MIND Technology (MIND) 10-Q 3 Jun 21 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 30, 2021	Jun. 02, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	001-13490
Entity Registrant Name	MIND TECHNOLOGY, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0210849
Entity Address, Address Line One	2002 Timberloch Place
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380
City Area Code	281
Local Phone Number	353-4475
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,773,742
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000926423
Current Fiscal Year End Date	--01-31
Common Stock - $0.01 par value per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock - $0.01 par value per share
Trading Symbol	MIND
Security Exchange Name	NASDAQ
Series A Preferred Stock - $1.00 par value per share
Document Information [Line Items]
Title of 12(b) Security	Series A Preferred Stock - $1.00 par value per share
Trading Symbol	MINDP
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,001	$ 4,611
Accounts receivable, net of allowance for doubtful accounts of $952 and $948 at April 30, 2021 and January 31, 2021, respectively	3,649	4,747
Inventories, net	12,169	11,453
Prepaid expenses and other current assets	1,555	1,659
Assets held for sale	4,086	4,321
Total current assets	23,460	26,791
Property and equipment, net	4,586	4,751
Operating lease right-of-use assets	1,138	1,471
Intangible assets, net	6,337	6,750
Total assets	35,521	39,763
Current liabilities:
Accounts payable	2,142	1,704
Deferred revenue	563	208
Accrued expenses and other current liabilities	3,038	2,912
Income taxes payable	902	1,041
Operating lease liabilities - current	665	1,008
Liabilities held for sale	972	963
Total current liabilities	8,282	7,836
Operating lease liabilities - non-current	473	463
Notes payable	0	850
Deferred tax liability	198	198
Total liabilities	8,953	9,347
Stockholders’ equity:
Preferred stock, $1.00 par value; 2,000 shares authorized; 1,059 and 1,038 shares issued and outstanding at April 30, 2021 and January 31, 2021, respectively	23,607	23,104
Common stock, $0.01 par value; 40,000 shares authorized; 15,704 and 15,681 shares issued at April 30, 2021 and January 31, 2021, respectively	157	157
Additional paid-in capital	128,403	128,241
Treasury stock, at cost (1,931 and 1,929 shares at April 30, 2021 and January 31, 2021, respectively)	(16,862)	(16,860)
Accumulated deficit	(104,438)	(99,870)
Accumulated other comprehensive loss	(4,299)	(4,356)
Total stockholders’ equity	26,568	30,416
Total liabilities and stockholders’ equity	$ 35,521	$ 39,763

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
ASSETS
Allowance for doubtful accounts, current	$ 952	$ 948
Stockholders’ equity:
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	1,059,000	1,038,000
Preferred stock, shares outstanding (in shares)	1,059,000	1,038,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	15,704,000	15,681,000
Treasury stock, shares (in shares)	1,931,000	1,929,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Revenues:
Total revenues	$ 4,194	$ 3,187
Cost of sales:
Total cost of sales	3,651	2,703
Gross profit	543	484
Operating expenses:
Selling, general and administrative	3,817	2,954
Research and development	853	410
Impairment of intangible assets	0	2,531
Depreciation and amortization	666	730
Total operating expenses	5,336	6,625
Operating loss	(4,793)	(6,141)
Other income:
Other, net	947	56
Total other income	947	56
Loss from continuing operations before income taxes	(3,846)	(6,085)
Benefit (provision) for income taxes	145	(342)
Loss from continuing operations	(3,701)	(6,427)
Loss from discontinued operations, net of income taxes	(283)	(215)
Net loss	(3,984)	(6,642)
Preferred stock dividends	(584)	(559)
Net loss attributable to common stockholders	$ (4,568)	$ (7,201)
Net loss per common share - Basic
Continuing operations (in usd per share)	$ (0.31)	$ (0.57)
Discontinued operations (in usd per share)	(0.02)	(0.02)
Net loss (in usd per share)	(0.33)	(0.59)
Net loss per common share - Diluted
Continuing operations (in usd per share)	(0.31)	(0.57)
Discontinued operations (in usd per share)	(0.02)	(0.02)
Net loss (in usd per share)	$ (0.33)	$ (0.59)
Shares used in computing net loss per common share:
Basic (in shares)	13,759	12,172
Diluted (in shares)	13,759	12,172
Revenue from Contract with Customer, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember
Cost, Product and Service [Extensible List]	us-gaap:ProductMember	us-gaap:ProductMember

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss attributable to common stockholders	$ (4,568)	$ (7,201)
Changes in cumulative translation adjustment	57	(131)
Comprehensive loss	$ (4,511)	$ (7,332)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Cash flows from operating activities:
Net loss	$ (3,984)	$ (6,642)
Adjustments to reconcile net loss to net cash used in operating activities:
PPP loan forgiveness	(850)	0
Depreciation and amortization	668	1,701
Stock-based compensation	121	230
Impairment of intangible assets	0	2,531
Recovery of doubtful accounts	(453)	0
Provision for inventory obsolescence	327	22
Gross profit from sale of lease pool equipment	0	(850)
Gross profit from sale of other equipment	(80)	0
Changes in:
Accounts receivable	1,602	3,728
Unbilled revenue	51	(9)
Inventories	(739)	(554)
Prepaid expenses and other current and long-term assets	(239)	201
Income taxes receivable and payable	(168)	424
Accounts payable, accrued expenses and other current liabilities	947	300
Deferred revenue	(10)	(153)
Net cash (used in) provided by operating activities	(2,807)	929
Cash flows from investing activities:
Purchases of seismic equipment held for lease	0	(110)
Purchases of property and equipment	(8)	(65)
Sale of used lease pool equipment	0	1,414
Sale of business, net of cash sold	187	0
Net cash provided by investing activities	179	1,239
Cash flows from financing activities:
Purchase of treasury stock	(2)	0
Net proceeds from preferred stock offering	503	0
Net proceeds from common stock offering	42	0
Preferred stock dividends	(576)	(559)
Net cash used in financing activities	(33)	(559)
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash	51	(138)
Net (decrease) increase in cash, cash equivalents and restricted cash	(2,610)	1,471
Cash, cash equivalents and restricted cash, beginning of period	4,611	3,234
Cash, cash equivalents and restricted cash, end of period	2,001	4,705
Supplemental cash flow information:
Interest paid	9	11
Income taxes paid	31	149
Purchases of seismic equipment held for lease in accounts payable at end of period	$ 0	$ 702

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss	Common Stock Including Additional Paid-In Capital
Beginning balances (in shares) at Jan. 31, 2020		14,097	994
Beginning balances at Jan. 31, 2020	$ 47,652	$ 141	$ 22,104	$ 123,964	$ (16,860)	$ (77,310)	$ (4,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,642)					(6,642)
Foreign currency translation	(131)						(131)
Preferred stock dividends	(559)					(559)
Stock-based compensation	230			230
Ending balances (in shares) at Apr. 30, 2020		14,097	994
Ending balances at Apr. 30, 2020	40,550	$ 141	$ 22,104	124,194	(16,860)	(84,511)	(4,518)
Beginning balances (in shares) at Jan. 31, 2021		15,681	1,038
Beginning balances at Jan. 31, 2021	30,416	$ 157	$ 23,104	128,241	(16,860)	(99,870)	(4,356)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,984)					(3,984)
Foreign currency translation	57						57
Restricted stock issued (in shares)		5
Restricted stock issued	11			11
Restricted stock forfeited for taxes	(2)				(2)
Stock offering (in shares)		18	21
Stock offering			$ 503	42				$ 42
Preferred stock dividends	(584)					(584)
Stock-based compensation	109			109
Ending balances (in shares) at Apr. 30, 2021		15,704	1,059
Ending balances at Apr. 30, 2021	$ 26,568	$ 157	$ 23,607	$ 128,403	$ (16,862)	$ (104,438)	$ (4,299)

Organization

Organization	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization MIND Technology, Inc., a Delaware corporation (the “Company”), formerly Mitcham Industries, Inc., a Texas corporation, was incorporated in 1987. Effective August 3, 2020 the Company effectuated a reincorporation to the state of Delaware. Concurrent with the reincorporation the name of the Company was changed to MIND Technology, Inc. and the number of shares of common stock and preferred stock authorized for issuance was increased. See Note 15 - Corporate Restructuring, to the condensed consolidated financial statements. The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC (formerly Seamap USA, LLC), Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively “Seamap”), and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), 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 states of New Hampshire and Texas. Prior to July 31, 2020, the Company, through its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), and its branch operations in Colombia, provided full-service equipment leasing, sales and service to the seismic industry worldwide (the “Leasing Business”). Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note 3 – “Assets Held for Sale and Discontinued Operations” for additional details). All intercompany transactions and balances have been eliminated in consolidation.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated balance sheet as of January 31, 2021 for the Company has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2021 (“fiscal 2021”). In the opinion of the Company’s management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of April 30, 2021, the results of operations for the three months ended April 30, 2021 and 2020, the cash flows for the three months ended April 30, 2021 and 2020, and the statement of stockholders’ equity for the three months ended April 30, 2021 and 2020, have been included in these condensed consolidated financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January 31, 2022 (“fiscal 2022”). We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation. On the consolidated balance sheets, income taxes payable, not related to discontinued operations has been reclassified from “Current liabilities held for sale” to “Current income taxes payable.”

Assets Held for Sale and Discon

Assets Held for Sale and Discontinued Operations	3 Months Ended
	Apr. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale and Discontinued Operations	Assets Held for Sale and Discontinued OperationsOn July 27, 2020, the Board determined to exit the Leasing Business, which comprises essentially all operations of the Equipment Leasing segment. As a result, the assets, excluding cash, and liabilities of the Equipment Leasing segment are considered held for sale and the segment’s operations are reported as discontinued operations as of April 30, 2021 and for all comparative periods presented in these condensed consolidated financial statements. The Company originally anticipated selling the discontinued operations within twelve months from July 27, 2020, in multiple transactions, which may involve the sale of legal entities, assets, or a combination of both, but now anticipates completing the process within the next six months. The assets reported as held for sale consist of the following: April 30, 2021 January 31, 2021 Current assets of discontinued operations: Accounts receivable, net 1,310 1,668 Inventories, net 47 352 Prepaid expenses and other current assets 340 150 Seismic equipment lease pool and property and equipment, net 2,389 2,151 Total assets of discontinued operations $ 4,086 $ 4,321 The liabilities reported as held for sale consist of the following: April 30, 2021 January 31, 2021 Current liabilities of discontinued operations: Accounts payable $ 13 $ 59 Deferred revenue 73 73 Accrued expenses and other current liabilities 915 831 Income taxes payable (receivable) (29) — Total liabilities of discontinued operations 972 963 The results of operations from discontinued operations for the three months ended April 30, 2021 and 2020, consist of the following: For the Three Months Ended April 30, 2021 2020 Revenues: Revenue from discontinued operations $ 30 $ 4,188 Cost of sales: Cost of discontinued operations 373 2,484 Operating expenses: Selling, general and administrative 342 1,700 Recovery of doubtful accounts (443) — Depreciation and amortization 1 44 Total operating expenses (100) 1,744 Operating loss (243) (40) Other income (expenses) (39) 3 Loss before income taxes (282) (37) Provision for income taxes (1) (178) Net loss (283) (215) The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below: For the Three Months Ended April 30, 2021 2020 Depreciation and amortization $ — $ 971 Gross profit from sale of lease pool equipment $ — $ (852) Recovery of doubtful accounts $ 443 $ — Purchase of seismic equipment held for lease $ — $ (110) Sale of used lease pool equipment $ — $ 1,414 Sale of assets held for sale $ 187 $ —

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Apr. 30, 2021
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (“Topic 740”): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by eliminating certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance to improve consistent application. This ASU is effective for the annual period beginning after December 15, 2020, including interim periods within that annual period. The Company adopted this ASU effective February 1, 2021, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurement by removing, modifying and adding certain disclosures. This ASU is effective for the annual period beginning after December 15, 2019, including interim periods within that annual period. The Company adopted this guidance effective February 1, 2020. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition: Three Months Ended April 30, 2021 2020 Revenue recognized at a point in time: (in thousands) Seamap $ 2,913 $ 2,014 Klein 1,150 998 Total revenue recognized at a point in time $ 4,063 $ 3,012 Revenue recognized over time: Seamap $ 131 $ 175 Total revenue recognized over time 131 175 Total revenue from contracts with customers $ 4,194 $ 3,187 The revenue from products manufactured and sold by our Seamap and Klein businesses is generally recognized at a point in time, or when the customer takes possession of the product, based on the terms and conditions stipulated in our contracts with customers. Our Seamap business also provides Software Maintenance Agreements (“SMA”) to customers who have an active license for software embedded in Seamap products. The revenue from SMA’s is recognized over time, with the total value of the SMA amortized in equal monthly amounts over the life of the contract, which is typically twelve months. The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended April 30, 2021 2020 (in thousands) United States $ 359 $ 1,075 Europe, Russia & CIS 2,582 1,376 Middle East & Africa 14 76 Asia-Pacific 705 302 Canada & Latin America 534 358 Total revenue from contracts with customers $ 4,194 $ 3,187 As of April 30, 2021, and January 31, 2020, contract assets and liabilities consisted of the following: April 30, 2021 January 31, 2021 Contract Assets: (in thousands) Unbilled revenue - current $ 136 $ 85 Total unbilled revenue $ 136 $ 85 Contract Liabilities: Deferred revenue & customer deposits - current $ 681 $ 691 Deferred revenue & customer deposits - non-current — — Total deferred revenue & customer deposits $ 681 $ 691 Considering the products manufactured and sold by our Seamap and Klein businesses and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a period of three Pursuant to our accounting policies and procedures related to revenue from contracts with customers, sales and transaction-based taxes are excluded from revenue. Also, we do not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Additionally, we expense costs incurred to obtain contracts when incurred because the amortization period would have been one year or less. These costs are recorded in selling, general and administrative expenses.

Balance Sheet - Continuing Oper

Balance Sheet - Continuing Operations	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet - Continuing Operations	Balance Sheet - Continuing Operations As of April 30, 2021 As of January 31, 2021 Current Long-term Total Current Long-term Total Accounts receivable $ 4,601 $ — $ 4,601 $ 5,695 $ — $ 5,695 Less allowance for doubtful accounts (952) — (952) (948) — (948) Accounts receivable net of allowance for doubtful accounts $ 3,649 $ — $ 3,649 $ 4,747 $ — $ 4,747 April 30, 2021 January 31, 2021 (in thousands) Inventories: Raw materials $ 7,276 $ 6,905 Finished goods 3,823 3,466 Work in progress 2,453 2,445 13,552 12,816 Less allowance for obsolescence (1,383) (1,363) Total inventories, net $ 12,169 $ 11,453 April 30, 2021 January 31, 2021 (in thousands) Property and equipment: Marine seismic service equipment $ 4,533 $ 5,969 Land and buildings 4,384 4,354 Furniture and fixtures 9,776 9,750 Autos and trucks 491 491 19,184 20,564 Accumulated depreciation and amortization (14,598) (15,813) Total property and equipment, net $ 4,586 $ 4,751 As of January 31, 2021, the Company completed an annual review of long-lived assets noting that the undiscounted future cash flows exceeded their carrying value and no impairment has been recorded. Since January 31, 2021, there have been no significant changes to the market, economic or legal environment in which the Company operates that would indicate additional impairment analysis is necessary as of April 30, 2021.

Leases

Leases	3 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Leases	Leases The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in Texas, Hungary, Singapore, Malaysia, Colombia, United Kingdom and Canada. We negotiated the termination of our Colombia lease obligation during the current period. Lease expense for the three months ended April 30, 2021 was approximately $309,000 and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $10,000 for the three months ended April 30, 2021. Supplemental balance sheet information related to leases as of April 30, 2021 and January 31, 2021 were as follows (in thousands): Lease April 30, 2021 January 31, 2021 Assets Operating lease assets $ 1,138 $ 1,471 Liabilities Operating lease liabilities $ 1,138 $ 1,471 Classification of lease liabilities Current liabilities $ 665 $ 1,008 Non-current liabilities 473 463 Total Operating lease liabilities $ 1,138 $ 1,471 Lease-term and discount rate details as of April 30, 2021 and January 31, 2021 were as follows: Lease term and discount rate April 30, 2021 January 31, 2021 Weighted average remaining lease term (years) Operating leases 1.11 1.09 Weighted average discount rate: Operating leases 9.36 % 10 % The incremental borrowing rate was calculated using the Company's weighted average cost of capital. Supplemental cash flow information related to leases was as follows (in thousands): Lease Three Months Ended April 30, 2021 Three Months Ended April 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (309) $ (293) Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 309 $ 293 Maturities of lease liabilities at April 30, 2021 were as follows (in thousands): April 30, 2021 2022 $ 665 2023 397 2024 102 2025 58 2026 24 Thereafter — Total payments under lease agreements $ 1,246 Less: imputed interest (108) Total lease liabilities $ 1,138

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Weighted Average Life at 4/30/2021 April 30, 2021 January 31, 2021 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Goodwill $ 7,060 $ — $ (7,060) $ — $ 7,060 $ — $ (7,060) $ — Proprietary rights 7.0 $ 7,784 $ (3,807) $ — $ 3,977 $ 7,781 $ (3,688) $ — $ 4,093 Customer relationships 0.6 5,024 (4,677) — 347 5,024 (4,513) — 511 Patents 3.3 2,440 (1,590) — 850 2,440 (1,528) — 912 Trade name 5.1 894 (77) (760) 57 894 (74) (760) 60 Developed technology 4.7 1,430 (762) — 668 1,430 (727) — 703 Other 3.1 684 (246) — 438 684 (213) — 471 Amortizable intangible assets $ 18,256 $ (11,159) $ (760) $ 6,337 $ 18,253 $ (10,743) $ (760) $ 6,750 As of January 31, 2021, the Company has recorded impairment expense equal to 100% of the gross carrying amount of goodwill. As a result, no further review of goodwill is required. On January 31, 2021, the Company completed an annual review of intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the carrying value of intangible assets was greater than its fair market value. During the three months ended April 30, 2021 there have been no substantive indicators of impairment. Aggregate amortization expense was $412,000 and $460,000 for the three months ended April 30, 2021 and 2020, respectively. As of April 30, 2021, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2022 $ 896 2023 1,125 2024 989 2025 795 2026 658 Thereafter 1,874 Total $ 6,337

Notes Payable

Notes Payable	3 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Notes Payable	Notes Payable On May 5, 2020, the Company, and its wholly owned subsidiary, Klein (collectively, the “Borrowers”), were granted loans (the “Loans”) from Bank of America, N.A. in the aggregate amount of approximately $1.6 million, pursuant to the Small Business Association's Paycheck Protection Program (the “PPP”), a component of the Coronavirus Aid, Relief, and Economic Security Act which was enacted on March 27, 2020. The Loans, in the form of promissory notes (the “Notes”) dated May 1, 2020 issued by the Borrowers, mature on May 1, 2022 and bear interest at a rate of 1% per annum, payable monthly commencing on November 1, 2020. The Notes stipulate various restrictions customary with this type of transaction including representations, warranties, and covenants, in addition to events of default, breaches of representation and warranties or other provisions of the Notes. In the event of default, the Borrowers may become obligated to repay all amounts outstanding under the Notes. The Borrowers may prepay the Notes at any time prior to maturity with no prepayment penalties. Under the terms of the PPP, funds from the Loans may only be used for payroll costs, rent, utilities and interest on other debt obligations incurred prior to February 15, 2020. In addition, certain amounts of the Loans may be forgiven if the funds are used to pay qualifying expenses. In January 2021, the Loan granted to the Company in the amount of approximately $757,000 was forgiven resulting in other income of that amount. In February 2021, the Loan granted to Klein in the amount of approximately $850,000 was also forgiven, resulting in other income of that amount. As of April 30, 2021, the Company had no outstanding balance under the Loans.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended April 30, 2021, the benefit for income taxes from continuing operations was approximately $145,000 on a pre-tax net loss from continuing operations of $3.8 million. For the three months ended April 30, 2020, the expense for income taxes from continuing operations was approximately $342,000 on a pre-tax net loss from continuing operations of $6.1 million. The variance between our actual provision and the expected provision based on the U.S. statutory rate is due primarily to recording valuation allowances against the increase in our deferred tax assets in the respective periods, permanent differences between book income and taxable income, and the effect of foreign withholding taxes. The Company files U.S. federal and state income tax returns as well as separate returns for its foreign subsidiaries within their local jurisdictions. The Company's U.S. federal tax returns are subject to examination by the Internal Revenue Service for fiscal years ended January 31, 2017 through 2021. The Company’s tax returns may also be subject to examination by state and local tax authorities for fiscal years ended January 31, 2015 through 2021. In addition, the Company's tax returns filed in foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2015 through 2021. The Company has determined that the undistributed earnings of foreign subsidiaries are not deemed to be indefinitely reinvested outside of the United States as of April 30, 2021. Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of April 30, 2021. For the three months ended April 30, 2021 and 2020, the Company did not recognize any tax expense or benefit related to uncertain tax positions.

Earnings per Share

Earnings per Share	3 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Net income per basic common share is computed using the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Net income per diluted common share is computed using the weighted average number of common shares and dilutive potential common shares outstanding during the period using the treasury stock method. Potential common shares result from the assumed exercise of outstanding common stock options having a dilutive effect and from the assumed vesting of unvested shares of restricted stock. The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation: Three Months Ended April 30, 2021 2020 (in thousands) Basic weighted average common shares outstanding 13,759 12,172 Stock options 94 — Unvested restricted stock 27 4 Total weighted average common share equivalents 121 4 Diluted weighted average common shares outstanding 13,880 12,176 For the three and months ended April 30, 2021 and 2020, potentially dilutive common shares underlying stock options and unvested restricted stock were anti-dilutive and were therefore not considered in calculating diluted loss per share for those periods.

Related Party Transaction

Related Party Transaction	3 Months Ended
	Apr. 30, 2021
Related Party Transactions [Abstract]
Related Party Transaction	Related Party Transaction On October 7, 2016, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc. (the “Agent”). On December 18, 2019, the Company and Agent entered into an Amended and Restated equity distribution agreement (the “1 st Equity Distribution Agreement”). Pursuant to the 1 st Equity Distribution Agreement, the Company may sell up to 500,000 shares of 9.00% Series A Cumulative Preferred Stock (the “Preferred Stock”), par value $1.00 per share through an at-the-market offering program (the “1 st ATM Offering Program”) administered by the Agent. The Co-Chief Executive Officer and Co-President of the Agent is the Non-Executive Chairman of the Board. Under the 1 st Equity Distribution Agreement, the Agent was entitled to compensation of up to 2.0% of the gross proceeds from the sale of Preferred Stock under the 1 st ATM Offering Program. As of January 31, 2020, we had issued 994,046 shares which represent 100% of the Series A Preferred Stock available for sale through the 1 st Equity Distribution Agreement. In September 2020 we entered into a new equity distribution agreement (the “2 nd Equity Distribution Agreement”) with the Agent with economic terms essentially identical to the initial agreement. Pursuant to the 2 nd Equity Distribution Agreement, the Company may sell up to 500,000 shares of Preferred Stock and 5,000,000 shares of $0.01 par value common stock (“Common Stock”) through a new at-the-market offering program (the “2 nd ATM Offering Program”). During the three months ended April 30, 2021, the Company sold 20,960 shares of Series A Preferred Stock under the 2 nd ATM Offering Program, resulting in net proceeds to the Company of approximately $503,000. Compensation to the Agent during this period was approximately $10,000, none of which was received by the Non-Executive Chairman of the Board. During the three months ended April 30, 2021, the Company sold 18,053 shares of Common Stock under the 2 nd ATM Offering Program, resulting in net proceeds to the Company of approximately $42,000. Compensation to the Agent during this period was approximately $1,000, none of which was received by the Non-Executive Chairman of the Board.

Equity and Stock-Based Compensa

Equity and Stock-Based Compensation	3 Months Ended
	Apr. 30, 2021
Equity [Abstract]
Equity and Stock-Based Compensation	Equity and Stock-Based CompensationDuring the three months ended April 30, 2021, the Board declared quarterly dividends of $0.5625 per share for our Preferred Stock. See Note 12 to our condensed consolidated financial statements. Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three months ended April 30, 2021 and 2020 was approximately $109,000 and $230,000, respectively.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Segment Reporting	Segment ReportingWith the designation of the Equipment Leasing segment as discontinued operations as of July 31, 2020, the Company operates in one segment, Marine Technology Products. The Marine Technology Products segment is engaged in the design, manufacture and sale of state-of-the-art seismic and offshore telemetry systems. Manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the states of New Hampshire and Texas.

Corporate Restructuring

Corporate Restructuring	3 Months Ended
	Apr. 30, 2021
Restructuring and Related Activities [Abstract]
Corporate Restructuring	Corporate Restructuring On August 3, 2020, the Company, formerly Mitcham Industries, Inc., completed the reincorporation from the State of Texas to the State of Delaware, including a name change to MIND Technology, Inc. The change in legal domicile and company name were approved by the affirmative vote of the holders of more than two-thirds of the votes of the Company’s Common Stock and Preferred Stock, voting separately, at the Annual Meeting of Stockholders held on July 27, 2020. As part of the reincorporation merger, the stockholders approved an increase in the number of authorized shares of capital stock from 21,000,000 shares to 42,000,000 shares, consisting of (i) 40,000,000 shares of Common Stock (up from 20,000,000 shares), and (ii) 2,000,000 shares of Preferred Stock (up from 1,000,000 shares). Pursuant to the terms of the reincorporation merger, each outstanding share of Common Stock and each share of Preferred Stock of Mitcham Industries, Inc., the Texas corporation, automatically converted into one share of Common Stock and one share of Series A Preferred Stock, respectively, of MIND Technology, Inc., the Delaware corporation. Stockholders who hold physical stock certificates are not required to, but may, exchange stock certificates as a result of the reincorporation. The Company’s Common Stock and Preferred Stock continued to trade on the NASDAQ Global Select Market under their ticker symbols, “MIND” and “MINDP”, respectively. The Company’s Common Stock was assigned a new CUSIP number of 602566 101 and the Company’s Preferred Stock was assigned a new CUSIP number of 602566 200. No changes were made to the Board, management, business or operations of the Company as a result of the reincorporation. The Company’s corporate headquarters remains in Texas.

Organization (Policies)

Organization (Policies)	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	MIND Technology, Inc., a Delaware corporation (the “Company”), formerly Mitcham Industries, Inc., a Texas corporation, was incorporated in 1987. Effective August 3, 2020 the Company effectuated a reincorporation to the state of Delaware. Concurrent with the reincorporation the name of the Company was changed to MIND Technology, Inc. and the number of shares of common stock and preferred stock authorized for issuance was increased. See Note 15 - Corporate Restructuring, to the condensed consolidated financial statements. The Company, through its wholly owned subsidiaries, Seamap Pte Ltd, MIND Maritime Acoustics, LLC (formerly Seamap USA, LLC), Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively “Seamap”), and its wholly owned subsidiary, Klein Marine Systems, Inc. (“Klein”), 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 states of New Hampshire and Texas. Prior to July 31, 2020, the Company, through its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), and its branch operations in Colombia, provided full-service equipment leasing, sales and service to the seismic industry worldwide (the “Leasing Business”). Effective July 31, 2020, the Leasing Business has been classified as held for sale on the financial results reported as discontinued operations (see Note 3 – “Assets Held for Sale and Discontinued Operations” for additional details). All intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	Basis of PresentationThe condensed consolidated balance sheet as of January 31, 2021 for the Company has been derived from audited consolidated financial statements. The unaudited interim condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended January 31, 2021 (“fiscal 2021”). In the opinion of the Company’s management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position as of April 30, 2021, the results of operations for the three months ended April 30, 2021 and 2020, the cash flows for the three months ended April 30, 2021 and 2020, and the statement of stockholders’ equity for the three months ended April 30, 2021 and 2020, have been included in these condensed consolidated financial statements. The foregoing interim results are not necessarily indicative of the results of operations to be expected for the full fiscal year ending January 31, 2022 (“fiscal 2022”).
Reclassification	We have reclassified certain amounts in prior-period financial statements to conform to the current period’s presentation. On the consolidated balance sheets, income taxes payable, not related to discontinued operations has been reclassified from “Current liabilities held for sale” to “Current income taxes payable.”
New Accounting Pronouncements	New Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (“Topic 740”): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes by eliminating certain exceptions to the general principles in Topic 740 and by clarifying and amending existing guidance to improve consistent application. This ASU is effective for the annual period beginning after December 15, 2020, including interim periods within that annual period. The Company adopted this ASU effective February 1, 2021, and the adoption did not have a material impact on the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies the disclosure requirements on fair value measurement by removing, modifying and adding certain disclosures. This ASU is effective for the annual period beginning after December 15, 2019, including interim periods within that annual period. The Company adopted this guidance effective February 1, 2020. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

Assets Held for Sale and Disc_2

Assets Held for Sale and Discontinued Operations (Tables)	3 Months Ended
	Apr. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations, Including Balance Sheet, Income Statement, Cash Flow, and Additional Disclosures	The assets reported as held for sale consist of the following: April 30, 2021 January 31, 2021 Current assets of discontinued operations: Accounts receivable, net 1,310 1,668 Inventories, net 47 352 Prepaid expenses and other current assets 340 150 Seismic equipment lease pool and property and equipment, net 2,389 2,151 Total assets of discontinued operations $ 4,086 $ 4,321 The liabilities reported as held for sale consist of the following: April 30, 2021 January 31, 2021 Current liabilities of discontinued operations: Accounts payable $ 13 $ 59 Deferred revenue 73 73 Accrued expenses and other current liabilities 915 831 Income taxes payable (receivable) (29) — Total liabilities of discontinued operations 972 963 The results of operations from discontinued operations for the three months ended April 30, 2021 and 2020, consist of the following: For the Three Months Ended April 30, 2021 2020 Revenues: Revenue from discontinued operations $ 30 $ 4,188 Cost of sales: Cost of discontinued operations 373 2,484 Operating expenses: Selling, general and administrative 342 1,700 Recovery of doubtful accounts (443) — Depreciation and amortization 1 44 Total operating expenses (100) 1,744 Operating loss (243) (40) Other income (expenses) (39) 3 Loss before income taxes (282) (37) Provision for income taxes (1) (178) Net loss (283) (215) The significant operating and investing noncash items and capital expenditures related to discontinued operations are summarized below: For the Three Months Ended April 30, 2021 2020 Depreciation and amortization $ — $ 971 Gross profit from sale of lease pool equipment $ — $ (852) Recovery of doubtful accounts $ 443 $ — Purchase of seismic equipment held for lease $ — $ (110) Sale of used lease pool equipment $ — $ 1,414 Sale of assets held for sale $ 187 $ —

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition: Three Months Ended April 30, 2021 2020 Revenue recognized at a point in time: (in thousands) Seamap $ 2,913 $ 2,014 Klein 1,150 998 Total revenue recognized at a point in time $ 4,063 $ 3,012 Revenue recognized over time: Seamap $ 131 $ 175 Total revenue recognized over time 131 175 Total revenue from contracts with customers $ 4,194 $ 3,187 The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended April 30, 2021 2020 (in thousands) United States $ 359 $ 1,075 Europe, Russia & CIS 2,582 1,376 Middle East & Africa 14 76 Asia-Pacific 705 302 Canada & Latin America 534 358 Total revenue from contracts with customers $ 4,194 $ 3,187
Contract with Customer, Asset and Liability	As of April 30, 2021, and January 31, 2020, contract assets and liabilities consisted of the following: April 30, 2021 January 31, 2021 Contract Assets: (in thousands) Unbilled revenue - current $ 136 $ 85 Total unbilled revenue $ 136 $ 85 Contract Liabilities: Deferred revenue & customer deposits - current $ 681 $ 691 Deferred revenue & customer deposits - non-current — — Total deferred revenue & customer deposits $ 681 $ 691

Balance Sheet - Continuing Op_2

Balance Sheet - Continuing Operations (Tables)	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable	As of April 30, 2021 As of January 31, 2021 Current Long-term Total Current Long-term Total Accounts receivable $ 4,601 $ — $ 4,601 $ 5,695 $ — $ 5,695 Less allowance for doubtful accounts (952) — (952) (948) — (948) Accounts receivable net of allowance for doubtful accounts $ 3,649 $ — $ 3,649 $ 4,747 $ — $ 4,747
Schedule of Inventories	April 30, 2021 January 31, 2021 (in thousands) Inventories: Raw materials $ 7,276 $ 6,905 Finished goods 3,823 3,466 Work in progress 2,453 2,445 13,552 12,816 Less allowance for obsolescence (1,383) (1,363) Total inventories, net $ 12,169 $ 11,453
Schedule of Seismic Equipment Lease Pool and Property and Equipment	April 30, 2021 January 31, 2021 (in thousands) Property and equipment: Marine seismic service equipment $ 4,533 $ 5,969 Land and buildings 4,384 4,354 Furniture and fixtures 9,776 9,750 Autos and trucks 491 491 19,184 20,564 Accumulated depreciation and amortization (14,598) (15,813) Total property and equipment, net $ 4,586 $ 4,751

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases as of April 30, 2021 and January 31, 2021 were as follows (in thousands): Lease April 30, 2021 January 31, 2021 Assets Operating lease assets $ 1,138 $ 1,471 Liabilities Operating lease liabilities $ 1,138 $ 1,471 Classification of lease liabilities Current liabilities $ 665 $ 1,008 Non-current liabilities 473 463 Total Operating lease liabilities $ 1,138 $ 1,471
Supplemental Cash Flow Information	Lease-term and discount rate details as of April 30, 2021 and January 31, 2021 were as follows: Lease term and discount rate April 30, 2021 January 31, 2021 Weighted average remaining lease term (years) Operating leases 1.11 1.09 Weighted average discount rate: Operating leases 9.36 % 10 % Supplemental cash flow information related to leases was as follows (in thousands): Lease Three Months Ended April 30, 2021 Three Months Ended April 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (309) $ (293) Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 309 $ 293
Maturities of Lease Liabilities	Maturities of lease liabilities at April 30, 2021 were as follows (in thousands): April 30, 2021 2022 $ 665 2023 397 2024 102 2025 58 2026 24 Thereafter — Total payments under lease agreements $ 1,246 Less: imputed interest (108) Total lease liabilities $ 1,138

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Weighted Average Life at 4/30/2021 April 30, 2021 January 31, 2021 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Goodwill $ 7,060 $ — $ (7,060) $ — $ 7,060 $ — $ (7,060) $ — Proprietary rights 7.0 $ 7,784 $ (3,807) $ — $ 3,977 $ 7,781 $ (3,688) $ — $ 4,093 Customer relationships 0.6 5,024 (4,677) — 347 5,024 (4,513) — 511 Patents 3.3 2,440 (1,590) — 850 2,440 (1,528) — 912 Trade name 5.1 894 (77) (760) 57 894 (74) (760) 60 Developed technology 4.7 1,430 (762) — 668 1,430 (727) — 703 Other 3.1 684 (246) — 438 684 (213) — 471 Amortizable intangible assets $ 18,256 $ (11,159) $ (760) $ 6,337 $ 18,253 $ (10,743) $ (760) $ 6,750
Future Estimated Amortization Expense Related to Amortizable Intangible Assets	As of April 30, 2021, future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2022 $ 896 2023 1,125 2024 989 2025 795 2026 658 Thereafter 1,874 Total $ 6,337

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation	The following table presents the calculation of basic and diluted weighted average common shares used in the earnings per share calculation: Three Months Ended April 30, 2021 2020 (in thousands) Basic weighted average common shares outstanding 13,759 12,172 Stock options 94 — Unvested restricted stock 27 4 Total weighted average common share equivalents 121 4 Diluted weighted average common shares outstanding 13,880 12,176

Organization (Details)

Organization (Details) $ in Millions	Apr. 30, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital	$ 15.2
Cash included in working capital	2
Backlog of firm orders	$ 11

Assets Held for Sale and Disc_3

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Current assets of discontinued operations:
Total current assets of discontinued operations	$ 4,086	$ 4,321
Current liabilities of discontinued operations:
Total current liabilities of discontinued operations	972	963
Discontinued Operations, Held-for-sale
Current assets of discontinued operations:
Accounts receivable, net	1,310	1,668
Inventories, net	47	352
Prepaid expenses and other current assets	340	150
Seismic equipment lease pool and property and equipment, net	2,389	2,151
Total current assets of discontinued operations	4,086	4,321
Current liabilities of discontinued operations:
Accounts payable	13	59
Deferred revenue	73	73
Accrued expenses and other current liabilities	915	831
Income taxes payable (receivable)	(29)	0
Total current liabilities of discontinued operations	$ 972	$ 963

Assets Held for Sale and Disc_4

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Recovery of doubtful accounts	$ (453)	$ 0
Net loss	(283)	(215)
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue from discontinued operations	30	4,188
Cost of discontinued operations	373	2,484
Selling, general and administrative	342	1,700
Recovery of doubtful accounts	(443)	0
Depreciation and amortization	1	44
Total operating expenses	(100)	1,744
Operating loss	(243)	(40)
Other income (expenses)	(39)
Other income (expenses)		3
Loss before income taxes	(282)	(37)
Provision for income taxes	(1)	(178)
Net loss	$ (283)	$ (215)

Assets Held for Sale and Disc_5

Assets Held for Sale and Discontinued Operations - Schedule of Discontinued Operations, Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Recovery of doubtful accounts	$ 453	$ 0
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	0	971
Gross profit from sale of lease pool equipment	0	(852)
Recovery of doubtful accounts	443	0
Purchase of seismic equipment held for lease	0	(110)
Sale of used lease pool equipment	0	1,414
Sale of assets held for sale	$ 187	$ 0

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Revenue Disaggregation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 4,194	$ 3,187
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	4,063	3,012
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	131	175
Seamap | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,913	2,014
Seamap | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	131	175
Klein | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 1,150	$ 998

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Revenue Disaggregated by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 4,194	$ 3,187
United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	359	1,075
Europe, Russia & CIS
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,582	1,376
Middle East & Africa
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	14	76
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	705	302
Canada & Latin America
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 534	$ 358

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Assets And Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Jan. 31, 2021
Contract Assets:
Unbilled revenue - current	$ 136	$ 85
Total unbilled revenue	136	85
Contract Liabilities:
Deferred revenue & customer deposits - current	681	691
Deferred revenue & customer deposits - non-current	0	0
Total deferred revenue & customer deposits	$ 681	$ 691
Minimum
Contract With Customers [Line Items]
Contract with customers, turn over period (in months)	3 months
Maximum
Contract With Customers [Line Items]
Contract with customers, turn over period (in months)	9 months

Balance Sheet - Continuing Op_3

Balance Sheet - Continuing Operations - Accounts Receivable (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Current
Accounts receivable	$ 4,601	$ 5,695
Less allowance for doubtful accounts	(952)	(948)
Accounts receivable net of allowance for doubtful accounts	3,649	4,747
Long-term
Accounts receivable	0	0
Less allowance for doubtful accounts	0	0
Accounts receivable net of allowance for doubtful accounts	0	0
Total
Accounts receivable	4,601	5,695
Less allowance for doubtful accounts	(952)	(948)
Accounts receivable net of allowance for doubtful accounts	$ 3,649	$ 4,747

Balance Sheet - Continuing Op_4

Balance Sheet - Continuing Operations - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Inventories:
Raw materials	$ 7,276	$ 6,905
Finished goods	3,823	3,466
Work in progress	2,453	2,445
Cost of inventories	13,552	12,816
Less allowance for obsolescence	(1,383)	(1,363)
Total inventories, net	$ 12,169	$ 11,453

Balance Sheet - Continuing Op_5

Balance Sheet - Continuing Operations - Schedule of Seismic Equipment Lease Pool and Property and Equipment (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Property and equipment:
Property and equipment	$ 19,184	$ 20,564
Accumulated depreciation and amortization	(14,598)	(15,813)
Total property and equipment, net	4,586	4,751
Marine seismic service equipment
Property and equipment:
Property and equipment	4,533	5,969
Land and buildings
Property and equipment:
Property and equipment	4,384	4,354
Furniture and fixtures
Property and equipment:
Property and equipment	9,776	9,750
Autos and trucks
Property and equipment:
Property and equipment	$ 491	$ 491

Balance Sheet - Continuing Op_6

Balance Sheet - Continuing Operations - Additional Information (Detail)	12 Months Ended
	Jan. 31, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impairment of long-lived assets	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2021USD ($)
Leases [Abstract]
Lease expense	$ 309
Short-term lease expense	$ 10

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Assets
Operating lease right-of-use assets	$ 1,138	$ 1,471
Liabilities
Operating lease liabilities	1,138	1,471
Current liabilities	665	1,008
Non-current liabilities	473	463
Total Operating lease liabilities	$ 1,138	$ 1,471
Weighted average remaining lease term (years)
Operating leases	1 year 1 month 9 days	1 year 1 month 2 days
Weighted average discount rate:
Operating leases	9.36%	10.00%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (309)	$ (293)
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$ 309	$ 293

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Leases [Abstract]
2022	$ 665
2023	397
2024	102
2025	58
2026	24
Thereafter	0
Total payments under lease agreements	1,246
Less: imputed interest	(108)
Total lease liabilities	$ 1,138	$ 1,471

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Net Carrying Amount (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Gross Carrying Amount	$ 7,060	$ 7,060
Goodwill, Impairment	(7,060)	(7,060)
Goodwill, Net Carrying Amount	0	0
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18,256	18,253
Accumulated Amortization	(11,159)	(10,743)
Impairment	(760)	(760)
Net Carrying Amount	$ 6,337	6,750
Proprietary rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	7 years
Gross Carrying Amount	$ 7,784	7,781
Accumulated Amortization	(3,807)	(3,688)
Net Carrying Amount	$ 3,977	4,093
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	7 months 6 days
Gross Carrying Amount	$ 5,024	5,024
Accumulated Amortization	(4,677)	(4,513)
Net Carrying Amount	$ 347	511
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	3 years 3 months 18 days
Gross Carrying Amount	$ 2,440	2,440
Accumulated Amortization	(1,590)	(1,528)
Net Carrying Amount	$ 850	912
Trade name
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	5 years 1 month 6 days
Gross Carrying Amount	$ 894	894
Accumulated Amortization	(77)	(74)
Impairment	(760)	(760)
Net Carrying Amount	$ 57	60
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	4 years 8 months 12 days
Gross Carrying Amount	$ 1,430	1,430
Accumulated Amortization	(762)	(727)
Net Carrying Amount	$ 668	703
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life (in years)	3 years 1 month 6 days
Gross Carrying Amount	$ 684	684
Accumulated Amortization	(246)	(213)
Net Carrying Amount	$ 438	$ 471

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment expense, percentage of gross carrying amount of goodwill			100.00%
Aggregate amortization expense	$ 412	$ 460

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Future Estimated Amortization Expense Related to Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
For fiscal years ending January 31
2022	$ 896
2023	1,125
2024	989
2025	795
2026	658
Thereafter	1,874
Net Carrying Amount	$ 6,337	$ 6,750

Notes Payable (Details)

Notes Payable (Details) - Paycheck Protection Program, CARES Act - USD ($)	May 05, 2020	Feb. 28, 2021	Jan. 31, 2021	Apr. 30, 2021
Debt Instrument [Line Items]
Proceeds from PPP loan	$ 1,600,000
Interest rate (as a percent)	1.00%
Loan forgiveness			$ 757,000
Outstanding balance under the Loans				$ 0
Klein Associates Inc.
Debt Instrument [Line Items]
Loan forgiveness		$ 850,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (145,000)	$ 342,000
Pre-tax net loss	3,846,000	6,085,000
Deferred tax liability associated with the undistributed foreign earnings	0
Tax expense or benefit related to uncertain tax positions	$ 0	$ 0

Earnings per Share - Basic and

Earnings per Share - Basic and Diluted Weighted Average Common Shares Used in Earnings Per Share Calculation (Detail) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	13,759	12,172
Stock options	94	0
Unvested restricted stock	27	4
Total weighted average common share equivalents	121	4
Diluted weighted average common shares outstanding	13,880	12,176

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2020	Jan. 31, 2021	Sep. 30, 2020	Aug. 03, 2020	Aug. 02, 2020	Dec. 18, 2019
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)		2,000,000			2,000,000		2,000,000	1,000,000
Preferred stock, par value (in usd per share)		$ 1			$ 1
Maximum number of common stock to be issued (in shares)		40,000,000			40,000,000		40,000,000	20,000,000
Common stock, par value (in usd per share)		$ 0.01			$ 0.01
Net proceeds from common stock offering		$ 42,000	$ 0
Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Maximum number of common stock to be issued (in shares)						5,000,000
Common stock, par value (in usd per share)						$ 0.01
Series A Preferred Stock | Non-Executive Chairman
Related Party Transaction [Line Items]
Equity distribution compensation expenses		$ 0
Series A Preferred Stock | Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)						500,000			500,000
Preferred stock dividend rate	9.00%
Preferred stock, par value (in usd per share)									$ 1
Percentage of compensation fees to be paid	2.00%
Stock issued during period (in shares)	994,046	20,960
Preferred stock issued from at the market sale of stock program (as a percent)				100.00%
Net proceeds from preferred stock		$ 503,000
Equity distribution compensation expenses		10,000
Common Stock | Non-Executive Chairman
Related Party Transaction [Line Items]
Equity distribution compensation expenses		$ 0
Common Stock | Ladenburg Thalmann & Co. Inc.
Related Party Transaction [Line Items]
Stock issued during period (in shares)		18,053
Equity distribution compensation expenses		$ 1,000
Net proceeds from common stock offering		$ 42,000

Equity and Stock-Based Compen_2

Equity and Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Equity [Abstract]
Quarterly dividends declared (in usd per share)	$ 0.5625
Compensation expense related to stock-based awards granted	$ 109	$ 230

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	3 Months Ended
	Apr. 30, 2021segment
Segment Reporting [Abstract]
Number of operating segments	1

Corporate Restructuring (Detail

Corporate Restructuring (Details) - shares	Apr. 30, 2021	Jan. 31, 2021	Aug. 03, 2020	Aug. 02, 2020
Restructuring and Related Activities [Abstract]
Capital stock, shares authorized (in shares)			42,000,000	21,000,000
Common stock, shares authorized (in shares)	40,000,000	40,000,000	40,000,000	20,000,000
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000	2,000,000	1,000,000