Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.22.1
Intangible Assets
3 Months Ended
Apr. 30, 2022
Intangible Assets  
Intangible Assets

Note 4. Intangible Assets

 

Intangible assets consist of the following:

 

 

 

As of April 30, 2022

 

 

 

Gross

 Amount

 

 

Accumulated

 Amortization

 

 

Net

Carrying

Amount

 

 

 

(in thousands)

 

IP/Technology

 

$ 3,369

 

 

$ -

 

 

$ 3,369

 

Non-compete agreements

 

 

82

 

 

 

33

 

 

 

49

 

Total Intangibles

 

$ 3,451

 

 

 

33

 

 

$ 3,418

 

 

 

 

As of January 31, 2022

 

 

 

Gross

 Amount

 

 

Accumulated

 Amortization

 

 

Net

Carrying

Amount

 

 

 

(in thousands)

 

IP/Technology

 

$ 3,060

 

 

$ -

 

 

$ 3,060

 

Non-compete agreements

 

 

82

 

 

 

23

 

 

 

59

 

Total Intangibles

 

$ 3,142

 

 

 

23

 

 

$ 3,119

 

 

The Company’s IP/Technology is still being developed so no amortization has been recorded. The non-compete agreements are amortized over two years.