v3.26.1
Note 7 - Intangible Assets
6 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

7. Intangible Assets

 

      

July 31, 2026

  

January 31, 2026

 
  

Weighted

                         
  Average Life at  

Gross Carrying

  

Accumulated

  

Net Carrying

  

Gross Carrying

  

Accumulated

  

Net Carrying

 
  

July 31, 2026

  

Amount

  

Amortization

  

Amount

  

Amount

  

Amortization

  

Amount

 
      

(in thousands)

  

(in thousands)

 

Proprietary rights

  2.7   7,472   (6,087)  1,385   7,472   (5,911)  1,561 

Customer relationships

     4,884   (4,884)     4,884   (4,884)   

Patents

  0.5   2,540   (2,407)  133   2,540   (2,362)  178 

Trade name

     134   (134)     134   (130)  4 

Other

     509   (495)  14   498   (488)  10 

Intangible assets

     $15,539  $(14,007) $1,532  $15,528  $(13,775) $1,753 

 

On January 31, 2026, the Company completed an annual review of amortizable intangible assets. Based on a review of qualitative factors, it was determined that there were no events or changes in circumstances indicating that the carrying value of amortizable intangible assets was not recoverable. During the six months ended July 31, 2026, there have been no substantive indicators of impairment.

 

Aggregate amortization expense was approximately $139,000 and $279,000 for the three and six months ended July 31, 2026, respectively, and approximately $145,000 and $294,000 for the three and six months ended July 31, 2025, respectively. As of July 31, 2026, future estimated amortization expense related to amortizable intangible assets was estimated to be:

 

For fiscal years ending January 31,

  (in thousands) 

2027

 $157 

2028

  312 

2029

  213 

2030

  213 

2031

  213 

Thereafter

  424 

Total

 $1,532