stockholders’ equity.

Stock-Based Compensation

—Stock-based compensation expense is recorded based on the grant date fair value of share-based awards. Restricted stock awards are valued at the closing price on the date of grant. Determining the grant date fair value for options requires management to make estimates regarding the variables used in the calculation of the grant date fair value. Those variables are the future volatility of our common stock price, the length of time an optionee will hold their options until exercising them (the “expected term”), and the number of options that will be forfeited before they are exercised (the “forfeiture rate”). We utilize various mathematical models in calculating the variables. Share-based compensation expense could be different if we used different models to calculate the variables.

Earnings Per Share

—Net income (loss) per basic common share is computed using the weighted average number of common shares outstanding during the period. Net income (loss) per diluted common share is computed using the weighted average number of common shares and potential common shares outstanding during the period. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect using the treasury stock method, from unvested shares of restricted stock using the treasury stock method and from outstanding common stock warrants. For the fiscal years ended January 31, 2021 and 2020, the following table sets forth the number of potentially dilutive shares that may be issued pursuant to options, restricted stock and warrants outstanding used in the per share calculations.


	Year Ended January 31,
	2021		2020

	(in thousands)
Stock options		48		79
Restricted stock		17		3

Total dilutive shares		65		82

For the fiscal years ended January 31, 2021 and 2020, respectively, potentially dilutive common shares, underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Reclassifications

—Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on the results of operations or comprehensive income.

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	2. Basis of Presentation The condensed consolidated balance sheet as of January 31, 2021 for the Company has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2021 (“fiscal 2021”). In the opinion of the Company’s management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of July 31, 2021, the results of operations for the three and six months ended July 31, 2021 and 2020, the cash flows for the six months ended July 31, 2021 and 2020, and the statement of stockholders’ equity for the three and six months ended July 31, 2021 and 2020, have been included in these condensed consolidated financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January 31, 2022 (“fiscal 2022”). We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation. On the consolidated balance sheets, income taxes payable, not related to discontinued operations has been reclassified from “Current liabilities held for sale” to “Current income taxes payable.”

Assets Held for Sale and Discontinued Operations

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale and Discontinued Operations

3. Assets Held for Sale and Discontinued Operations

On July 27, 2020, the Board determined to exit the Leasing Business, which comprises essentially all operations of the Equipment Leasing segment. As a result, the assets, excluding cash, and liabilities of the Leasing Business are considered held for sale and the operations of the business are reported as discontinued operations as of July 31, 2021 and for all comparative periods presented in these condensed consolidated financial statements. The Company originally anticipated selling the discontinued operations in multiple transactions, which may involve the sale of legal entities, assets, or a combination of both, within the twelve months ending July 31, 2021.

The assets reported as held for sale consist of the following:


	July 31, 2021		January 31, 2021
Current assets of discontinued operations:
Accounts receivable, net		1,151		1,668
Inventories, net		68		352
Prepaid expenses and other current assets		120		150
Seismic equipment lease pool and property and equipment, net		1,973		2,151

Total assets of discontinued operations	$	3,312	$	4,321

The liabilities reported as held for sale consist of the following:


	July 31, 2021		January 31, 2021
Current liabilities of discontinued operations:
Accounts payable	$	21	$	59
Deferred revenue		73		73
Accrued expenses and other current liabilities		611		831

Total liabilities of discontinued operations		705		963

The results of operations from discontinued operations for the three and six months ended

July

31, 2021 and 2020, consist of the following:


	For the Three Months Ended July 31,						For the Six Months Ended July 31,
	2021			2020			2021			2020
Revenues:

Revenue from discontinued operations	$	757		$	1,230		$	787		$	5,418

Cost of sales:
Cost of discontinued operations		332			1,642			705			4,126
Operating expenses:
Selling, general and administrative		378			1,476			720			3,176
Provision for doubtful accounts		(2	)		470			(445	)		470
Depreciation and amortization		2			41			3			85

Total operating expenses		378			1,987			278			3,731

Operating income (loss)		47			(2,399	)		(196	)		(2,439	)
Other income (expenses)		35			72			(4	)		75
Loss on disposal (including $2,745 of cumulative translation loss)		—			(1,859	)		—			(1,859	)

Income (loss) before income taxes		82			(4,186	)		(200	)		(4,223	)
Provision for income taxes		(3	)		(522	)		(4	)		(700	)

Net income (loss)		79			(4,708	)		(204	)		(4,923	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:


	For the Six Months Ended July 31,
	2021			2020
Depreciation and amortization	$	—		$	1,771
Gross profit from sale of lease pool equipment	$	—		$	(1,324	)
(Recovery) provisions for doubtful accounts	$	(445	)	$	470
Loss on disposal of discontinued operations	$	—		$	1,859
Sale of used lease pool equipment	$	—		$	1,988
Sale of assets held for sale	$	1,245		$	—

2. Assets Held for Sale and Discontinued Operations

On July 27, 2020, the Board determined to exit the Leasing Business. As a result, the assets, excluding cash, and liabilities of the Leasing Business are considered held for sale and it’s results of operations are reported as discontinued operations as of January 31, 2021 and for all comparative periods presented in these condensed consolidated financial statements. The Company anticipates selling the discontinued operations within twelve months from July 27, 2020 in multiple transactions, which may involve the sale of legal entities or assets.

The assets reported as held for sale consist of the following:


	As of January 31,
	2021		2020
Current assets of discontinued operations:
Accounts receivable, net		1,668		5,699
Inventories, net		352		605
Prepaid expenses and other current assets		150		227
Seismic equipment lease pool and property and equipment, net		2,151		8,382

Total assets of discontinued operations	$	4,321	$	14,913

The liabilities reported as held for sale consist of the following:


	As of January 31,
	2021		2020
Current liabilities of discontinued operations:
Accounts payable	$	59	$	884
Deferred revenue		73		34
Accrued expenses and other current liabilities		831		1,886
Income taxes payable		479		(74	)

Total liabilities of discontinued operations	$	1,442	$	2,730

The results of operations from discontinued operations for the twelve months ended January 31, 2021 and 2020, consist of the following:


	Twelve Months Ended January 31,
	2021			2020
Revenues:
Revenue from discontinued operations	$	5,747		$	12,756

Cost of sales:
Cost of discontinued operations		4,537			9,089
Operating expenses:
Selling, general and administrative		4,589			5,576
Provision for doubtful accounts		470			2,000
Depreciation and amortization		132			176

Total operating expenses		5,191			7,752

Operating loss		(3,981	)		(4,085	)
Other income (expenses)		201			(134	)
Loss on disposal (including $2,745 of cumulative translation loss)		(1,859	)		—

Loss before income taxes		(5,639	)		(4,219	)
Provision for income taxes		(665	)		(525	)

Net loss		(6,304	)		(4,744	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:


	As of January 31,
	2021			2020
Depreciation and amortization	$	1,830		$	4,818
Gross profit from sale of lease pool equipment	$	(1,326	)	$	(1,145	)
Provisions for doubtful accounts	$	470		$	2,000
Loss on disposal of discontinued operations	$	1,859		$	—
Sale of used lease pool equipment	$	2,010		$	1,415
Sale of assets held for sale	$	1,506		$	—
Purchase of seismic equipment held for lease	$	(110	)	$	(2,955	)

New Accounting Pronouncements	6 Months Ended	12 Months Ended
New Accounting Pronouncements	Jul. 31, 2021	Jan. 31, 2021
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	4. New Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (“Topic 740”): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by eliminating certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance to improve consistent application. This ASU is effective for the annual period beginning after December 15, 2020, including interim periods within that annual period. The Company adopted this ASU effective February 1, 2021, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurement by removing, modifying and adding certain disclosures. This ASU is effective for the annual period beginning after December 15, 2019, including interim periods within that annual period. The Company adopted this guidance effective February 1, 2020. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.	3. New Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Qualitative and quantitative disclosures are required, and optional practical expedients may be elected. This ASU is effective for the annual period beginning after December 15, 2018, including interim periods within that annual period. Subsequent amendments to the initial guidance have been issued in January 2017, January 2018, and July 2018 within ASU No. 201703, ASU No. 2018-01, ASU No. 2018-10, and ASU No. 2018-11 regarding qualitative disclosures, optional practical expedients, codification improvements and an optional transition method to adopt with a cumulative-effect adjustment versus a modified retrospective approach. These updates do not change the core principle of the guidance under ASU No. 2016-02, but rather provide implementation guidance. The Company adopted the accounting standard as of February 1, 2019, using the cumulative-effect transition method, which applies the guidance at the beginning of the period of adoption. The Company elected the package of practical expedients permitted, which, among other things, allowed the Company to carry forward the historical lease classification. In addition, the Company made the accounting policy elections to not recognize lease assets and lease liabilities with an initial term of 12 months or less and to not separate lease and non-lease components. The impact of adoption on the Company’s consolidated balance sheet was the recognition of a ROU asset of $3.0 million and an operating lease liability of $3.0 million, primarily for office and shop space leases that are currently off-balance sheet. The adoption did not have a material impact on its results of operations nor any material impact on its cash flows.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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Reference 32: http://www.xbrl.org/2003/role/disclosureRef
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
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-Section 65
-Paragraph 2
-Publisher FASB
-Subparagraph (c)

+ Details

Liquidity

12 Months Ended

Jan. 31, 2021

Liquidity Disclosure [Abstract]

Liquidity

4. Liquidity

The global pandemic has created significant uncertainty in the global economy which could have a material adverse effect on the Company’s business, financial position, results of operations and liquidity. The time frame for which disruptions related to the pandemic will continue is uncertain as is the magnitude of any adverse impacts. We were required to temporarily shut-down our facilities in Malaysia and Singapore on March 17, 2020 and April 7, 2020, respectively. Both locations have now reopened and are operating at essentially full capacity. Our other facilities have been allowed to operate, although at reduced efficiencies, in some cases some employees have worked remotely. Management believes that any negative impacts will be temporary, but there can be no assurance of that.

The Company has a history of operating losses and has had negative cash from operating activities.

The above factors create substantial uncertainty regarding the Company’s future financial results and liquidity.

Management has identified the following mitigating factors regarding adequate liquidity and capital resources to meet its obligations.:

•

The Company has no funded debt, excluding the PPP Loan granted to Klein which has been completely forgiven in February 2021, or other outstanding obligations, outside of normal trade obligations.

•

The Company has no obligations or agreements containing “maintenance type” financial covenants.

•

The Company has working capital of approximately $19.0 million as of January 31, 2021, including cash of approximately $4.6 million.

•

Should revenues be less than projected, the Company believes it is able, and has plans, to reduce costs proportionately in order to maintain positive cash flow.

•

The majority of the Company’s costs are variable in nature, such as raw materials and personnel related costs. The Company has already terminated or furloughed certain employees and contractors.

•

The Company has a backlog of orders of approximately $14.2 million (unaudited) as of January 31, 2021, as compared to approximately $8.9 million (unaudited) as of January 31, 2020. Production for certain of these orders was in process and included in inventory as of January 31, 2021, thereby reducing the liquidity needed to complete the orders.

•

Despite difficulties in world energy markets, the Company has been able to generate cash from the sale of lease pool equipment and collection of accounts receivable related to its discontinued operations. Management expects to generate additional liquidity from the sale of lease pool equipment in fiscal 2022.

•

The Company has declared the quarterly dividend

the its Series A Preferred Stock for the quarter ending April 30, 2021, but such quarterly dividends could be suspended in the future.

•

Despite the challenging economic environment in the year ended January 31, 2021, the Company was successful expanding its authorized capital stock (See Note 20 - Corporate Restructuring) and raising approximately $4.6 million in new capital through the sale of common and preferred stock pursuant to the 2

ATM offering program. Management

expects

to be able to raise further capital through the 2

ATM

offering program should the need arise.

•

Based on publicized transactions and discussions with potential funding sources, Management believes that other sources of debt and equity financing are available should the need arise.

For the factors discussed above, Management expects the Company to continue to meet its obligations as they arise over the next twelve months.

Revenue from Contracts with Customers

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customers

5. Revenue from Contracts with Customers

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)
Revenue recognized at a point in time:
Seamap	$	5,256	$	3,881	$	8,169	$	5,870
Klein		1,406		1,004		2,556		2,002

Total revenue recognized at a point in time	$	6,662	$	4,885	$	10,725	$	7,872

Revenue recognized over time:
Seamap	$	145	$	201	$	276	$	401

Total revenue recognized over time		145		201		276		401

Total revenue from contracts with customers	$	6,807	$	5,086	$	11,001	$	8,273

The revenue from products manufactured and sold by our Seamap and Klein businesses is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. Our Seamap business also provides Software Maintenance Agreements (“SMA”) to customers who have an active license for software embedded in Seamap products. The revenue from SMA’s is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract, which is typically twelve months.

The following table

presents

revenue from contracts with customers disaggregated by

geography

, based on shipping location of our customers:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)
United States	$	219	$	686	$	578	$	1,786
Europe		3,520		1,604		6,102		2,980
Middle East & Africa		675		221		689		297
Asia-Pacific		2,188		2,222		2,893		2,499
Canada & Latin America		205		353		739		711

Total revenue from contracts with customers	$	6,807	$	5,086	$	11,001	$	8,273

As of July 31, 2021, and January 31, 2021, contract assets and liabilities consisted of the following:


	July 31 , 2021		January 31, 2021

	(in thousands)
Contract Assets:
Unbilled revenue — current	$	106	$	85

Total unbilled revenue	$	106	$	85

Contract Liabilities:
Deferred revenue & customer deposits — current	$	399	$	691

Total deferred revenue & customer deposits	$	399	$	691

Considering the products manufactured and sold by our Seamap and Klein businesses and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a period of three to nine months.

Pursuant to our accounting policies and procedures related to revenue from contracts with customers, sales and transaction-based taxes are excluded from revenue. Also, we do not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Additionally, we expense costs incurred to obtain contracts when incurred because the amortization period would have been one year or less. These costs are recorded in selling, general and administrative expenses.

5. Revenue from Contracts with Customers

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:


	Twelve Months Ended January 31,
	2021		2020

	(in thousands)
Revenue recognized at a point in time:
Seamap	$	16,304	$	21,617
Klein		4,145		7,468
SAP		—		101

Total revenue recognized at a point in time	$	20,449	$	29,186

Revenue recognized over time:
Seamap	$	766	$	733
Klein		—		—
SAP		—		—

Total revenue recognized over time		766		733

Total revenue from contracts with customers	$	21,215	$	29,919

The revenue from products manufactured and sold by our Seamap and Klein businesses, as well as the revenue from products marketed and sold by our SAP business, is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. Our Seamap business also provides annual Software Maintenance Agreements (“SMA”) to customers who have an active license for software imbedded in Seamap products. The revenue from SMA is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract.

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:


	Twelve Months Ended January 31,
	2021		2020

	(in thousands)
Revenue from contracts with customers:
United States	$	3,687	$	3,920
Europe, Russia & CIS		8,512		15,262
Middle East & Africa		1,226		1,576
Asia-Pacific		6,523		5,377
Canada & Latin America		1,267		3,784

Total revenue from contracts with customers	$	21,215	$	29,919

As of January 31, 2021, contract assets and liabilities consisted of the following:


	January 31, 2021		January 31, 2020

	(in thousands)
Contract Assets:
Unbilled revenue-current	$	85	$	13
Unbilled revenue - non-current		—		—

Total unbilled revenue	$	85	$	13

Contract Liabilities:
Deferred revenue & customer deposits — current	$	691	$	220
Deferred revenue & customer deposits — non-current		—		12

Total deferred revenue & customer deposits	$	691	$	232

Considering the products manufactured and sold by our Marine Technology Products business and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a three to

six-month

period.

With respect to the disclosures above, sales and transaction-based taxes are excluded from revenue, and we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Also, we expense costs incurred to obtain contracts because the amortization period would be one year or less. These costs are recorded in selling, general and administrative expenses.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Paragraph 12
-Subparagraph (e)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Balance Sheet - Continuing Operations

6 Months Ended

Jul. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet - Continuing Operations

6. Balance Sheet

—

Continuing Operations


	As of July 31, 2021			As of January 31, 2021

	(in thousands)
Accounts receivable	$	5,581		$	5,695
Less allowance for doubtful accounts		(481	)		(948	)

Accounts receivable net of allowance for doubtful accounts	$	5,100		$	4,747


	July 31, 2021			January 31, 2021

	(in thousands)
Inventories:
Raw materials	$	7,468		$	6,905
Finished goods		3,455			3,466
Work in progress		2,404			2,445

		13,327			12,816
Less allowance for obsolescence		(1,399	)		(1,363	)

Total inventories, net	$	11,928		$	11,453


	July 31, 2021			January 31, 2021

	(in thousands)
Property and equipment:
Marine seismic service equipment	$	4,157		$	5,969
Land and buildings		4,422			4,354
Furniture and fixtures		9,899			9,750
Autos and trucks		491			491

		18,969			20,564
Accumulated depreciation and amortization		(14,529	)		(15,813	)

Total property and equipment, net	$	4,440		$	4,751

As of January 31, 2021, the Company completed an annual review of long-lived assets noting that the

undiscounted

future cash flows exceeded

their

carrying value and no impairment was recorded. Since January 31, 2021, there have been no significant changes to the market, economic or legal environment in which the Company operates that would indicate additional impairment analysis is necessary as of July 31, 2021.

Supplemental Statements of Cash Flows Information

12 Months Ended

Jan. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Statements of Cash Flows Information

6. Supplemental Statements of Cash Flows Information

Supplemental disclosures of cash flows information for the fiscal years ended January 31, 2021 and 2020 were as follows (in thousands):


	Year Ended January 31,
	2021		2020
Interest paid	$	40	$	63
Income taxes paid, net		336		498
Seismic equipment purchases included in accounts payable at year-end		—		812

Inventories

12 Months Ended

Jan. 31, 2021

Inventory Disclosure [Abstract]

Inventories

7. Inventories

Inventories from continuing operations consisted of the following (in thousands):


	As of January 31,
	2021			2020
Raw materials	$	6,905		$	7,388
Finished goods		3,466			3,758
Work in progress		2,445			2,720

Cost of inventories		12,816			13,866
Less allowance for obsolescence		(1,363	)		(1,210	)

Net inventories	$	11,453		$	12,656

Accounts Receivables

12 Months Ended

Jan. 31, 2021

Receivables [Abstract]

Accounts Receivables

8. Accounts Receivables

Accounts receivables from continuing operations consisted of the following (in thousands):


	As of January 31, 2021						As of January 31, 2020
	Current			Total			Current			Total
Accounts receivable	$	5,695		$	5,695		$	9,001		$	9,001
Less allowance for doubtful accounts		(948	)		(948	)		(2,378	)		(2,378	)

Accounts receivable net of allowance for doubtful accounts	$	4,747		$	4,747		$	6,623		$	6,623

Property and Equipment

12 Months Ended

Jan. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

9. Property and Equipment

Property and equipment from continuing operations consisted of the following (in thousands)


	As of January 31,
	2021			2020
Marine seismic service equipment		5,969			8,341
Land and buildings		4,354			4,274
Furniture and fixtures		9,750			9,364
Autos and trucks		491			491

Cost of property and equipment		20,564			22,470
Less accumulated depreciation		(15,813	)		(17,051	)

Net book value of property and equipment	$	4,751		$	5,419

Location of property and equipment (in thousands):


	As of January 31,
	2021		2020
United States	$	3,133	$	3,379
Europe		87		78
Singapore		480		773
Malaysia		1,051		1,189

Net book value of property and equipment	$	4,751	$	5,419

Leases

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Leases [Abstract]

Leases

7. Leases

The Company has certain

non-cancelable

operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, Colombia, United Kingdom and Canada. We negotiated the termination of our Colombia lease obligation during the current period.

Lease expense for the three and six months ended July 31, 2021 was approximately $291,000 and $600,000, respectively, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $10,000 and $10,000, respectively, for the three and six months ended July 31, 2021.

Supplemental balance sheet information related to leases as of July 31, 2021 and January 31, 2021 were as follows (in thousands):


Lease	July 31, 2021		January 31, 2021
Assets
Operating lease assets	$	1,568	$	1,471

Liabilities
Operating lease liabilities	$	1,568	$	1,471

Classification of lease liabilities
Current liabilities	$	567	$	1,008
Non-current liabilities		1,001		463

Total Operating lease liabilities	$	1,568	$	1,471

Lease-term and discount rate details as of July 31, 2021 and January 31, 2021 were as follows:


Lease term and discount rate	July 31, 2021			January 31, 2021
Weighted average remaining lease term (years)
Operating leases		1.26			1.09
Weighted average discount rate:
Operating leases		9.36	%		10	%

The incremental borrowing rate was calculated using the Company’s weighted average cost of capital.

Supplemental cash flow information related to leases was as follows (in thousands):


Lease	Six Months Ended July 31, 2021			Six Months Ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(600	)	$	(514	)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	600		$	514

Maturities of lease liabilities at July 31, 2021 were as follows (in thousands):


	July 31, 2021
2022	$	567
2023		667
2024		346
2025		134
2026		24
Thereafter		—

Total payments under lease agreements	$	1,738
Less: imputed interest		(170	)
Total lease liabilities	$	1,568

10. Leases

In February 2016, the FASB issued ASU

No. 2016-02,

Leases (Topic 842) which was modified by subsequently issued ASUs

2018-01,

2018-10,

2018-11

and

2018-20

(collectively the “New Lease Standard”). The New Lease Standard requires organizations that lease assets (“lessees”) to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The New Lease Standard also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. The New Lease Standard was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years.

In July 2018, the FASB issued ASU

No. 2018-11,

Leases (Topic 842): Targeted Improvements (“ASU

2018-11”).

ASU

2018-11

provided additional relief in the comparative reporting requirements for initial adoption of the New Lease Standard. Prior to ASU

2018-11,

a modified retrospective transition was required for financing

or operating leases existing at or entered after the beginning of the earliest comparative period presented in the financial statements. ASU

2018-11

provided an additional transition method allowing entities to initially apply the New Lease Standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.

The Company adopted the New Lease Standard effective February 1, 2019. We elected to apply the current period transition approach as introduced by ASU

2018-11

and we elected to apply the following practical expedients and accounting policy decisions.

We elected a package of transition expedients, which must be elected together, that allowed us to forgo reassessing certain conclusions reached under ASC 840. All expedients in this package were applied together for all leases that commenced before the effective date, February 1, 2019, of the adoption of the New Lease Standard. As a result, in transitioning to the New Lease Standard, for existing leases as of February 1, 2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate

non-lease

components from the associated lease for all our leased asset classes, excluding for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the

non-lease

components associated with that lease as a single lease component.

The Company has certain

non-cancelable

operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, United Kingdom and Canada.

Adoption of the New Lease Standard did have a material impact on our consolidated balance sheet as we recorded

right-of-use

assets and the corresponding lease liabilities related to our operating leases of approximately $3.0 million, each. The Company determined to treat lease costs with an original maturity of less than one year as short-term lease costs and did not record a

right-of-use

asset or related lease liability for these leases. The new standard did not have a material impact on our consolidated statements of operations or our statements of cash flows.

Lease expense for the twelve months ended January 31, 2021 and 2020 was approximately $828,000 and $1.2 million, respectively, and was recorded as a component of operating loss. Included in these costs was

short-term

lease expense of approximately $20,000 and $30,000 for the twelve months ended January 31, 2021 and 2020, respectively.

Supplemental balance sheet information related to leases as of January 31, 2021 and 2020 was as follows (in thousands):


	As of January 31,
Lease	2021		2020
Assets
Operating lease assets	$	1,471	$	2,300
Liabilities
Operating lease liabilities	$	1,471	$	2,300
Classification of lease liabilities
Current liabilities	$	1,008	$	1,339
Non-current liabilities		463		961

Total Operating lease liabilities	$	1,471	$	2,300

Lease-term and discount rate details as of January 31, 2021 and 2020 were as follows:


	As of January 31,
Lease term and discount rate	2021			2020
Weighted average remaining lease term (years)
Operating leases		1.09			1.76
Weighted average discount rate:
Operating leases		10	%		9.27	%

The incremental borrowing rate was calculated using the Company’s weighted average cost of capital.

Supplemental cash flow information related to leases at January 31, 2021 and 2020 was as follows (in thousands):


	As of January 31,
Lease	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(1,157	)	$	(1,182	)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	—		$	635

Maturities of lease liabilities at January 31, 2021 and 2020 were as follows (in thousands):


	As of January 31,
	2021			2020
2021	$	1,007		$	1,338
2022		421			838
2023		110			222
2024		58			98
2025		24			52
Thereafter		—			21

Total payments under lease agreements	$	1,620		$	2,569
Less: imputed interest		(149	)		(269	)
Total lease liabilities	$	1,471		$	2,300

Prior to July 31, 2020, the Company leased seismic equipment to customers under operating leases with

non-cancelable

terms of one year or less. These leases were generally renewable on a

month-to-month

basis. All taxes (other than income taxes) and assessments were the contractual responsibility of the lessee. To the extent that foreign taxes were not paid by the lessee, the relevant foreign taxing authorities might seek to collect such taxes from the Company. Under the terms of its lease agreements, any amounts paid by the Company to such foreign taxing authorities may be billed and collected from the lessee. The Company is not aware of any foreign tax obligations as of January 31, 2021 and 2020 that are not reflected in the accompanying consolidated financial statements.

The Company leases its office and warehouse facilities in Canada, Texas, Singapore, United Kingdom, Hungary and Malaysia under operating leases. Facility lease expense for the fiscal years ended January 31, 2021 and 2020 was approximately $1.2 million and $1.2 million, respectively.

Goodwill and Other Intangible Assets

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

8. Goodwill and Other Intangible Assets


	Weighted Average Life at 7/31/2021		July 31, 2021										January 31, 2021
	Weighted Average Life at 7/31/2021		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(7,060	)	$	—

Proprietary rights		6.4	$	8,220	$	(3,920	)	$	—		$	4,300	$	7,781	$	(3,688	)	$	—		$	4,093
Customer relationships		0.4		5,024		(4,748	)		—			276		5,024		(4,513	)		—			511
Patents		3.1		2,440		(1,653	)		—			787		2,440		(1,528	)		—			912
Trade name		4.8		894		(80	)		(760	)		54		894		(74	)		(760	)		60
Developed technology		4.4		1,430		(798	)		—			632		1,430		(727	)		—			703
Other		2.8		684		(278	)		—			406		684		(213	)		—			471

Amortizable intangible assets			$	18,692	$	(11,477	)	$	(760	)	$	6,455	$	18,253	$	(10,743	)	$	(760	)	$	6,750

As of January 31, 2021, the Company has recorded impairment expense equal to 100% of the gross carrying amount of goodwill. As a result, no further review of goodwill is required. On January 31, 2021, the Company completed an annual review of amortizable intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair market value of intangible assets was greater than its carrying value. During the six months ended July 31, 2021, there have been no substantive indicators of impairment.

Aggregate amortization expense was $618,000 and $794,000 for the six months ended July 31, 2021 and 2020, respectively. As of July 31, 2021, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands):


For fiscal years ending January 31
2022	$	588
2023		1,167
2024		1,032
2025		837
2026		700
Thereafter		2,131

Total	$	6,455

11. Goodwill and Other Intangible Assets

Goodwill and other intangible assets from continuing operations consisted of the following:


	Weighted Average Life at 1/31/20		January 31, 2021										January 31, 2020
	Weighted Average Life at 1/31/20		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount

			(in thousands)										(in thousands)
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(4,529	)	$	2,531

Proprietary rights		7.2	$	7,781	$	(3,688	)		—			4,093	$	9,247	$	(4,950	)		—			4,297
Customer relationships		0.8		5,024		(4,513	)		—			511		5,024		(3,831	)		—			1,193
Patents		3.6		2,440		(1,528	)		—			912		2,440		(1,277	)		—			1,163
Trade name		5.3		894		(74	)		(760	)		60		894		(63	)		(760	)		71
Developed technology		4.9		1,430		(727	)		—			703		1,430		(584	)		—			846
Other		3.4		684		(213	)		—			471		653		(87	)		—			566

Amortizable intangible assets			$	18,253	$	(10,743	)	$	(760	)	$	6,750	$	19,688	$	(10,792	)	$	(760	)	$	8,136

As of January 31, 2021, the Company completed its annual review of intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. Based on a review of qualitative and quantitative factors it was determined it was more likely than not that the fair value of our Klein reporting unit was greater than its carrying value. Accordingly, we did not record an impairment charge related to intangible assets in the Seamap and Klein reporting units.

Due to the economic impact of the global pandemic, the decline in oil prices during the three months ended April 30, 2020 and a decline in the market value of the Company’s equity securities, the Company performed a quantitative review of the Seamap reporting unit and concluded that goodwill had been impaired. As a result, the Company recorded an impairment expense of approximately $2.5 million related to goodwill in the Seamap reporting unit during the quarter ended April 30, 2020.

of January 31, 2020, the Company completed its annual review of goodwill and indefinite lived intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. Based on a review of qualitative and quantitative factors it was determined it was more likely than not that the fair value of our Klein reporting unit was not greater than its carrying value. Accordingly, we recorded an impairment of approximately $760,000 related to indefinite lived intangible assets in the Klein reporting unit.

Aggregate amortization expense was $1.8 million, and $1.8 million for the fiscal years ended January 31, 2021 and 2020, respectively. As of January 31, 2021, future estimated amortization expense related to amortizable intangible assets is estimated to be (in thousands):


For fiscal year ending January 31:
2022	$	1,266
2023		1,125
2024		989
2025		828
2026		658
Thereafter		1,884

Total	$	6,750

Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 31, 2021

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

12. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities from continuing operations consisted of the following (in thousands):


	As of January 31,
	2021		2020
Contract settlement	$	968	$	228
Wages and benefits		577		317
Customer deposits		484		239
Accrued inventory		—		229
Other		883		552

Accrued Expenses and Other Liabilities	$	2,912	$	1,565

Notes Payable	6 Months Ended	12 Months Ended
Notes Payable	Jul. 31, 2021	Jan. 31, 2021
Debt Disclosure [Abstract]
Notes Payable	9. Notes Payable On May 5, 2020, the Company, and its wholly owned subsidiary, Klein (collectively, the “Borrowers”), were granted loans (the “Loans”) from Bank of America, N.A. in the aggregate amount of approximately $1.6 million, pursuant to the Small Business Association’s Paycheck Protection Program (the “PPP”), a component of the Coronavirus Aid, Relief, and Economic Security Act which was enacted on March 27, 2020. The Loans, in the form of promissory notes (the “Notes”) dated May 1, 2020 issued by the Borrowers, were set to mature on May 1, 2022 and bore interest at a rate of 1% per annum, payable monthly commencing on November 1, 2020. The Notes stipulated various restrictions customary with this type of transaction including representations, warranties, and covenants, in addition to events of default, breaches of representation and warranties or other provisions of the Notes. In the event of default, the Borrowers would have become obligated to repay all amounts outstanding under the Notes. The Borrowers were permitted to prepay the Notes at any time prior to maturity with no prepayment penalties. Under the terms of the PPP, funds from the Loans could only be used for payroll costs, rent, utilities and interest on other debt obligations incurred prior to February 15, 2020. In addition, certain amounts of the Loans could be forgiven if the funds were used to pay qualifying expenses. In January 2021, the Loan granted to the Company in the amount of approximately $757,000 was forgiven resulting in other income of that amount. In February 2021, the Loan granted to Klein in the amount of approximately $850,000 was also forgiven, resulting in other income of that amount. As of July 31, 2021, the Company had no outstanding balance under the Loans.	13. Notes Payable On May 5, 2020, the Company, and its wholly owned subsidiary, Klein (collectively, the “Borrowers”), were granted loans (the “Loans”) from Bank of America, N.A. in the aggregate amount of approximately $1.6 million, pursuant to the Small Business Association’s Paycheck Protection Program (the “PPP”), a component of the Coronavirus Aid, Relief, and Economic Security Act which was enacted on March 27, 2020. The Loans, in the form of promissory notes (the “Notes”) dated May 1, 2020 issued by the Borrowers, mature on May 1, 2022 and bear interest at a rate of 1% per annum, payable monthly commencing on November 1, 2020. The Notes stipulate various restrictions customary with this type of transaction including representations, warranties, and covenants, in addition to events of default, breaches of representation and warranties or other provisions of the Notes. In the event of default, the Borrowers may become obligated to repay all amounts outstanding under the Notes. The Borrowers may prepay the Notes at any time prior to maturity with no prepayment penalties. Under the terms of the PPP, funds from the Loans may only be used for payroll costs, rent, utilities and interest on other debt obligations incurred prior to February 15, 2020. In addition, certain amounts of the Loan may be forgiven if the funds are used to pay qualifying expenses. In January 2021, the Loan related to the Company in the amount of approximately $757,000 was forgiven resulting in other income of that amount. In February 2021, the Loan related to Klein in the amount of approximately $850,000 was also forgiven resulting in other income of that amount.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Jan. 31, 2021
Equity [Abstract]
Stockholders' Equity	14. Stockholders’ Equity The Company has 2,000,000 shares of preferred stock authorized. The preferred stock may be issued in multiple series with various terms, as authorized by the Company’s Board of Directors. As of January 31, 2021, 1,038,232 shares of the Series A Preferred Stock were outstanding, and 994,046 shares were outstanding as of January 31, 2020. Dividends on the Series A Preferred Stock are cumulative from the date of original issue and payable quarterly on or about the last day of January, April, July and October of each year when, as and if, declared by the Company’s board of directors. Dividends are payable out of amounts legally available therefor at a rate equal to 9.00% per annum per $25.00 of stated liquidation preference per share, or $2.25 per share of Series A Preferred Stock per year. The Company may redeem, at the Company’s option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date. If at any time a change of control occurs, the Company will have the option to redeem the Series A Preferred Stock, in whole or in part, within 120 days after the date on which the change of control occurred by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. The Series A Preferred Stock has no stated maturity, is not subject to any sinking fund or other mandatory redemption and will remain outstanding indefinitely unless repurchased or redeemed by the Company or converted into our common stock in connection with a change of control. Holders of the Series A Preferred Stock generally have no voting rights except for limited voting rights if dividends payable on the outstanding Series A Preferred Stock are in arrears for six or more consecutive or non-consecutive quarterly dividend periods, or if the Company fails to maintain the listing of the Series A Preferred Stock on a national securities exchange for a period continuing for more than 180 days. The Company has 40,000,000 shares of common stock authorized, of which 15,681,000 and 14,049,000 were issued as of January 31, 2021 and 2020, respectively, including 1,929,000 treasury shares. During the fiscal years ended January 31, 2021, and 2020 there were no shares surrendered in exchange for payment of taxes due upon vesting of restricted shares .

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Related Party Transaction	6 Months Ended	12 Months Ended
Related Party Transaction	Jul. 31, 2021	Jan. 31, 2021
Related Party Transactions [Abstract]
Related Party Transaction	12. Related Party Transaction On October 7, 2016, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc. (the “Agent”). On December 18, 2019, the Company and Agent entered into an Amended and Restated equity distribution agreement (the “1st Equity Distribution Agreement”). Pursuant to the 1st Equity Distribution Agreement, the Company may sell up to 500,000 shares of 9.00% Series A Cumulative Preferred Stock, par value $1.00 per share (the “Preferred Stock”), through an at-the-market offering program (the “1st ATM Offering Program”) administered by the Agent. The Co-Chief Executive Officer and Co-President of the Agent is the Non-Executive Chairman of our Board. Under the 1st Equity Distribution Agreement, the Agent was entitled to compensation of up to 2.0% of the gross proceeds from the sale of Preferred Stock under the 1st ATM Offering Program. As of January 31, 2020, we had issued 994,046 shares of Series A Preferred for which the Agent was entitled to compensation, including 100% of the Preferred Stock available for sale through the 1st Equity Distribution Agreement. In September 2020 we entered into a new equity distribution agreement (the “2 nd Equity Distribution Agreement”) with the Agent with economic terms essentially identical to the initial agreement. Pursuant to the 2 nd Equity Distribution Agreement, the Company may sell up to 500,000 shares of Preferred Stock and 5,000,000 shares of $0.01 par value common stock (“Common Stock”) through a new at-the-market offering program (the “2 nd ATM Offering Program”). During the three- and six-month periods ended July 31, 2021, the Company sold 163,780 and 184,740 shares of Preferred Stock under the 2 nd ATM Offering Program, respectively. Net proceeds from these sales for the three and six months ended July 31, 2021, were approximately $4.0 million and $4.5 million, respectively, and the Agent received compensation of approximately $82,000 and 92,000, respectively. The Non-Executive Chairman of the Board received no portion of this compensation. During the three- and six-month periods ended July 31, 2021, the Company sold 362 and 18,415 shares of Common Stock under the 2 nd ATM Offering Program, respectively. Net proceeds from these sales for t he three and six months ended July 31 , 2021 , were approximately $1,000 and $43,000. Compensation to the Agent during this period was approximately $1,000, none of which was received by the Non-Executive Chairman of the Board.	15. Related Party Transaction On October 7, 2016, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc. (the “Agent”). On December 18, 2019, the Company and Agent entered into an Amended and Restated equity distribution agreement (the “1 st Equity Distribution Agreement”). Pursuant to the 1 st Equity Distribution Agreement, the Company may sell up to 500,000 shares of the Series A Preferred Stock through the Agent through the 1 st ATM offering program. The Co-Chief Executive Officer and Co-President of the Agent is the Non-Executive Chairman of the Board. Under the Equity Distribution Agreement, the Agent was entitled to compensation of up to 2.0% of the gross proceeds from the sale of Series A Preferred Stock under the 1 st ATM offering program. As of January 31, 2021, we had issued 994,046 shares which represent 100% of the Series A Preferred Stock available for sale through the 1 st Equity Distribution Agreement. In September 2020 we entered into a new equity distribution agreement (the “2 nd Equity Distribution Agreement”) with the Agent with economic terms essentially identical to the initial agreement. Pursuant to the 2 nd Equity Distribution Agreement, the Company may sell up to 500,000 shares of Preferred Stock and 5,000,000 shares of $0.01 par value common stock (“Common Stock”) through the 2 nd ATM offering program. For the twelve months ended January 31, 2021, the Company issued 44,186 shares of Series A Preferred Stock under the 2 nd ATM offering program. Gross proceeds from these sales were approximately $1.0 million and the Agent received compensation of approximately $20,408, resulting in net proceeds to the Company of $1.0 million for the twelve months ended January 31, 2021. The Non-Executive Chairman of the Company received no portion of this compensation. For the twelve months ended January 31, 2021, the Company issued 1,584,556 shares of Common Stock under the 2 nd ATM offering program. Gross proceeds from these sales were approximately $4.0 million, the Agent received compensation of approximately $79,307 resulting in net proceeds to the Company, after deducting underwriting discounts and offering costs, of approximately $3.6 million for the twelve months ended January 31, 2021. The Non-Executive Chairman of the Company received no portion of this compensation. At January 31, 2021, the Company has an outstanding obligation payable to the beneficiary of the estate of our former CEO. The obligation, which bears interest at 4% per annum, totals approximately $968,000 and is included in accrued expenses and other current liabilities on the Company’s Consolidated Balance Sheet as of January 31, 2021.

Income Taxes

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

For the six months ended July 31, 2021, the income tax expense from continuing operations was approximately $52,000 on a

pre-tax

net loss from continuing operations of $6.4 million. For the six months ended July 31, 2020, the benefit for income taxes from continuing operations was approximately $188,000 on a

pre-tax

net loss from continuing operations of $8.5 million. The variance between our actual provision and the expected provision based on the U.S. statutory rate is due primarily to recording valuation allowances against the increase in our deferred tax assets in the respective periods, permanent differences between book income and taxable income, and the effect of foreign withholding taxes.

The Company files U.S. federal and state income tax returns as well as separate returns for its foreign subsidiaries within their local jurisdictions. The Company’s U.S. federal tax returns are subject to examination by the Internal Revenue Service for fiscal years ended January 31, 2018 through 2021. The Company’s tax returns may also be subject to examination by state and local tax authorities for fiscal years ended January 31, 2016 through 2021. In addition, the Company’s tax returns filed in foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2016 through 2021.

The Company has determined that the undistributed earnings of foreign subsidiaries are not deemed to be indefinitely reinvested outside of the United States as of July 31, 2021. Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of July 31, 2021.

For the six months ended July 31, 2021 and 2020, the Company did not recognize any tax expense or benefit related to uncertain tax

positions.

16. Income Taxes


	Year Ended January 31,
	2021			2020

	(in thousands)
(Loss) income from continuing operations before income taxes is attributable to the following jurisdictions:

Domestic	$	(8,851	)	$	(7,550	)
Foreign		(4,615	)		1,360

Total	$	(13,466	)	$	(6,190	)

The components of income tax expense (benefit) for continuing operations were as follows:
Current:
Domestic	$	22		$	27
Foreign		515			58

		537			85
Deferred:
Domestic		—			—
Foreign		(1	)		268

		(1	)		268

Income tax expense	$	536		$	353

The following is a reconciliation of expected to actual income tax expense (benefit) for continuing o

perations:


	Year Ended January 31,
	2021			2020

	(in thousands)
Federal income tax at 21%	$	(2,828	)	$	(1,300	)
Changes in tax rates		(50	)		50
Permanent differences		413			52
Foreign effective tax rate differential		66			(80	)
Foreign withholding taxes, including penalties and interest		29			34
Tax effect of book loss on disposition of subsidiaries		—			79
Valuation allowance on deferred tax assets		2,682			1,205
Excess tax deficiency for share-based payments under ASU 2016-09		66			284
Other		158			29

	$	536		$	353

The components of the Company’s deferred taxes for continuing operations consisted of the following:


	As of January 31,
	2021			2020

	(in thousands)
Deferred tax assets:
Net operating losses	$	17,177		$	13,716
Tax credit carry forwards		139			117
Stock option book expense		718			650
Allowance for doubtful accounts		—			229
Inventory		565			525
Accruals not yet deductible for tax purposes		281			357
Fixed assets		232			105
Intangible assets		445			337
Other		599			561

Gross deferred tax assets		20,156			16,597
Valuation allowance		(20,156	)		(16,597	)

Deferred tax assets		—			—
Deferred tax liabilities:
Other		(198	)		(200	)

Deferred tax liabilities		(198	)		(200	)
Unrecognized tax benefits		—			—

Total deferred tax (liabilities) assets, net		(198	)	$	(200	)

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the global pandemic. The CARES Act, among other things, permits NOL carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The Company does not believe the CARES Act will have a material impact on the Company’s future income tax expense or the related tax assets and liabilities.

The Company has determined that, due to the potential requirement for additional investment and working capital to achieve its objectives, the undistributed earnings of foreign subsidiaries as of January 31, 2021, are not deemed indefinitely reinvested outside of the United States. Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial, particularly in light of the

one-time

repatriation of foreign earnings imposed by the TCJA and recorded in fiscal 2019. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of January 31, 2021.

Included in deferred tax assets is approximately $700,000 related to stock-based compensation, including

non-qualified

stock options. A significant number of stock options expired during fiscal 2021 because the market price of the Company’s common stock remained below the exercise price of these options. Recent market prices for the Company’s common stock remain below the exercise price of a number of options outstanding as of January 31, 2021. Should the market price of the Company’s common stock remain below the exercise price of the options, these stock options will expire without exercise. In accordance with the provisions of ASC

718-740-10,

a valuation allowance has not been computed based on the decline in stock price.

As of January 31, 2021, the Company has recorded valuation allowances of approximately $20.2

million related to deferred tax assets for continuing operations. These deferred tax assets relate primarily to net operating loss carryforwards in the United States and other jurisdictions. The valuation allowances were determined based

on management’s judgment as to the likelihood that the deferred tax assets would not be realized. The judgment was based on an evaluation of available evidence, both positive and negative.

At January 31, 2021, the Company

had tax credit carry forwards for continuing operations of approximately $139,000, which amounts can be carried forward through at least 2026.

As of January 31, 2021, and 2020 the company had no unrecognized tax benefits attributable to uncertain tax positions.

The Company recognizes interest and penalties related to income tax matters as a component of income tax expense.

The Company files U.S. federal income tax returns as well as separate returns for its foreign subsidiaries within their local jurisdictions. The Company’s U.S. federal tax returns are subject to examination by the IRS for fiscal years ended January 31, 2017 through 2021. The Company’s tax returns may also be subject to examination by state and local revenue authorities for fiscal years ended January 31, 2015 through 2021. The Company’s Singapore income tax returns are subject to examination by the Singapore tax authorities for fiscal years ended January 31, 2015 through 2021. The Company’s tax returns in other foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2015 through January 31, 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jan. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies During fiscal 2021 we entered into an agreement (the “Agreement”) with a major European defense contractor (the “Co-developer”) for the joint development and marketing of synthetic aperture sonar (“SAS”) systems. Under the terms of the Agreement, we are obligated to make payments upon completion of certain developmental milestones related to a license for use of the Co-developer’s underlying technology. Our total potential commitment, assuming achievement of all milestones contemplated in the Agreement, is approximately $1.6 million, of which approximately $300,000 was paid in January 2021. Purchase Obligations —At January 31, 2021, the Company had approximately $3.9 million in purchase orders outstanding.

Stock Option Plans

12 Months Ended

Jan. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock Option Plans

18. Stock Option Plans

At January 31, 2021, the Company had stock-based compensation plans as described in more detail below. The total compensation expense related to stock-based awards granted under these plans during the fiscal years ended January 31, 2021 and 2020 was approximately $708,000 and $854,000, respectively. The Company recognizes stock-based compensation costs net of a forfeiture rate for only those awards expected to vest over the requisite service period of the award. The Company estimates the forfeiture rate based on its historical experience regarding employee terminations and forfeitures.

The fair value of each option award is estimated as of the date of grant using a Black-Scholes-Merton option pricing formula. Expected volatility is based on historical volatility of the Company’s stock over a preceding period commensurate with the expected term of the option. The expected term is based upon historical exercise patterns. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend yield was not considered in the option pricing formula since the Company does not pay dividends and has not paid any dividends since its incorporation. The weighted average grant-date fair value of options granted during the fiscal years ended January 31, 2021 and 2020 were $0.70 and $1.77, respectively. The assumptions for the periods indicated are noted in the following table.

Weighted average Black-Scholes-Merton fair value assumptions


	Year Ending January 31,
	2021	2020
Risk free interest rate	0.34% - 0.37%	1.47% - 2.53%
Expected life	3.97 years - 5.97 years	3.98 years - 6.00 years
Expected volatility	53% - 64%	49% - 51%
Expected dividend yield	0.0%	0.0%

Cash flows resulting from tax benefits attributable to tax deductions in excess of the compensation expense recognized for those options (excess tax benefits) are classified as financing

out-flows

and operating

in-flows.

The Company had no excess tax benefits during the fiscal years ended January 31, 2021 and 2020.

The Company has share-based awards outstanding under, the MIND Technology, Inc. Stock Awards Plan (“the Plan”). Stock options granted and outstanding under the Plan generally vest evenly over three years and have a

10-year

contractual term. The exercise price of a stock option generally is equal to the fair market value of the Company’s common stock on the option grant date. As of January 31, 2021, there were approximately 615,000 shares available for grant under the Plan. The Plan provides for awards of nonqualified stock options, incentive stock options, restricted stock awards, restricted stock units and phantom stock. New shares are issued upon vesting for restricted stock and upon exercise for options.

Stock Based Compensation Activity

The following table presents a summary of the Company’s stock option activity for the fiscal year ended January 31, 2021:


	Number of Shares (in thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding, January 31, 2020		2,440		$	4.51		7.08	$	20
Granted		320			1.47
Exercised		—			—
Forfeited		(41	)		4.63
Expired		(133	)		5.31

Outstanding, January 31, 2021		2,586		$	4.09		6.58	$	223

Exercisable at January 31, 2021		1,778		$	4.63		5.71	$	—
Vested and expected to vest at January 31, 2021		2,562		$	4.12		6.55	$	213

The aggregate intrinsic value in the table above represents the total

pre-tax

intrinsic value (the difference between the Company’s closing stock price on the last trading day of the fourth quarter of fiscal 2021 and the exercise price, multiplied by the number of

in-the-money

options) that would have been received by the option holders had all option holders exercised their options on January 31, 2021. This amount changes based upon the market value of the Company’s common stock. No options were exercised during fiscal year ended January 31, 2021. There was no intrinsic value of the 9,000 options exercised during the fiscal year ended January 31, 2020. The fair value of options that vested during the fiscal years ended January 31, 2021 and 2020 was approximately $950,000 and $650,000, respectively. For the fiscal year ended January 31, 2021, approximately 500,000 options vested.

As of January 31, 2021, there was approximately $482,228 of total unrecognized compensation expense related to unvested stock options granted under the Company’s share-based compensation plans. That expense is expected to be recognized over a weighted average period of 1.3 years.

Restricted stock as of January 31, 2021 and changes during the fiscal year ended January 31, 2021 were as follows:


	Year Ended January 31, 2021
	Number of Shares (in thousands)			Weighted Average Grant Date Fair Value
Unvested, beginning of period		37		$	3.98
Granted		15			1.25
Vested		(12	)		3.98
Canceled		—			—

Unvested, end of period		40		$	2.94

As of January 31, 2021, there was approximately no unrecognized stock-based compensation expense related to unvested restricted stock awards.

Segment Reporting	6 Months Ended	12 Months Ended
Segment Reporting	Jul. 31, 2021	Jan. 31, 2021
Segment Reporting [Abstract]
Segment Reporting	14. Segment Reporting With the designation of the Equipment Leasing segment as discontinued operations as of July 31, 2020, the Company operates in one segment, Marine Technology Products. As a result, no segment reporting is required. The Marine Technology Products business is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the states of New Hampshire and Texas.	19. Segment Reporting With the designation of the Equipment Leasing segment as discontinued operations as of July 31, 2020, the Company operates in one segment, Marine Technology Products. The Marine Technology Products business is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the states of New Hampshire and Texas.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Corporate Restructuring	6 Months Ended	12 Months Ended
Corporate Restructuring	Jul. 31, 2021	Jan. 31, 2021
Restructuring and Related Activities [Abstract]
Corporate Restructuring	15. Corporate Restructuring On August 3, 2020, the Company, formerly Mitcham Industries, Inc., completed the reincorporation from the State of Texas to the State of Delaware, including a name change to MIND Technology, Inc. The change in legal domicile and company name were approved by the affirmative vote of the holders of more than two-thirds of the votes of the Company’s Common Stock and Preferred Stock, voting separately, at the Annual Meeting of Stockholders held on July 27, 2020. As part of the reincorporation merger, the stockholders approved an increase in the number of authorized shares of capital stock from 21,000,000 shares to 42,000,000 shares, consisting of (i) 40,000,000 shares of Common Stock (up from 20,000,000 shares), and (ii) 2,000,000 shares of Preferred Stock (up from 1,000,000 shares). Pursuant to the terms of the reincorporation merger, each outstanding share of Common Stock and each share of Preferred Stock of Mitcham Industries, Inc., the Texas corporation, automatically converted into one share of Common Stock and one share of Series A Preferred Stock, respectively, of MIND Technology, Inc., the Delaware corporation. Stockholders who hold physical stock certificates are not required to, but may, exchange stock certificates as a result of the reincorporation. The Company’s Common Stock and Preferred Stock continued to trade on the NASDAQ Global Select Market under their ticker symbols, “MIND” and “MINDP”, respectively. The Company’s Common Stock was assigned a new CUSIP number of 602566 101 and the Company’s Preferred Stock was assigned a new CUSIP number of 602566 200. No changes were made to the Board, management, business or operations of the Company as a result of the reincorporation. The Company’s corporate headquarters remains in Texas.	20. Corporate Restructuring On August 3, 2020, the Company, formerly Mitcham Industries, Inc., completed the reincorporation from the State of Texas to the State of Delaware, including a name change to MIND Technology, Inc. The change in legal domicile and company name were approved by the affirmative vote of the holders of more than two-thirds of the votes of the Company’s Common Stock and Preferred Stock, voting separately, at the Annual Meeting of Stockholders held on July 27, 2020. As part of the reincorporation merger, the stockholders approved an increase in the number of authorized shares of capital stock from 21,000,000 shares to 42,000,000 shares, consisting of (i) 40,000,000 shares of Common Stock (up from 20,000,000 shares), and (ii) 2,000,000 shares of Preferred Stock (up from 1,000,000 shares). Pursuant to the terms of the reincorporation merger, each outstanding share of Common Stock and each share of Preferred Stock of Mitcham Industries, Inc., the Texas corporation, automatically converted into one share of Common Stock and one share of Series A Preferred Stock, respectively, of MIND Technology, Inc., the Delaware corporation. Stockholders who hold physical stock certificates are not required to, but may, exchange stock certificates as a result of the reincorporation. The Company’s Common Stock and Preferred Stock continued to trade on the NASDAQ Global Select Market under their ticker symbols, “MIND” and “MINDP”, respectively. The Company’s Common Stock was assigned a new CUSIP number of 602566 101 and the Company’s Preferred Stock was assigned a new CUSIP number of 602566 200. No changes have been made to the Board, management, business or operations of the Company as a result of the reincorporation. The Company’s corporate headquarters remains in Texas.

Concentrations	12 Months Ended
Concentrations	Jan. 31, 2021
Risks and Uncertainties [Abstract]
Concentrations	21. Concentrations Credit Risk —As of January 31, 2021, we had three customers that exceeded 10% of consolidated accounts receivable. During our fiscal year ended 2020, no customer exceeded 10% of consolidated accounts receivable. The Company maintains deposits and certificates of deposit with banks which may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit and money market accounts which are not FDIC insured. In addition, deposits aggregating approximately $2.8 million at January 31, 2021 are held in foreign banks. Management believes the risk of loss in connection with these accounts is minimal. Supplier Concentration —The Company has satisfactory relationships with its suppliers. However, should those relationships deteriorate, the Company may have difficulty in obtaining new technology requested by its customers and maintaining the existing equipment in accordance with manufacturers’ specifications.

Sales and Major Customers

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Sales and Major Customers

22. Sales and Major Customers

A summary of the Company’s revenues, from continuing operations, from customers by geographic region, outside the U.S., is as follows (in thousands):


	Year Ended January 31,
	2021		2020
UK/Europe	$	8,005	$	14,975
Canada		1,267		3,519
Latin America		—		262
Asia/South Pacific		6,523		5,377
Eurasia		507		290
Other		1,226		1,576

Total	$	17,528	$	25,999

During each of the fiscal years ended 2021 and 2020, no individual customer exceeded 10% of total revenue.

Sale of Subsidiary	12 Months Ended
Sale of Subsidiary	Jan. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Sale of Subsidiary	23. Sale of Subsidiary In February 2019, the Company completed the sale of its wholly owned Australian subsidiary, Seismic Asia Pacific Pty Ltd. for total contractual proceeds of approximately $660,000 U.S. dollars of which the Company received approximately $240,000 in cash at closing and an unsecured, non-interest bearing two-year note receivable in the amount of $420,000. The agreement also included a working capital adjustment of approximately $114,000 payable to the Company which was received in August of 2019. In fiscal 2021, the Company received a payment of approximately $124,000 that was applied against the note receivable. The note receivable is recorded in other current assets as of January 31, 2021, and in other non-current assets as of January 31, 2020.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II

MIND TECHNOLOGY, INC.

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


Col. A	Col. B		Col. C(1)		Col. C(2)			Col. D			Col. E
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts			Deductions Describe			Balance at End of Period
Allowance for doubtful accounts

January 31, 2021	$	4,054		1,129		(43)	(a)		(3,364	) (b)	$	1,776
January 31, 2020	$	2,113		2,000		—	(a)		(59	) (b)	$	4,054
Allowance for obsolete equipment and inventory
January 31, 2021	$	1,404		321		1	(a)		(66	) (c)	$	1,660
January 31, 2020	$	1,222		298		1	(a)		(117	) (c)	$	1,404

(a)	Represents translation differences.

(b)	Represents recoveries and uncollectible accounts written off.

(c)	Represents sale or scrap of inventory and obsolete equipment.

Equity and Stock-Based Compensation	6 Months Ended
Equity and Stock-Based Compensation	Jul. 31, 2021
Equity [Abstract]
Equity and Stock-Based Compensation	13. Equity and Stock-Based Compensation During the three months ended July 31, 2021, the Board declared quarterly dividends of $0.5625 per share for our Preferred Stock. As of July 31, 2021, there are 1,223,000 shares of Preferred Stock outstanding with an aggregate liquidation preference of approximately $30.6 million. Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three and six months ended July 31, 2021 was approximately $115,000 and $224,000, respectively, and during the three and six months ended July 31, 2020 was approximately $219,000 and $449,000, respectively.

Earnings per Share

6 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Earnings per Share

11. Earnings per Share

Net income per basic common share is computed using the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Net income per diluted common share is

computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period using the treasury stock method. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect and from

the

assumed vesting of unvested shares of restricted stock.

The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)				(in thousands)
Basic weighted average common shares outstanding		13,774		12,182		13,767		12,177
Stock options		79		3		58		1
Unvested restricted stock		29		10		18		5

Total weighted average common share equivalents		108		13		76		6

Diluted weighted average common shares outstanding		13,882		12,195		13,843		12,183

For the three and six months ended July 31, 2021 and 2020, potentially dilutive common shares underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Subsequent Event	6 Months Ended
Subsequent Event	Jul. 31, 2021
Subsequent Events [Abstract]
Subsequent Event	16. Subsequent Event Subsequent to July 31,2021, we completed an agreement for the sale of lease pool equipment reported as Assets Held for Sale (see Note 3—“Assets Held for Sale and Discontinued Operations” for additional details) in our condensed consolidated financial statements. Under the terms of the agreement the Company will receive total proceeds of approximately $4.5 million, with approximately $2.5 million paid at closing and the balance of approximately $2.0 million paid before the end of fiscal 2022.

Organization and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

Revenue Recognition of Marine Technology Product Sales, Long-term Projects, and Service Agreements

Revenue Recognition of Marine Technology Product Sales

Revenue Recognition of Long-term Projects

Revenue Recognition of Service Agreements

—In some cases the Company provides

on-going

Revenue Recognition of Leasing Arrangements

—

“Assets Held for Sale and Discontinued Operations” for additional details).

Allowance for Doubtful Accounts

—Trade receivables are uncollateralized customer obli

gation

written-off

when collection is deemed unlikely. Past due amounts are determined based on contractual terms. The Company generally does not charge interest on past due accounts.

Cash and Cash Equivalents

—The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents.

Short-term Investments

Short-term Investments—

The Company considers all highly liquid investments with an original maturity greater than three months, but less than twelve months, to be short-term investments.

Inventories

Property and Equipment

Intangible Assets

15-year

period. Customer relationships are amortized over an eight-year period. Patents are amortized over an eight to

ten-year

period.

Impairment

Product Warranties

Income Taxes

•

projected taxable income in future years;

•

our history of taxable income within a particular jurisdiction;

•

any history of deferred tax assets expiring prior realization;

•

whether the carry forward period is so brief that it would limit realization of tax benefits;

•

other limitations on the utilization of tax benefits;

•

future sales and operating cost projections that will produce more than enough taxable income to realize the deferred tax asset based on existing sales prices and cost structures;

•

our earnings history exclusive of the loss that created the future deductible amount coupled with evidence indicating that the loss is an aberration rather than a continuing condition; and

•

tax planning strategies that will create additional taxable income.

Use of Estimates

Fair Value of Financial Instruments

—

The Company’s financial instruments consist of accounts and contracts receivable and accounts payable.

•

Foreign Currency Translation

Stock-Based Compensation

Earnings Per Share


	Year Ended January 31,
	2021		2020

	(in thousands)
Stock options		48		79
Restricted stock		17		3

Total dilutive shares		65		82

Reclassifications

—Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on the results of operations or comprehensive income.

New Accounting Pronouncements

In February 2016, the FASB issued ASU

No. 2016-02,

Leases (Topic 842), which requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Qualitative and quantitative disclosures are required, and optional practical expedients may be elected. This ASU is effective for the annual period beginning after December 15, 2018, including interim periods within that annual period. Subsequent amendments to the initial guidance have been issued in January 2017, January 2018, and July 2018 within ASU No. 201703, ASU

No. 2018-01,

ASU

No. 2018-10,

and ASU

No. 2018-11

regarding qualitative disclosures, optional practical expedients, codification improvements and an optional transition method to adopt with a cumulative-effect adjustment versus a modified retrospective approach. These updates do not change the core principle of the guidance under ASU

No. 2016-02,

but rather provide implementation guidance. The Company adopted the accounting standard as of February 1, 2019, using the cumulative-effect transition method, which applies the guidance at the beginning of the period of adoption. The Company elected the package of practical expedients permitted, which, among other things, allowed the Company to carry forward the historical lease classification. In addition, the Company made the accounting

policy elections to not recognize lease assets and lease liabilities with an initial term of 12 months or less and to not separate lease and

non-lease

components. The impact of adoption on the Company’s consolidated balance sheet was the recognition of a ROU asset of $3.0 million and an operating lease liability of $3.0 million, primarily for office and shop space leases that are currently

off-balance

sheet. The adoption did not have a material impact on its results of operations nor any material impact

its cash flows.

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Restricted Stock and Options Outstanding Used in Per Share Calculations

For the fiscal years ended January 31, 2021 and 2020, the following table sets forth the number of potentially dilutive shares that may be issued pursuant to options, restricted stock and warrants outstanding used in the per share calculations.


	Year Ended January 31,
	2021		2020

	(in thousands)
Stock options		48		79
Restricted stock		17		3

Total dilutive shares		65		82

Assets Held for Sale and Discontinued Operations (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations, Including Balance Sheet, Income Statement, Cash Flow, and Additional Disclosures

The assets reported as held for sale consist of the following:


	July 31, 2021		January 31, 2021
Current assets of discontinued operations:
Accounts receivable, net		1,151		1,668
Inventories, net		68		352
Prepaid expenses and other current assets		120		150
Seismic equipment lease pool and property and equipment, net		1,973		2,151

Total assets of discontinued operations	$	3,312	$	4,321

The liabilities reported as held for sale consist of the following:


	July 31, 2021		January 31, 2021
Current liabilities of discontinued operations:
Accounts payable	$	21	$	59
Deferred revenue		73		73
Accrued expenses and other current liabilities		611		831

Total liabilities of discontinued operations		705		963

The results of operations from discontinued operations for the three and six months ended

July

31, 2021 and 2020, consist of the following:


	For the Three Months Ended July 31,						For the Six Months Ended July 31,
	2021			2020			2021			2020
Revenues:

Revenue from discontinued operations	$	757		$	1,230		$	787		$	5,418

Cost of sales:
Cost of discontinued operations		332			1,642			705			4,126
Operating expenses:
Selling, general and administrative		378			1,476			720			3,176
Provision for doubtful accounts		(2	)		470			(445	)		470
Depreciation and amortization		2			41			3			85

Total operating expenses		378			1,987			278			3,731

Operating income (loss)		47			(2,399	)		(196	)		(2,439	)
Other income (expenses)		35			72			(4	)		75
Loss on disposal (including $2,745 of cumulative translation loss)		—			(1,859	)		—			(1,859	)

Income (loss) before income taxes		82			(4,186	)		(200	)		(4,223	)
Provision for income taxes		(3	)		(522	)		(4	)		(700	)

Net income (loss)		79			(4,708	)		(204	)		(4,923	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:


	For the Six Months Ended July 31,
	2021			2020
Depreciation and amortization	$	—		$	1,771
Gross profit from sale of lease pool equipment	$	—		$	(1,324	)
(Recovery) provisions for doubtful accounts	$	(445	)	$	470
Loss on disposal of discontinued operations	$	—		$	1,859
Sale of used lease pool equipment	$	—		$	1,988
Sale of assets held for sale	$	1,245		$	—

The assets reported as held for sale consist of the following:


	As of January 31,
	2021		2020
Current assets of discontinued operations:
Accounts receivable, net		1,668		5,699
Inventories, net		352		605
Prepaid expenses and other current assets		150		227
Seismic equipment lease pool and property and equipment, net		2,151		8,382

Total assets of discontinued operations	$	4,321	$	14,913

The liabilities reported as held for sale consist of the following:


	As of January 31,
	2021		2020
Current liabilities of discontinued operations:
Accounts payable	$	59	$	884
Deferred revenue		73		34
Accrued expenses and other current liabilities		831		1,886
Income taxes payable		479		(74	)

Total liabilities of discontinued operations	$	1,442	$	2,730

The results of operations from discontinued operations for the twelve months ended January 31, 2021 and 2020, consist of the following:


	Twelve Months Ended January 31,
	2021			2020
Revenues:
Revenue from discontinued operations	$	5,747		$	12,756

Cost of sales:
Cost of discontinued operations		4,537			9,089
Operating expenses:
Selling, general and administrative		4,589			5,576
Provision for doubtful accounts		470			2,000
Depreciation and amortization		132			176

Total operating expenses		5,191			7,752

Operating loss		(3,981	)		(4,085	)
Other income (expenses)		201			(134	)
Loss on disposal (including $2,745 of cumulative translation loss)		(1,859	)		—

Loss before income taxes		(5,639	)		(4,219	)
Provision for income taxes		(665	)		(525	)

Net loss		(6,304	)		(4,744	)

The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below:


	As of January 31,
	2021			2020
Depreciation and amortization	$	1,830		$	4,818
Gross profit from sale of lease pool equipment	$	(1,326	)	$	(1,145	)
Provisions for doubtful accounts	$	470		$	2,000
Loss on disposal of discontinued operations	$	1,859		$	—
Sale of used lease pool equipment	$	2,010		$	1,415
Sale of assets held for sale	$	1,506		$	—
Purchase of seismic equipment held for lease	$	(110	)	$	(2,955	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 205
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
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-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Revenue from Contracts with Customers (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)
Revenue recognized at a point in time:
Seamap	$	5,256	$	3,881	$	8,169	$	5,870
Klein		1,406		1,004		2,556		2,002

Total revenue recognized at a point in time	$	6,662	$	4,885	$	10,725	$	7,872

Revenue recognized over time:
Seamap	$	145	$	201	$	276	$	401

Total revenue recognized over time		145		201		276		401

Total revenue from contracts with customers	$	6,807	$	5,086	$	11,001	$	8,273

The following table

presents

revenue from contracts with customers disaggregated by

geography

, based on shipping location of our customers:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)
United States	$	219	$	686	$	578	$	1,786
Europe		3,520		1,604		6,102		2,980
Middle East & Africa		675		221		689		297
Asia-Pacific		2,188		2,222		2,893		2,499
Canada & Latin America		205		353		739		711

Total revenue from contracts with customers	$	6,807	$	5,086	$	11,001	$	8,273

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition:


	Twelve Months Ended January 31,
	2021		2020

	(in thousands)
Revenue recognized at a point in time:
Seamap	$	16,304	$	21,617
Klein		4,145		7,468
SAP		—		101

Total revenue recognized at a point in time	$	20,449	$	29,186

Revenue recognized over time:
Seamap	$	766	$	733
Klein		—		—
SAP		—		—

Total revenue recognized over time		766		733

Total revenue from contracts with customers	$	21,215	$	29,919

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers:


	Twelve Months Ended January 31,
	2021		2020

	(in thousands)
Revenue from contracts with customers:
United States	$	3,687	$	3,920
Europe, Russia & CIS		8,512		15,262
Middle East & Africa		1,226		1,576
Asia-Pacific		6,523		5,377
Canada & Latin America		1,267		3,784

Total revenue from contracts with customers	$	21,215	$	29,919

Contract with Customer, Asset and Liability

As of July 31, 2021, and January 31, 2021, contract assets and liabilities consisted of the following:


	July 31 , 2021		January 31, 2021

	(in thousands)
Contract Assets:
Unbilled revenue — current	$	106	$	85

Total unbilled revenue	$	106	$	85

Contract Liabilities:
Deferred revenue & customer deposits — current	$	399	$	691

Total deferred revenue & customer deposits	$	399	$	691

As of January 31, 2021, contract assets and liabilities consisted of the following:


	January 31, 2021		January 31, 2020

	(in thousands)
Contract Assets:
Unbilled revenue-current	$	85	$	13
Unbilled revenue - non-current		—		—

Total unbilled revenue	$	85	$	13

Contract Liabilities:
Deferred revenue & customer deposits — current	$	691	$	220
Deferred revenue & customer deposits — non-current		—		12

Total deferred revenue & customer deposits	$	691	$	232

Balance Sheet - Continuing Operations (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable


	As of July 31, 2021			As of January 31, 2021

	(in thousands)
Accounts receivable	$	5,581		$	5,695
Less allowance for doubtful accounts		(481	)		(948	)

Accounts receivable net of allowance for doubtful accounts	$	5,100		$	4,747

Accounts receivables from continuing operations consisted of the following (in thousands):


	As of January 31, 2021						As of January 31, 2020
	Current			Total			Current			Total
Accounts receivable	$	5,695		$	5,695		$	9,001		$	9,001
Less allowance for doubtful accounts		(948	)		(948	)		(2,378	)		(2,378	)

Accounts receivable net of allowance for doubtful accounts	$	4,747		$	4,747		$	6,623		$	6,623

Schedule of Inventories


	July 31, 2021			January 31, 2021

	(in thousands)
Inventories:
Raw materials	$	7,468		$	6,905
Finished goods		3,455			3,466
Work in progress		2,404			2,445

		13,327			12,816
Less allowance for obsolescence		(1,399	)		(1,363	)

Total inventories, net	$	11,928		$	11,453

Inventories from continuing operations consisted of the following (in thousands):


	As of January 31,
	2021			2020
Raw materials	$	6,905		$	7,388
Finished goods		3,466			3,758
Work in progress		2,445			2,720

Cost of inventories		12,816			13,866
Less allowance for obsolescence		(1,363	)		(1,210	)

Net inventories	$	11,453		$	12,656

Schedule of Seismic Equipment Lease Pool and Property and Equipment


	July 31, 2021			January 31, 2021

	(in thousands)
Property and equipment:
Marine seismic service equipment	$	4,157		$	5,969
Land and buildings		4,422			4,354
Furniture and fixtures		9,899			9,750
Autos and trucks		491			491

		18,969			20,564
Accumulated depreciation and amortization		(14,529	)		(15,813	)

Total property and equipment, net	$	4,440		$	4,751

Property and equipment from continuing operations consisted of the following (in thousands)


	As of January 31,
	2021			2020
Marine seismic service equipment		5,969			8,341
Land and buildings		4,354			4,274
Furniture and fixtures		9,750			9,364
Autos and trucks		491			491

Cost of property and equipment		20,564			22,470
Less accumulated depreciation		(15,813	)		(17,051	)

Net book value of property and equipment	$	4,751		$	5,419

Supplemental Statements of Cash Flows Information (Tables)

12 Months Ended

Jan. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures of Cash Flows Information

Supplemental disclosures of cash flows information for the fiscal years ended January 31, 2021 and 2020 were as follows (in thousands):


	Year Ended January 31,
	2021		2020
Interest paid	$	40	$	63
Income taxes paid, net		336		498
Seismic equipment purchases included in accounts payable at year-end		—		812

Inventories (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventories


	July 31, 2021			January 31, 2021

	(in thousands)
Inventories:
Raw materials	$	7,468		$	6,905
Finished goods		3,455			3,466
Work in progress		2,404			2,445

		13,327			12,816
Less allowance for obsolescence		(1,399	)		(1,363	)

Total inventories, net	$	11,928		$	11,453

Inventories from continuing operations consisted of the following (in thousands):


	As of January 31,
	2021			2020
Raw materials	$	6,905		$	7,388
Finished goods		3,466			3,758
Work in progress		2,445			2,720

Cost of inventories		12,816			13,866
Less allowance for obsolescence		(1,363	)		(1,210	)

Net inventories	$	11,453		$	12,656

Accounts Receivables (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Receivables [Abstract]

Schedule of Accounts Receivable


	As of July 31, 2021			As of January 31, 2021

	(in thousands)
Accounts receivable	$	5,581		$	5,695
Less allowance for doubtful accounts		(481	)		(948	)

Accounts receivable net of allowance for doubtful accounts	$	5,100		$	4,747

Accounts receivables from continuing operations consisted of the following (in thousands):


	As of January 31, 2021						As of January 31, 2020
	Current			Total			Current			Total
Accounts receivable	$	5,695		$	5,695		$	9,001		$	9,001
Less allowance for doubtful accounts		(948	)		(948	)		(2,378	)		(2,378	)

Accounts receivable net of allowance for doubtful accounts	$	4,747		$	4,747		$	6,623		$	6,623

Property and Equipment (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment


	July 31, 2021			January 31, 2021

	(in thousands)
Property and equipment:
Marine seismic service equipment	$	4,157		$	5,969
Land and buildings		4,422			4,354
Furniture and fixtures		9,899			9,750
Autos and trucks		491			491

		18,969			20,564
Accumulated depreciation and amortization		(14,529	)		(15,813	)

Total property and equipment, net	$	4,440		$	4,751

Property and equipment from continuing operations consisted of the following (in thousands)


	As of January 31,
	2021			2020
Marine seismic service equipment		5,969			8,341
Land and buildings		4,354			4,274
Furniture and fixtures		9,750			9,364
Autos and trucks		491			491

Cost of property and equipment		20,564			22,470
Less accumulated depreciation		(15,813	)		(17,051	)

Net book value of property and equipment	$	4,751		$	5,419

Location of Property and Equipment

Location of property and equipment (in thousands):


	As of January 31,
	2021		2020
United States	$	3,133	$	3,379
Europe		87		78
Singapore		480		773
Malaysia		1,051		1,189

Net book value of property and equipment	$	4,751	$	5,419

Leases (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Leases [Abstract]

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases as of July 31, 2021 and January 31, 2021 were as follows (in thousands):


Lease	July 31, 2021		January 31, 2021
Assets
Operating lease assets	$	1,568	$	1,471

Liabilities
Operating lease liabilities	$	1,568	$	1,471

Classification of lease liabilities
Current liabilities	$	567	$	1,008
Non-current liabilities		1,001		463

Total Operating lease liabilities	$	1,568	$	1,471

Lease-term and discount rate details as of July 31, 2021 and January 31, 2021 were as follows:


Lease term and discount rate	July 31, 2021			January 31, 2021
Weighted average remaining lease term (years)
Operating leases		1.26			1.09
Weighted average discount rate:
Operating leases		9.36	%		10	%

Supplemental balance sheet information related to leases as of January 31, 2021 and 2020 was as follows (in thousands):


	As of January 31,
Lease	2021		2020
Assets
Operating lease assets	$	1,471	$	2,300
Liabilities
Operating lease liabilities	$	1,471	$	2,300
Classification of lease liabilities
Current liabilities	$	1,008	$	1,339
Non-current liabilities		463		961

Total Operating lease liabilities	$	1,471	$	2,300

Lease-term and discount rate details as of January 31, 2021 and 2020 were as follows:


	As of January 31,
Lease term and discount rate	2021			2020
Weighted average remaining lease term (years)
Operating leases		1.09			1.76
Weighted average discount rate:
Operating leases		10	%		9.27	%

Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows (in thousands):


Lease	Six Months Ended July 31, 2021			Six Months Ended July 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(600	)	$	(514	)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	600		$	514

Supplemental cash flow information related to leases at January 31, 2021 and 2020 was as follows (in thousands):


	As of January 31,
Lease	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(1,157	)	$	(1,182	)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	—		$	635

Maturities of Lease Liabilities

Maturities of lease liabilities at July 31, 2021 were as follows (in thousands):


	July 31, 2021
2022	$	567
2023		667
2024		346
2025		134
2026		24
Thereafter		—

Total payments under lease agreements	$	1,738
Less: imputed interest		(170	)
Total lease liabilities	$	1,568

Maturities of lease liabilities at January 31, 2021 and 2020 were as follows (in thousands):


	As of January 31,
	2021			2020
2021	$	1,007		$	1,338
2022		421			838
2023		110			222
2024		58			98
2025		24			52
Thereafter		—			21

Total payments under lease agreements	$	1,620		$	2,569
Less: imputed interest		(149	)		(269	)
Total lease liabilities	$	1,471		$	2,300

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

12 Months Ended

Jul. 31, 2021

Jan. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets


	Weighted Average Life at 7/31/2021		July 31, 2021										January 31, 2021
	Weighted Average Life at 7/31/2021		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(7,060	)	$	—

Proprietary rights		6.4	$	8,220	$	(3,920	)	$	—		$	4,300	$	7,781	$	(3,688	)	$	—		$	4,093
Customer relationships		0.4		5,024		(4,748	)		—			276		5,024		(4,513	)		—			511
Patents		3.1		2,440		(1,653	)		—			787		2,440		(1,528	)		—			912
Trade name		4.8		894		(80	)		(760	)		54		894		(74	)		(760	)		60
Developed technology		4.4		1,430		(798	)		—			632		1,430		(727	)		—			703
Other		2.8		684		(278	)		—			406		684		(213	)		—			471

Amortizable intangible assets			$	18,692	$	(11,477	)	$	(760	)	$	6,455	$	18,253	$	(10,743	)	$	(760	)	$	6,750

Goodwill and other intangible assets from continuing operations consisted of the following:


	Weighted Average Life at 1/31/20		January 31, 2021										January 31, 2020
	Weighted Average Life at 1/31/20		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount

			(in thousands)										(in thousands)
Goodwill			$	7,060	$	—		$	(7,060	)	$	—	$	7,060	$	—		$	(4,529	)	$	2,531

Proprietary rights		7.2	$	7,781	$	(3,688	)		—			4,093	$	9,247	$	(4,950	)		—			4,297
Customer relationships		0.8		5,024		(4,513	)		—			511		5,024		(3,831	)		—			1,193
Patents		3.6		2,440		(1,528	)		—			912		2,440		(1,277	)		—			1,163
Trade name		5.3		894		(74	)		(760	)		60		894		(63	)		(760	)		71
Developed technology		4.9		1,430		(727	)		—			703		1,430		(584	)		—			846
Other		3.4		684		(213	)		—			471		653		(87	)		—			566

Amortizable intangible assets			$	18,253	$	(10,743	)	$	(760	)	$	6,750	$	19,688	$	(10,792	)	$	(760	)	$	8,136

Future Estimated Amortization Expense Related to Amortizable Intangible Assets

As of July 31, 2021, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands):


For fiscal years ending January 31
2022	$	588
2023		1,167
2024		1,032
2025		837
2026		700
Thereafter		2,131

Total	$	6,455


For fiscal year ending January 31:
2022	$	1,266
2023		1,125
2024		989
2025		828
2026		658
Thereafter		1,884

Total	$	6,750

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Jan. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities from continuing operations consisted of the following (in thousands):


	As of January 31,
	2021		2020
Contract settlement	$	968	$	228
Wages and benefits		577		317
Customer deposits		484		239
Accrued inventory		—		229
Other		883		552

Accrued Expenses and Other Liabilities	$	2,912	$	1,565

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2021

Income Tax Disclosure [Abstract]

Reconciliation of Income Taxes by Jurisdiction


	Year Ended January 31,
	2021			2020

	(in thousands)
(Loss) income from continuing operations before income taxes is attributable to the following jurisdictions:

Domestic	$	(8,851	)	$	(7,550	)
Foreign		(4,615	)		1,360

Total	$	(13,466	)	$	(6,190	)

The components of income tax expense (benefit) for continuing operations were as follows:
Current:
Domestic	$	22		$	27
Foreign		515			58

		537			85
Deferred:
Domestic		—			—
Foreign		(1	)		268

		(1	)		268

Income tax expense	$	536		$	353

Reconciliation of Expected to Actual Income Tax Expense

The following is a reconciliation of expected to actual income tax expense (benefit) for continuing o

perations:


	Year Ended January 31,
	2021			2020

	(in thousands)
Federal income tax at 21%	$	(2,828	)	$	(1,300	)
Changes in tax rates		(50	)		50
Permanent differences		413			52
Foreign effective tax rate differential		66			(80	)
Foreign withholding taxes, including penalties and interest		29			34
Tax effect of book loss on disposition of subsidiaries		—			79
Valuation allowance on deferred tax assets		2,682			1,205
Excess tax deficiency for share-based payments under ASU 2016-09		66			284
Other		158			29

	$	536		$	353

Company's Deferred Taxes

The components of the Company’s deferred taxes for continuing operations consisted of the following:


	As of January 31,
	2021			2020

	(in thousands)
Deferred tax assets:
Net operating losses	$	17,177		$	13,716
Tax credit carry forwards		139			117
Stock option book expense		718			650
Allowance for doubtful accounts		—			229
Inventory		565			525
Accruals not yet deductible for tax purposes		281			357
Fixed assets		232			105
Intangible assets		445			337
Other		599			561

Gross deferred tax assets		20,156			16,597
Valuation allowance		(20,156	)		(16,597	)

Deferred tax assets		—			—
Deferred tax liabilities:
Other		(198	)		(200	)

Deferred tax liabilities		(198	)		(200	)
Unrecognized tax benefits		—			—

Total deferred tax (liabilities) assets, net		(198	)	$	(200	)

Stock Option Plans (Tables)

12 Months Ended

Jan. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value Option Award

The assumptions for the periods indicated are noted in the following table.

Weighted average Black-Scholes-Merton fair value assumptions


	Year Ending January 31,
	2021	2020
Risk free interest rate	0.34% - 0.37%	1.47% - 2.53%
Expected life	3.97 years - 5.97 years	3.98 years - 6.00 years
Expected volatility	53% - 64%	49% - 51%
Expected dividend yield	0.0%	0.0%

Summary of Company's Stock Option Activity

The following table presents a summary of the Company’s stock option activity for the fiscal year ended January 31, 2021:


	Number of Shares (in thousands)			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding, January 31, 2020		2,440		$	4.51		7.08	$	20
Granted		320			1.47
Exercised		—			—
Forfeited		(41	)		4.63
Expired		(133	)		5.31

Outstanding, January 31, 2021		2,586		$	4.09		6.58	$	223

Exercisable at January 31, 2021		1,778		$	4.63		5.71	$	—
Vested and expected to vest at January 31, 2021		2,562		$	4.12		6.55	$	213

Restricted Stock and Changes During Period

Restricted stock as of January 31, 2021 and changes during the fiscal year ended January 31, 2021 were as follows:


	Year Ended January 31, 2021
	Number of Shares (in thousands)			Weighted Average Grant Date Fair Value
Unvested, beginning of period		37		$	3.98
Granted		15			1.25
Vested		(12	)		3.98
Canceled		—			—

Unvested, end of period		40		$	2.94

Sales and Major Customers (Tables)

12 Months Ended

Jan. 31, 2021

Segment Reporting [Abstract]

Summary of Company's Revenues from Customers by Geographic Region, Outside the U.S.

A summary of the Company’s revenues, from continuing operations, from customers by geographic region, outside the U.S., is as follows (in thousands):


	Year Ended January 31,
	2021		2020
UK/Europe	$	8,005	$	14,975
Canada		1,267		3,519
Latin America		—		262
Asia/South Pacific		6,523		5,377
Eurasia		507		290
Other		1,226		1,576

Total	$	17,528	$	25,999

Earnings per Share (Tables)

6 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation

The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation:


	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020

	(in thousands)				(in thousands)
Basic weighted average common shares outstanding		13,774		12,182		13,767		12,177
Stock options		79		3		58		1
Unvested restricted stock		29		10		18		5

Total weighted average common share equivalents		108		13		76		6

Diluted weighted average common shares outstanding		13,882		12,195		13,843		12,183

Organization (Details) - USD ($) $ in Millions	Jul. 31, 2021	Jan. 31, 2021	Jan. 01, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital	$ 16.1	$ 19.0
Cash included in working capital	2.1	4.6
Backlog of firm orders	$ 11.7	$ 14.2	$ 8.9

Organization and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 31, 2021	Jul. 31, 2020
Organization and Summary of Significant Accounting Policies [Line Items]
Services pursuant to contracts term (in months)	12 months
Support services term (in months)	12 months
Additional charges	$ 0
Salvage value assigned to property and equipment	$ 0
Customer relationships
Organization and Summary of Significant Accounting Policies [Line Items]
Intangible assets amortization period (in years)	8 years
Building
Organization and Summary of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	30 months
Property Improvements
Organization and Summary of Significant Accounting Policies [Line Items]
Estimated useful lives (in years)	10 years
Minimum
Organization and Summary of Significant Accounting Policies [Line Items]
Performance period of long-term projects (in months)	3 months
Estimated useful lives (in years)	3 years
Minimum \| Proprietary rights developed technology and amortizable trade names
Organization and Summary of Significant Accounting Policies [Line Items]
Intangible assets amortization period (in years)	10 years
Minimum \| Patents
Organization and Summary of Significant Accounting Policies [Line Items]
Intangible assets amortization period (in years)	8 years
Maximum
Organization and Summary of Significant Accounting Policies [Line Items]
Performance period of long-term projects (in months)	12 months
Lease term (in years)	1 year	1 year
Estimated useful lives (in years)	7 years
Maximum \| Proprietary rights developed technology and amortizable trade names
Organization and Summary of Significant Accounting Policies [Line Items]
Intangible assets amortization period (in years)	15 years
Maximum \| Patents
Organization and Summary of Significant Accounting Policies [Line Items]
Intangible assets amortization period (in years)	10 years
Seamap
Organization and Summary of Significant Accounting Policies [Line Items]
Customers warranty against defects (in months)	3 months
Klein
Organization and Summary of Significant Accounting Policies [Line Items]
Customers warranty against defects (in months)	12 months

Organization and Summary of Significant Accounting Policies - Restricted Stock and Options Outstanding Used in Per Share Calculations (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Stock options (in shares)	79	3	58	1	48	79
Restricted stock (in shares)					17	3
Total dilutive shares					65	82

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Balance Sheet (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Current assets of discontinued operations:
Total assets of discontinued operations	$ 3,312	$ 4,321	$ 14,913
Current liabilities of discontinued operations:
Total liabilities of discontinued operations	705	963
Total liabilities of discontinued operations		1,442	2,730
Discontinued Operations, Held-for-sale
Current assets of discontinued operations:
Accounts receivable, net	1,151	1,668	5,699
Inventories, net	68	352	605
Prepaid expenses and other current assets	120	150	227
Seismic equipment lease pool and property and equipment, net	1,973	2,151	8,382
Total assets of discontinued operations	3,312	4,321	14,913
Current liabilities of discontinued operations:
Accounts payable	21	59	884
Deferred revenue	73	73	34
Accrued expenses and other current liabilities	611	831	1,886
Income taxes payable		479	(74)
Total liabilities of discontinued operations	$ 705	963
Total liabilities of discontinued operations		$ 1,442	$ 2,730

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Operating expenses:
Loss on disposal (including $2,745 of cumulative translation loss)			$ 0	$ (1,859)	$ (1,859)	$ 0
Net income (loss)	$ 79	$ (4,708)	(204)	(4,923)	(6,304)	(4,744)
Discontinued Operations, Held-for-sale
Revenues:
Revenue from discontinued operations	757	1,230	787	5,418	5,747	12,756
Cost of sales:
Cost of discontinued operations	332	1,642	705	4,126	4,537	9,089
Operating expenses:
Selling, general and administrative	378	1,476	720	3,176	4,589	5,576
(Recovery) provisions for doubtful accounts	(2)	470	(445)	470	470	2,000
Depreciation and amortization	2	41	3	85	132	176
Total operating expenses	378	1,987	278	3,731	5,191	7,752
Operating income (loss)	47	(2,399)	(196)	(2,439)	(3,981)	(4,085)
Other income (expenses)	35	72	(4)	75	201	(134)
Loss on disposal (including $2,745 of cumulative translation loss)	0	(1,859)	0	(1,859)	(1,859)	0
Cumulative translation loss		2,745		2,745	2,745	2,745
Income (loss) before income taxes	82	(4,186)	(200)	(4,223)	(5,639)	(4,219)
Provision for income taxes	(3)	(522)	(4)	(700)	(665)	(525)
Net income (loss)	$ 79	$ (4,708)	$ (204)	$ (4,923)	$ (6,304)	$ (4,744)

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal of discontinued operations			$ 0	$ 1,859	$ 1,859	$ 0
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization			0	1,771	1,830	4,818
Gross profit from sale of lease pool equipment			0	(1,324)	(1,326)	(1,145)
(Recovery) provisions for doubtful accounts	$ (2)	$ 470	(445)	470	470	2,000
Loss on disposal of discontinued operations	$ 0	$ 1,859	0	1,859	1,859	0
Sale of used lease pool equipment			0	1,988	2,010	1,415
Sale of assets held for sale			$ 1,245	$ 0	1,506	0
Purchase of seismic equipment held for lease					$ (110)	$ (2,955)

New Accounting Pronouncements New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020	Feb. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 1,568	$ 1,471	$ 2,300
Operating lease liability	$ 1,568	$ 1,471	$ 2,300
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets				$ 3,000
Operating lease liability				$ 3,000

Liquidity - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2021	Jul. 31, 2021	Jan. 01, 2020
Liquidity Disclosure [Abstract]
Working capital	$ 19.0	$ 16.1
Cash included in working capital	4.6	2.1
Backlog of orders	14.2	$ 11.7	$ 8.9
Proceeds from sale of common and preferred stock	$ 4.6

Revenue from Contracts with Customers - Revenue Disaggregation (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 6,807	$ 5,086	$ 11,001	$ 8,273	$ 21,215	$ 29,919
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	6,662	4,885	10,725	7,872	20,449	29,186
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	145	201	276	401	766	733
Seamap \| Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,256	3,881	8,169	5,870	16,304	21,617
Seamap \| Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	145	201	276	401	766	733
Klein \| Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 1,406	$ 1,004	$ 2,556	$ 2,002	4,145	7,468
Klein \| Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers					0	0
SAP \| Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers					0	101
SAP \| Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers					$ 0	$ 0

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue from Contracts with Customers - Revenue Disaggregated by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 6,807	$ 5,086	$ 11,001	$ 8,273	$ 21,215	$ 29,919
United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	219	686	578	1,786	3,687	3,920
Europe, Russia & CIS
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	3,520	1,604	6,102	2,980	8,512	15,262
Middle East & Africa
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	675	221	689	297	1,226	1,576
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,188	2,222	2,893	2,499	6,523	5,377
Canada & Latin America
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 205	$ 353	$ 739	$ 711	$ 1,267	$ 3,784

- Definition

+ References

+ Details

Revenue from Contracts with Customers - Contract Assets And Liabilities (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Contract Assets:
Unbilled revenue—current	$ 106	$ 85	$ 13
Total unbilled revenue	106	85	13
Contract Liabilities:
Deferred revenue & customer deposits—current	399	691	220
Deferred revenue & customer deposits—non-current			12
Total deferred revenue & customer deposits	$ 399	$ 691	$ 232
Minimum
Contract With Customers [Line Items]
Contract with customers, turn over period (in months)	3 months	3 months
Maximum
Contract With Customers [Line Items]
Contract with customers, turn over period (in months)	9 months	6 months

Balance Sheet - Continuing Operations - Accounts Receivable (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 5,581	$ 5,695	$ 9,001
Less allowance for doubtful accounts	(481)	(948)	(2,378)
Accounts receivable net of allowance for doubtful accounts	$ 5,100	$ 4,747	$ 6,623

Balance Sheet - Continuing Operations - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Inventory, Gross [Abstract]
Raw materials	$ 7,468	$ 6,905	$ 7,388
Finished goods	3,455	3,466	3,758
Work in progress	2,404	2,445	2,720
Cost of inventories	13,327	12,816	13,866
Less allowance for obsolescence	(1,399)	(1,363)	(1,210)
Total inventories, net	$ 11,928	$ 11,453	$ 12,656

Balance Sheet - Continuing Operations - Schedule of Seismic Equipment Lease Pool and Property and Equipment (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Property and equipment:
Property and equipment	$ 18,969	$ 20,564	$ 22,470
Accumulated depreciation and amortization	(14,529)	(15,813)	(17,051)
Total property and equipment, net	4,440	4,751	5,419
Marine seismic service equipment
Property and equipment:
Property and equipment	4,157	5,969
Land and buildings
Property and equipment:
Property and equipment	4,422	4,354	4,274
Furniture and fixtures
Property and equipment:
Property and equipment	9,899	9,750	9,364
Autos and trucks
Property and equipment:
Property and equipment	$ 491	$ 491	$ 491

Supplemental Statements of Cash Flows Information - Supplemental Disclosures of Cash Flows Information (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Interest paid	$ 18	$ 23	$ 40	$ 63
Income taxes paid, net			336	498
Seismic equipment purchases included in accounts payable at year-end			$ 0	$ 812

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 7,468	$ 6,905	$ 7,388
Finished goods	3,455	3,466	3,758
Work in progress	2,404	2,445	2,720
Cost of inventories	13,327	12,816	13,866
Less allowance for obsolescence	(1,399)	(1,363)	(1,210)
Total inventories, net	$ 11,928	$ 11,453	$ 12,656

Accounts Receivables - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Receivables [Abstract]
Current accounts receivable		$ 5,695	$ 9,001
Accounts receivable	$ 5,581	5,695	9,001
Less current Portion of allowance for doubtful accounts	(481)	(948)	(2,378)
Less total allowance for doubtful accounts	(481)	(948)	(2,378)
Current accounts receivable, net of allowance for doubtful accounts	5,100	4,747	6,623
Total accounts receivable, net of allowance for doubtful accounts	$ 5,100	$ 4,747	$ 6,623

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Property, Plant and Equipment [Line Items]
Cost of property and equipment	$ 18,969	$ 20,564	$ 22,470
Less accumulated depreciation	(14,529)	(15,813)	(17,051)
Total property and equipment, net	4,440	4,751	5,419
Marine seismic service equipment
Property, Plant and Equipment [Line Items]
Cost of property and equipment		5,969	8,341
Land and buildings
Property, Plant and Equipment [Line Items]
Cost of property and equipment	4,422	4,354	4,274
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Cost of property and equipment	9,899	9,750	9,364
Autos and trucks
Property, Plant and Equipment [Line Items]
Cost of property and equipment	$ 491	$ 491	$ 491

Property and Equipment - Location of Property and Equipment (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Geographic Information For Property Plant And Equipment [Line Items]
Net book value of property and equipment	$ 4,440	$ 4,751	$ 5,419
United States
Geographic Information For Property Plant And Equipment [Line Items]
Net book value of property and equipment		3,133	3,379
Europe
Geographic Information For Property Plant And Equipment [Line Items]
Net book value of property and equipment		87	78
Singapore
Geographic Information For Property Plant And Equipment [Line Items]
Net book value of property and equipment		480	773
Malaysia
Geographic Information For Property Plant And Equipment [Line Items]
Net book value of property and equipment		$ 1,051	$ 1,189

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Feb. 01, 2019
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 1,568	$ 1,568		$ 1,471	$ 2,300
Total operating lease liabilities	1,568	1,568		1,471	2,300
Lease expense	291,000	$ 600,000		828,000	1,200
Short-term lease expense	$ 10,000		$ 10,000	20,000	30,000
ASU 2016-02
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets						$ 3,000
Total operating lease liabilities						$ 3,000
Office
Lessee, Lease, Description [Line Items]
Facility lease expense				$ 1,200	$ 1,200
Maximum
Lessee, Lease, Description [Line Items]
Operating leases, non-cancelable term (in years)			1 year	1 year

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Assets
Operating lease right-of-use assets	$ 1,568	$ 1,471	$ 2,300
Liabilities
Total operating lease liabilities	1,568	1,471	2,300
Current liabilities	567	1,008	1,339
Non-current liabilities	1,001	463	961
Total Operating lease liabilities	$ 1,568	$ 1,471	$ 2,300
Weighted average remaining lease term (years)
Operating leases	1 year 3 months 3 days	1 year 1 month 2 days	1 year 9 months 3 days
Weighted average discount rate:
Operating leases	9.36%	10.00%	9.27%

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (600)	$ (514)	$ (1,157)	$ (1,182)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$ 600	$ 514		$ 635

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Leases [Abstract]
2022	$ 567
2021	667	$ 1,007	$ 1,338
2022	346	421	838
2023	134	110	222
2024	24	58	98
2025		24	52
Thereafter	0	0	21
Total payments under lease agreements	1,738	1,620	2,569
Less: imputed interest	(170)	(149)	(269)
Total operating lease liabilities	$ 1,568	$ 1,471	$ 2,300

Goodwill and Other Intangible Assets - Schedule of Net Carrying Amount (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	$ 7,060	$ 7,060	$ 7,060
Goodwill, Accumulated Impairment	(7,060)	(7,060)	(4,529)
Goodwill, Net Carrying Amount		0	2,531
Gross Carrying Amount	18,692	18,253	19,688
Accumulated Amortization	(11,477)	(10,743)	(10,792)
Accumulated Impairment	(760)	(760)	(760)
Net Carrying Amount	$ 6,455	$ 6,750	8,136
Proprietary rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	6 years 4 months 24 days	7 years 2 months 12 days
Gross Carrying Amount	$ 8,220	$ 7,781	9,247
Accumulated Amortization	(3,920)	(3,688)	(4,950)
Net Carrying Amount	$ 4,300	$ 4,093	4,297
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	4 months 24 days	9 months 18 days
Gross Carrying Amount	$ 5,024	$ 5,024	5,024
Accumulated Amortization	(4,748)	(4,513)	(3,831)
Net Carrying Amount	$ 276	$ 511	1,193
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	3 years 1 month 6 days	3 years 7 months 6 days
Gross Carrying Amount	$ 2,440	$ 2,440	2,440
Accumulated Amortization	(1,653)	(1,528)	(1,277)
Net Carrying Amount	$ 787	$ 912	1,163
Trade name
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	4 years 9 months 18 days	5 years 3 months 18 days
Gross Carrying Amount	$ 894	$ 894	894
Accumulated Amortization	(80)	(74)	(63)
Accumulated Impairment	(760)	(760)	(760)
Net Carrying Amount	$ 54	$ 60	71
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	4 years 4 months 24 days	4 years 10 months 24 days
Gross Carrying Amount	$ 1,430	$ 1,430	1,430
Accumulated Amortization	(798)	(727)	(584)
Net Carrying Amount	$ 632	$ 703	846
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	2 years 9 months 18 days	3 years 4 months 24 days
Gross Carrying Amount	$ 684	$ 684	653
Accumulated Amortization	(278)	(213)	(87)
Net Carrying Amount	$ 406	$ 471	$ 566

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Segment Reporting Information [Line Items]
Impairment expense, percentage of gross carrying amount of goodwill				100.00%
Aggregate amortization expense		$ 618,000,000	$ 794,000,000	$ 1,800,000	$ 1,800,000
Seamap
Segment Reporting Information [Line Items]
Goodwill, impairment	$ 2,500,000
Klein Associates Inc.
Segment Reporting Information [Line Items]
Impairment of intangible assets				0
Impairment of indefinite lived intangible assets				$ 760,000

Goodwill and Other Intangible Assets - Future Estimated Amortization Expense Related to Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2022	$ 588	$ 1,266
2023	1,167	1,125
2024	1,032	989
2025	837	828
2026	700	658
Thereafter	2,131	1,884
Net Carrying Amount	$ 6,455	$ 6,750	$ 8,136

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jan. 31, 2020
Payables and Accruals [Abstract]
Contract settlement		$ 968	$ 228
Wages and benefits		577	317
Customer deposits		484	239
Accrued inventory		0	229
Other		883	552
Accrued Expenses and Other Liabilities	$ 2,651	$ 2,912	$ 1,565

Notes Payable (Details) - USD ($) $ in Thousands		1 Months Ended		6 Months Ended		12 Months Ended
Notes Payable (Details) - USD ($) $ in Thousands	May 05, 2020	Feb. 28, 2021	Jan. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Debt Instrument [Line Items]
Proceeds from PPP loans				$ 0	$ 1,607	$ 1,607	$ 0
Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Proceeds from PPP loans	$ 1,600
Interest rate (as a percent)	1.00%
Loan forgiveness			$ 757,000
Paycheck Protection Program, CARES Act \| Klein Associates Inc.
Debt Instrument [Line Items]
Loan forgiveness		$ 850,000
Paycheck Protection Program, CARES Act \| Klein Associates Inc. \| Subsequent Event
Debt Instrument [Line Items]
Loan forgiveness		$ 850,000

Stockholders' Equity - Additional Information (Detail)	12 Months Ended
Stockholders' Equity - Additional Information (Detail)	Jan. 31, 2021 quarterlyPeriod $ / shares shares	Jan. 31, 2020 shares	Jul. 31, 2021 shares	Aug. 03, 2020 shares	Aug. 02, 2020 shares
Statement Of Shareholders Equity [Line Items]
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000	2,000,000	2,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	1,038,000	994,000	1,223,000
Number of quarterly periods to obtain voting rights \| quarterlyPeriod	6
Common stock, shares authorized (in shares)	40,000,000	40,000,000	40,000,000	40,000,000	20,000,000
Common stock, shares issued (in shares)	15,681,000	14,049,000	15,704,000
Treasury stock, shares (in shares)	1,929,000	1,929,000	1,931,000
Shares surrendered in exchange for payment of taxes (in shares)	0	0
Series A Preferred Stock - $1.00 par value per share
Statement Of Shareholders Equity [Line Items]
Preferred stock, shares outstanding (in shares)	1,038,232	994,046
Preferred stock, dividend rate	9.00%
Preferred stock, liquidation preference per share (in usd per share) \| $ / shares	$ 25.00
Preferred stock, dividend rate (in usd per share) \| $ / shares	2.25
Preferred stock, redemption price (in usd per share) \| $ / shares	$ 25.00
Preferred stock, redemption period (in days)	120 days
Period of time for listing (in days)	180 days

Related Party Transaction - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended	6 Months Ended		12 Months Ended		13 Months Ended
	Oct. 07, 2016	Jan. 31, 2020	Jul. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Sep. 30, 2020	Aug. 03, 2020	Aug. 02, 2020	Dec. 18, 2019
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)		2,000,000	2,000,000	2,000,000		2,000,000	2,000,000	2,000,000		2,000,000	1,000,000
Maximum number of common stock to be issued (in shares)		40,000,000	40,000,000	40,000,000		40,000,000	40,000,000	40,000,000		40,000,000	20,000,000
Common stock, par value (in usd per share)		$ 0.01	$ 0.01	$ 0.01		$ 0.01	$ 0.01	$ 0.01
Gross proceeds from preferred stock						$ 1,000
Net proceeds from common stock offering				$ 43	$ 0	$ 3,584	$ 0
Preferred stock, par value (in usd per share)		$ 1.00	$ 1.00	$ 1.00		$ 1.00	$ 1.00	$ 1.00
Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)									500,000
Maximum number of common stock to be issued (in shares)									5,000,000
Common stock, par value (in usd per share)									$ 0.01
Former CEO
Related Party Transaction [Line Items]
Interest rate on obligation payable to related party						4.00%
Outstanding obligation payable to related party, current						$ 968,000		$ 968,000
Series A Preferred Stock
Related Party Transaction [Line Items]
Preferred stock, dividend rate						9.00%
Series A Preferred Stock \| Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)	500,000								500,000			500,000
Percentage of compensation fees to be paid	2.00%	2.00%
Stock issued during period (in shares)		994,046,000	163,780,000	184,740,000		44,186,000		994,046,000
Preferred stock issued from at the market sale of stock program (as a percent)						100.00%	100.00%
Equity distribution compensation expenses			$ 82,000	$ 92,000		$ 20,408
Net proceeds from preferred stock			4,000	4,500		1,000
Preferred stock, dividend rate		9.00%
Preferred stock, par value (in usd per share)												$ 1.00
Series A Preferred Stock \| Non-Executive Chairman
Related Party Transaction [Line Items]
Equity distribution compensation expenses			$ 0	$ 0		$ 0
Common Stock \| Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Stock issued during period (in shares)			362,000	18,415,000		1,584,556,000
Equity distribution compensation expenses			$ 1,000	$ 1,000		$ 79,307
Gross proceeds from common stock						4,000
Net proceeds from common stock offering			1,000	43,000		3,600
Common Stock \| Non-Executive Chairman
Related Party Transaction [Line Items]
Equity distribution compensation expenses			$ 0	$ 0		$ 0

Income Taxes - Reconciliation of Income Taxes by Jurisdiction (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
(Loss) income from continuing operations before income taxes is attributable to the following jurisdictions:
Domestic					$ (8,851,000)	$ (7,550,000)
Foreign					(4,615,000)	1,360,000
Loss from continuing operations before income taxes	$ (2,542,000)	$ (2,426,000)	$ (6,388,000)	$ (8,511,000)	(13,466,000)	(6,190,000)
Current:
Domestic					22,000	27,000
Foreign					515,000	58,000
Total					537,000	85,000
Deferred:
Domestic					0	0
Foreign					(1,000)	268,000
Total					(1,000)	268,000
Income tax expense	$ 197,000	$ (530,000)	$ 52,000	$ (188,000)	$ 536,000	$ 353,000

Income Taxes - Reconciliation of Expected to Actual Income Tax Expense (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Reconciliation of expected to actual income tax expense
Federal income tax at 21%					$ (2,828,000)	$ (1,300,000)
Federal income tax rate (as a percent)					21.00%	21.00%
Changes in tax rates					$ (50,000)	$ 50,000
Permanent differences					413,000	52,000
Foreign effective tax rate differential					66,000	(80,000)
Foreign withholding taxes, including penalties and interest					29,000	34,000
Tax effect of book loss on disposition of subsidiaries					0	79,000
Valuation allowance on deferred tax assets					2,682,000	1,205,000
Excess tax deficiency for share-based payments under ASU 2016-09					66,000	284,000
Other					158,000	29,000
Income tax expense	$ 197,000	$ (530,000)	$ 52,000	$ (188,000)	$ 536,000	$ 353,000

Income Taxes - Company's Deferred Taxes (Detail) - USD ($)	Jan. 31, 2021	Jan. 01, 2020
Deferred tax assets:
Net operating losses	$ 17,177,000	$ 13,716,000
Tax credit carry forwards	139,000	117,000
Stock option book expense	718,000	650,000
Allowance for doubtful accounts	0	229,000
Inventory	565,000	525,000
Accruals not yet deductible for tax purposes	281,000	357,000
Fixed assets	232,000	105,000
Intangible assets	445,000	337,000
Other	599,000	561,000
Gross deferred tax assets	20,156,000	16,597,000
Valuation allowance	(20,156,000)	(16,597,000)
Deferred tax assets	0	0
Deferred tax liabilities:
Other	(198,000)	(200,000)
Deferred tax liabilities	(198,000)	(200,000)
Unrecognized tax benefits	0	0
Total deferred tax liabilities, net	$ (198,000)	$ (200,000)

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Jan. 01, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 197,000	$ (530,000)	$ 52,000	$ (188,000)	$ 536,000	$ 353,000
Pre-tax net loss	2,542,000	$ 2,426,000	6,388,000	8,511,000	13,466,000	$ 6,190,000
Deferred tax liability associated with the undistributed foreign earnings	$ 0		0		0
Tax expense or benefit related to uncertain tax positions			$ 0	$ 0
Deferred tax assets, stock based compensation					700,000
Valuation allowance, deferred tax assets					20,156,000		$ 16,597,000
Tax credit carry forwards					139,000
Unrecognized tax benefits					$ 0		$ 0

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section 25
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2021 USD ($)	Jan. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Total potential commitment		$ 1,600
Payment of commitment	$ 300,000
Purchase orders outstanding	$ 3,900	$ 3,900

Stock Option Plans - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Stock Based Compensation [Line Items]
Compensation expense related to stock-based awards granted	$ 115,000	$ 219,000	$ 224,000	$ 449,000	$ 708,000	$ 854,000
Weighted average grant-date fair value of options granted (in usd per share)					$ 0.70	$ 1.77
Excess tax benefit from share-based compensation					$ 0	$ 0
Vesting period of stock options granted and outstanding (in years)					3 years
Contractual term of stock options granted and outstanding (in years)					10 years
Shares available for grant (in shares)					615,000
Options exercised (in shares)					0	9,000
Intrinsic value of options exercised						$ 0
Fair value of options vested					$ 950,000	$ 650,000
Options vested (in shares)					500,000
Total unrecognized compensation expense related to unvested stock options					$ 482,228
Expense expected to be recognized over weighted average period (in years)					1 year 3 months 18 days
Restricted Stock
Stock Based Compensation [Line Items]
Total unrecognized compensation expense related to unvested restricted stock awards					$ 0

Stock Option Plans - Schedule of Fair Value Option Award (Detail)	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate, minimum	0.34%	1.47%
Risk free interest rate, maximum	0.37%	2.53%
Expected life (in years)	10 years
Expected volatility, minimum	53.00%	49.00%
Expected volatility, maximum	64.00%	51.00%
Expected dividend yield	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	3 years 11 months 19 days	3 years 11 months 23 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	5 years 11 months 19 days	6 years

Stock Option Plans - Summary of Company's Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Number of Shares (in thousands)
Outstanding, beginning (in shares)	2,440,000
Granted (in shares)	320,000
Exercised (in shares)	0	(9,000)
Forfeited (in shares)	(41,000)
Expired (in shares)	(133,000)
Outstanding, ending (in shares)	2,586,000	2,440,000
Exercisable (in shares)	1,778,000
Vested and expected to vest (in shares)	2,562,000
Weighted Average Exercise Price
Outstanding beginning (in usd per share)	$ 4.51
Granted (in usd per share)	1.47
Exercised (in usd per share)	0
Forfeited (in usd per share)	4.63
Expired (in usd per share)	5.31
Outstanding ending (in usd per share)	4.09	$ 4.51
Exercisable (in usd per share)	4.63
Vested and expected to vest (in usd per share)	$ 4.12
Weighted Average Remaining Contractual Term (in years)
Outstanding (in years)	6 years 6 months 29 days	7 years 29 days
Exercisable (in years)	5 years 8 months 15 days
Vested and expected to vest (in years)	6 years 6 months 18 days
Aggregate Intrinsic Value (in thousands)
Outstanding	$ 223	$ 20
Exercisable	0
Vested and expected to vest	$ 213

Stock Option Plans - Restricted Stock and Changes During Period (Detail) shares in Thousands	12 Months Ended
	Jan. 31, 2021 $ / shares shares
Number of Shares (in thousands)
Unvested, beginning of period (in shares) \| shares	37
Granted (in shares) \| shares	15
Vested (in shares) \| shares	(12)
Canceled (in shares) \| shares	0
Unvested, end of period (in shares) \| shares	40
Weighted Average Grant Date Fair Value
Unvested, beginning of period (in usd per share) \| $ / shares	$ 3.98
Granted (in usd per share) \| $ / shares	1.25
Vested (in usd per share) \| $ / shares	3.98
Canceled (in usd per share) \| $ / shares	0
Unvested, end of period (in usd per share) \| $ / shares	$ 2.94

Segment Reporting - Additional Information (Detail) - segment	6 Months Ended	12 Months Ended
	Jul. 31, 2021	Jan. 31, 2021
Segment Reporting [Abstract]
Number of operating segments	1	1

Corporate Restructuring (Details) - shares	Jul. 31, 2021	Jan. 31, 2021	Aug. 03, 2020	Aug. 02, 2020	Jan. 31, 2020
Restructuring and Related Activities [Abstract]
Capital stock, shares authorized (in shares)			42,000,000	21,000,000
Common stock, shares authorized (in shares)	40,000,000	40,000,000	40,000,000	20,000,000	40,000,000
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000	2,000,000	1,000,000	2,000,000

Concentrations - Additional Information (Detail) $ in Millions	12 Months Ended
	Jan. 31, 2021 USD ($)
Concentration Risk [Line Items]
Foreign bank deposits	$ 2.8
Top three customers exceeding 10% of consolidated accounts receivable \| Accounts Receivable \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk (as a percent)	10.00%

Sales and Major Customers - Summary of Company's Revenues from Customers by Geographic Region, Outside the U.S. (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Revenue, Major Customer [Line Items]
Total revenues	$ 6,807	$ 5,086	$ 11,001	$ 8,273	$ 21,215	$ 29,919
Total
Revenue, Major Customer [Line Items]
Total revenues					17,528	25,999
UK/Europe
Revenue, Major Customer [Line Items]
Total revenues					8,005	14,975
Canada
Revenue, Major Customer [Line Items]
Total revenues					1,267	3,519
Latin America
Revenue, Major Customer [Line Items]
Total revenues					0	262
Asia/South Pacific
Revenue, Major Customer [Line Items]
Total revenues					6,523	5,377
Eurasia
Revenue, Major Customer [Line Items]
Total revenues					507	290
Other
Revenue, Major Customer [Line Items]
Total revenues					$ 1,226	$ 1,576

- Definition

+ References

+ Details

Sale of Subsidiary (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Sale of Subsidiary (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Jan. 31, 2021	Sep. 09, 2021	Aug. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary			$ 4,500
Seismic Asia Pacific Pty Ltd \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary	$ 660,000
Proceeds in cash from sale of subsidiary	$ 240,000
Note receivable term (in years)	2 years
Proceeds in note receivable from sale of subsidiary	$ 420,000
Working capital adjustment				$ 114,000
Proceeds from note receivable		$ 124,000

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Allowance for doubtful accounts
Allowance for Doubtful Accounts and Allowance for Obsolete Equipment and Inventory [Roll Forward]
Balance at Beginning of Period	$ 4,054	$ 2,113
Charged to Costs and Expenses	1,129	2,000
Charged to Other Accounts	(43)	0
Deductions Describe	(3,364)	(59)
Balance at End of Period	1,776	4,054
Allowance for obsolete equipment and inventory
Allowance for Doubtful Accounts and Allowance for Obsolete Equipment and Inventory [Roll Forward]
Balance at Beginning of Period	1,404	1,222
Charged to Costs and Expenses	321	298
Charged to Other Accounts	1	1
Deductions Describe	(66)	(117)
Balance at End of Period	$ 1,660	$ 1,404

Subsequent Event (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
Subsequent Event (Details) - USD ($) $ in Millions	Sep. 09, 2021	Jan. 31, 2022
Subsequent Event [Line Items]
Proceeds from sale of lease pool equipment	$ 4.5
Proceeds from sale of lease pool equipment, paid	$ 2.5
Forecast
Subsequent Event [Line Items]
Proceeds from sale of lease pool equipment, paid		$ 2.0

Equity and Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Equity [Abstract]
Quarterly dividends declared (in usd per share)	$ 0.5625
Preferred stock, shares outstanding (in shares)	1,223,000		1,223,000		1,038,000	994,000
Preferred stock, liquidation preference	$ 30,600,000		$ 30,600,000
Compensation expense related to stock-based awards granted	$ 115,000	$ 219,000	$ 224,000	$ 449,000	$ 708,000	$ 854,000

Earnings per Share - Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	13,774	12,182	13,767	12,177	12,519	12,143
Stock options (in shares)	79	3	58	1	48	79
Unvested restricted stock	29	10	18	5
Total weighted average common share equivalents	108	13	76	6
Diluted weighted average common shares outstanding	13,882	12,195	13,843	12,183