Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ (9,444) $ 2,317
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 2,912 1,975
Goodwill impairment 1,319 0
Software impairment 135 0
Deferred income tax expense (618) 617
Reversal of bad debt 0 (233)
Net loss on exchanges 4 0
Realized net (gain) loss on investment in cryptocurrency 186 (1,180)
Loss on cryptocurrency impairment 0 16
Fair value adjustment to cryptocurrency 2,206 (3,777)
Depreciation and amortization 178 96
Changes in operating assets and liabilities:    
Accounts receivable, net (78) 22
Interest receivable 0 (32)
Inventory (4) (60)
Prepaid expenses (101) (136)
Other assets (91) (499)
Accounts payable to related parties (10) 11
Accounts payable and accrued expenses 442 561
Deferred revenue 171 (135)
Net cash used in operating activities (2,793) (437)
Cash flows from investing activities:    
Acquisition of cryptocurrency, net 0 (3,084)
Proceeds from sale of cryptocurrency 755 5,756
Capital expenditures (1,221) (1,486)
Sale of assets 3 85
Acquisitions, net of cash received 0 (23)
Net cash provided by (used in) investing activities (463) 1,248
Cash flows from financing activities:    
Payment to related party 0 (500)
Payment of debt (32) (18)
Proceeds from issuance of Series C Preferred Stock 2,500 0
Proceeds from exercise of warrants 550 0
Proceeds from issuance of stock, net 0 769
Net cash provided by financing activities 3,018 251
Net Change in Cash (238) 1,062
Cash at Beginning of Year 1,062  
Cash at End of Year 824 1,062
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 58 35
Cash paid for income taxes 3 0
Non-cash Investing and Financing Activities:    
Conversion of accounts payable to related party to common stock 35 40
Sale of asset for common stock 92 0
Exercise of warrant for receivable 200 0
Loan of cryptocurrency 0 500
Currency received for payment under contract 0 240
Fair value of assets in acquisitions 0 20,414
Fair value of liabilities assumed in acquisitions 0 791
Accounts receivable settlement for Render Payment 0 233
Conversion of note receivable in exchange for common stock and preferred stock 0 1,599
Issuance of stock for services 0 1,110
Issuance of Series A Preferred for services $ 0 $ 2,000