v3.25.1
Consolidated Balance Sheets - USD ($)
Jan. 31, 2025
Jan. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,183,000 $ 3,190,000
Accounts receivable, net of allowance for credit losses of $59,000 and $86,000, respectively 1,585,000 4,237,000
Contract receivables 1,571,000 780,000
Prepaid and other current assets 438,000 629,000
Total current assets 5,777,000 8,836,000
Non-current assets:    
Property and equipment, net of accumulated depreciation of $110,000 and $291,000, respectively 49,000 88,000
Capitalized software development costs, net of accumulated amortization of $6,762,000 and $7,960,000, respectively 4,850,000 5,798,000
Intangible assets, net of accumulated amortization of $5,655,000 and $4,019,000, respectively 10,435,000 12,071,000
Goodwill 13,276,000 13,276,000
Other 1,192,000 1,666,000
Total non-current assets 29,802,000 32,899,000
Total assets 35,579,000 41,735,000
Current liabilities:    
Accounts payable 1,541,000 1,253,000
Accrued expenses 1,921,000 2,023,000
Current portion of term loan 7,709,000 1,500,000
Current portion of line of credit 1,000,000 0
Current portion of notes payable 4,415,000 0
Deferred revenues 6,099,000 7,112,000
Acquisition earnout liability 377,000 1,794,000
Total current liabilities 23,062,000 13,682,000
Non-current liabilities:    
Term loan, net of deferred financing costs 0 7,566,000
Line of credit, net of current portion 0 1,500,000
Deferred revenues, less current portion 240,000 173,000
Total non-current liabilities 240,000 9,239,000
Total liabilities 23,302,000 22,921,000
Commitments and contingencies – Note 12
Stockholders’ equity    
Common stock, $0.01 par value per share, 85,000,000 shares authorized; 4,264,482 and 3,929,446 shares issued and outstanding, respectively 43,000 39,000
Additional paid in capital 138,092,000 134,474,000
Accumulated deficit (125,858,000) (115,699,000)
Total stockholders’ equity 12,277,000 18,814,000
Total liabilities and stockholders’ equity $ 35,579,000 $ 41,735,000