Annual report pursuant to Section 13 and 15(d)

Goodwill

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Goodwill
 12 Months Ended
Jan. 31, 2024
Goodwill  
Goodwill

Note 7. Goodwill

 

Goodwill consisted of the following (in thousands):

 

 

 

As of January 31,

 

 

 

2024

 

 

2023

 

Acquisition of DataStone

 

 $ 1,651

 

 

 $ 1,651

 

Acquisition of Vengar

 

 

 14,853

 

 

 

 14,853

 

Total goodwill

 

 $ 16,504

 

 

 $ 16,504

 

 

Management considered the net losses since the Mercury acquisition as well as cash flow projections as indicators that a potential impairment of the goodwill related to Mercury may have occurred. Based on further analysis, management decided there was an impairment of goodwill. For the year ended January 31, 2023, the Company recorded an impairment charge of $1.3 million.