v3.26.1
Debt (Tables)
6 Months Ended
Jul. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Non Current Debt

The carrying value of the Company’s non-current debt was as follows for the periods presented:

 

Instrument

 

Maturities

 

July 31, 2026

 

 

January 31, 2026

 

 

 

 

 

 

(in thousands)

 

PPP loans

 

—

 

$

 

854

 

 

$

 

887

 

Senior Secured Promissory Notes

 

April 23, 2028

 

 

 

13,234

 

 

 

 

12,994

 

Midwestern Notes

 

Varied

 

 

 

8,872

 

 

 

 

9,901

 

Igniter Promissory Note

 

July 30, 2030

 

 

 

5,748

 

 

 

 

6,333

 

EMD Promissory Note

 

April 30, 2029

 

 

 

3,750

 

 

 

 

—

 

Other notes payable

 

Varied

 

 

 

5,836

 

 

 

 

6,419

 

Total

 

 

 

 

 

38,294

 

 

 

 

36,534

 

Less: unamortized discount and issuance costs

 

 

 

 

 

(878

)

 

 

 

(1,237

)

Less: amounts due within one year

 

 

 

 

 

(5,121

)

 

 

 

(5,812

)

Total debt, non-current

 

 

 

$

 

32,295

 

 

$

 

29,485

 

Schedule of Future Principal Payments for Long Term Debt

As of July 31, 2026, future principal payments for the Company’s long-term debt are as follows:

 

Year Ending January 31:

 

(in thousands)

 

2027 (remaining)

 

$

2,694

 

2028

 

 

5,243

 

2029

 

 

18,571

 

2030

 

 

5,009

 

2031

 

 

1,599

 

Thereafter

 

 

5,178

 

Total

 

$

38,294