Significant Accounting Policies (Policies) |
6 Months Ended |
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Jul. 31, 2026 | |
| Accounting Policies [Abstract] | |
| Basis of Accounting, Policy [Policy Text Block] | Organization—MIND Technology, Inc., a Delaware corporation (the “Company”), was incorporated in 1987. The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively “Seamap”, 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 state of Texas.
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| Going Concern [Policy Text Block] | Liquidity—As of July 31, 2026, the Company had working capital of approximately $36.7 million, including cash and cash equivalents of approximately $15.8 million, compared to working capital of approximately $37.4 million, including cash and cash equivalents of approximately $19.1 million as of January 31, 2026. The Company has a trade finance facility with HSBC Singapore for the issuance from time-to-time of letters of credit or bank guarantees for up to $5.0 million. As of September 9, 2026, there has been no activity associated with the trade facility.
We have recently experienced delays in payments from certain customers, reportedly due to disruptions in their operations and cash flow brought about by the war in Iran. As of July 31, 2026 accounts receivable related to the delayed payments amounted to approximately $12.6 million, of which $1.9 million has been subsequently collected. The majority of the remaining balance is due from a subsidiary of a major foreign oil company. We have received periodic installments on this balance and are confident the remaining amounts will be fully collected. However, this has resulted in a decline in our anticipated cash flows from operations for the six months ended July 31, 2026.
The Company believes it will have adequate liquidity to meet its future operating requirements through a combination of cash on hand, cash expected to be generated from operations and disciplined working capital management.
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| New Accounting Pronouncements, Policy [Policy Text Block] | Summary of Significant Accounting Policies—We describe our significant accounting policies in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. During the three and six months ended July 31, 2026, there were no changes to those accounting policies.
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