v3.26.1
Consolidated Balance Sheets - USD ($)
Jan. 31, 2026
Jan. 31, 2025
Current Assets:    
Cash and cash equivalents $ 19,951,000 $ 7,150,000
Accounts receivable, net 13,072,000 8,131,000
Inventories, net 9,647,000 4,817,000
Prepaid expenses and other current assets 2,411,000 1,779,000
Total Current Assets 45,081,000 21,877,000
Property, plant, and equipment, net 20,108,000 9,387,000
Intangible assets, net 3,090,000 3,436,000
Goodwill 9,447,000 8,633,000
Operating lease right of use assets, net 7,877,000 3,376,000
Deferred tax asset 0 258,000
Security deposits 95,000 95,000
Total Assets 85,698,000 47,062,000
Current Liabilities:    
Accounts payable and accrued expenses 17,800,000 12,052,000
Term loan, net of debt discount of $216 and $22, respectively 960,000 1,530,000
Operating leases liabilities 1,690,000 848,000
Finance leases payable 321,000 345,000
Promissory notes – related parties 0 2,250,000
Total Current Liabilities 20,771,000 17,025,000
Term loan – net of current 4,412,000 1,342,000
Operating leases liability – net of current 6,204,000 2,600,000
Deferred tax liability 813,000 0
Finance leases payable – net of current 878,000 1,199,000
Total Long-Term Liabilities 12,307,000 5,141,000
Total Liabilities 33,078,000 22,166,000
Commitments and contingencies (Note 11 and 12)
Stockholders’ Equity:    
Common stock, $0.00001 par value; 250,000,000 shares authorized; 40,887,000 and 37,826,000 shares issued as of January 31, 2026 and January 31, 2025, respectively, 40,657,000 and 37,596,000 shares outstanding as of January 31, 2026 and January 31, 2025, respectively 0 0
Additional paid-in capital 47,320,000 24,882,000
Retained earnings 5,450,000 164,000
Less: Treasury stock, 230,000 shares at cost 150,000 150,000
Total Stockholders’ Equity 52,620,000 24,896,000
Total Liabilities and Stockholders’ Equity 85,698,000 47,062,000
Series A Preferred Stock    
Stockholders’ Equity:    
Preferred stock value 0 0
Series B Preferred Stock    
Stockholders’ Equity:    
Preferred stock value 0 0
Preferred Stock    
Stockholders’ Equity:    
Preferred stock value $ 0 $ 0