MIND Technology (MIND) 10-Q 5 Sep 19 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2019	Sep. 03, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	MITCHAM INDUSTRIES INC
Entity Central Index Key	0000926423
Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		12,128,399
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,489	$ 9,389
Restricted cash	150	160
Accounts receivable, net of allowance for doubtful accounts of $2,073 and $2,113 at July 31, 2019 and January 31, 2019, respectively	10,649	12,082
Inventories, net	13,115	10,774
Prepaid expenses and other current assets	3,323	1,735
Assets held for sale	0	2,202
Total current assets	34,726	36,342
Seismic equipment lease pool and property and equipment, net	11,841	14,155
Operating lease right-of-use assets	2,738
Intangible assets, net	9,909	10,495
Goodwill	2,531	2,531
Deferred tax asset	68	68
Long-term receivables, net of allowance for doubtful accounts of $- at July 31, 2019 and January 31, 2019	90	712
Other assets	1,144	712
Long-term assets held for sale	0	286
Total assets	63,047	65,301
Current liabilities:
Accounts payable	1,977	1,534
Deferred revenue	405	1,040
Accrued expenses and other current liabilities	4,650	3,738
Income taxes payable	177	224
Operating lease liabilities - current	720
Liabilities held for sale	0	892
Total current liabilities	7,929	7,428
Operating lease liabilities - non-current	2,018
Other non-current liabilities	1,086	1,195
Total liabilities	11,033	8,623
Shareholders’ equity:
Preferred stock, $1.00 par value; 1,000 shares authorized; 917 and 830 shares issued and outstanding at July 31, 2019 and January 31, 2019, respectively	20,310	18,330
Common stock, $0.01 par value; 20,000 shares authorized; 14,058 and 14,049 shares issued at July 31, 2019 and January 31, 2019, respectively	141	140
Additional paid-in capital	123,452	123,085
Treasury stock, at cost (1,929 shares at July 31, 2019 and January 31, 2019)	(16,860)	(16,860)
Accumulated deficit	(70,494)	(63,973)
Accumulated other comprehensive loss	(4,535)	(4,044)
Total shareholders’ equity	52,014	56,678
Total liabilities and shareholders’ equity	$ 63,047	$ 65,301

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, current	$ 2,073	$ 2,113
Allowance for doubtful accounts, non-current	$ 0	$ 0
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	917,000	830,000
Preferred stock, shares outstanding (in shares)	917,000	830,000
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	14,058,000	14,049,000
Treasury stock, shares (in shares)	1,929,000	1,929,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Revenues:
Sale of marine technology products	$ 6,723	$ 5,877	$ 12,700	$ 9,443
Equipment leasing	1,374	1,630	4,697	4,327
Sale of lease pool equipment and other equipment	801	843	1,358	2,193
Total revenues	8,898	8,350	18,755	15,963
Cost of sales:
Sale of marine technology products	3,887	3,216	7,342	5,302
Equipment leasing (including lease pool depreciation of $1,143 and $2,445 for the three months ended July 31, 2019 and 2018, respectively, and $2,589 and $5,099 for the six months ended July 31, 2019 and 2018 respectively)	1,880	3,242	4,291	6,824
Equipment sales	249	32	499	732
Total cost of sales	6,016	6,490	12,132	12,858
Gross profit	2,882	1,860	6,623	3,105
Operating expenses:
Selling, general and administrative	4,795	5,504	10,027	11,134
Research and development	498	312	813	682
Provision for doubtful accounts	0	0	0	200
Depreciation and amortization	651	620	1,301	1,237
Total operating expenses	5,944	6,436	12,141	13,253
Operating loss	(3,062)	(4,576)	(5,518)	(10,148)
Other income (expense):
Interest (expense) income, net	(11)	17	(22)	35
Other, net	(15)	55	92	141
Total other (expense) income	(26)	72	70	176
Loss before income taxes	(3,088)	(4,504)	(5,448)	(9,972)
Provision for income taxes	(48)	(85)	(103)	(522)
Net loss	(3,136)	(4,589)	(5,551)	(10,494)
Preferred stock dividends	(499)	(411)	(970)	(796)
Net loss attributable to common shareholders	$ (3,635)	$ (5,000)	$ (6,521)	$ (11,290)
Net loss per common share:
Basic (in usd per share)	$ (0.30)	$ (0.41)	$ (0.54)	$ (0.93)
Diluted (in usd per share)	$ (0.30)	$ (0.41)	$ (0.54)	$ (0.93)
Shares used in computing net loss per common share:
Basic (in shares)	12,128	12,093	12,124	12,090
Diluted (in shares)	12,128	12,093	12,124	12,090

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
Lease pool depreciation	$ 1,143	$ 2,445	$ 2,589	$ 5,099

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss attributable to common shareholders	$ (3,635)	$ (5,000)	$ (6,521)	$ (11,290)
Change in cumulative translation adjustment for sale of foreign entity	0	0	(331)	0
Other changes in cumulative translation adjustment	(41)	(142)	(160)	(379)
Comprehensive loss attributable to common shareholders	$ (3,676)	$ (5,142)	$ (7,012)	$ (11,669)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Cash flows from operating activities:
Net loss	$ (5,551)	$ (10,494)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,960	6,399
Stock-based compensation	341	368
Provision for doubtful accounts, net of charge offs	0	200
Provision for inventory obsolescence	0	115
Gross profit from sale of lease pool equipment	(780)	(1,246)
Deferred tax expense	135	(306)
Changes in:
Accounts receivable	100	2,227
Unbilled revenue	3	(341)
Inventories	(2,372)	(1,406)
Prepaid expenses and other current assets	(11)	(1,435)
Income taxes receivable and payable	(47)	665
Accounts payable, accrued expenses and other current liabilities	632	(1,551)
Deferred revenue	(50)	942
Foreign exchange losses net of gains	137	64
Net cash used in operating activities	(3,503)	(5,799)
Cash flows from investing activities:
Purchases of seismic equipment held for lease	(230)	(1,386)
Acquisition of assets	0	(3,000)
Purchases of property and equipment	(573)	(487)
Sale of used lease pool equipment	1,186	2,792
Sale of business, net of cash sold	239	0
Net cash provided by (used in) investing activities	622	(2,081)
Cash flows from financing activities:
Proceeds from exercise of stock options	26	0
Net proceeds from preferred stock offering	1,980	5,450
Preferred stock dividends	(970)	(796)
Net cash provided by financing activities	1,036	4,654
Effect of changes in foreign exchange rates on cash, cash equivalents and restricted cash	(65)	189
Net decrease in cash, cash equivalents and restricted cash	(1,910)	(3,037)
Cash, cash equivalents and restricted cash, beginning of period	9,549	10,146
Cash, cash equivalents and restricted cash, end of period	7,639	7,109
Supplemental cash flow information:
Interest paid	27	2
Income taxes paid	182	268
Purchases of seismic equipment held for lease in accounts payable at end of period	$ 0	$ 264

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balances (in shares) at Jan. 31, 2018		14,019	532
Beginning balances at Jan. 31, 2018	$ 65,849	$ 140	$ 11,544	$ 122,304	$ (16,860)	$ (42,425)	$ (8,854)
Net loss	(5,905)					(5,905)
Foreign currency translation	(237)						(237)
Preferred stock offering (in shares)			166
Preferred stock offering	3,768		$ 3,768
Preferred stock dividends	(385)					(385)
Stock-based compensation	126			126
Ending balances (in shares) at Apr. 30, 2018		14,019	698
Ending balances at Apr. 30, 2018	63,216	$ 140	$ 15,312	122,430	(16,860)	(48,715)	(9,091)
Beginning balances (in shares) at Jan. 31, 2018		14,019	532
Beginning balances at Jan. 31, 2018	65,849	$ 140	$ 11,544	122,304	(16,860)	(42,425)	(8,854)
Net loss	(10,494)
Ending balances (in shares) at Jul. 31, 2018		14,049	768
Ending balances at Jul. 31, 2018	59,954	$ 140	$ 16,949	122,672	(16,860)	(53,715)	(9,232)
Beginning balances (in shares) at Apr. 30, 2018		14,019	698
Beginning balances at Apr. 30, 2018	63,216	$ 140	$ 15,312	122,430	(16,860)	(48,715)	(9,091)
Net loss	(4,589)					(4,589)
Foreign currency translation	(141)						(141)
Restricted stock issued (in shares)		30
Restricted stock issued	0
Preferred stock offering (in shares)			70
Preferred stock offering	1,637		$ 1,637
Preferred stock dividends	(411)					(411)
Stock-based compensation	242			242
Ending balances (in shares) at Jul. 31, 2018		14,049	768
Ending balances at Jul. 31, 2018	59,954	$ 140	$ 16,949	122,672	(16,860)	(53,715)	(9,232)
Beginning balances (in shares) at Jan. 31, 2019		14,049	830
Beginning balances at Jan. 31, 2019	56,678	$ 140	$ 18,330	123,085	(16,860)	(63,973)	(4,044)
Net loss	(2,415)					(2,415)
Foreign currency translation	(450)						(450)
Preferred stock offering (in shares)			17
Preferred stock offering	409		$ 409
Preferred stock dividends	(471)					(471)
Stock-based compensation	172			172
Ending balances (in shares) at Apr. 30, 2019		14,049	847
Ending balances at Apr. 30, 2019	53,923	$ 140	$ 18,739	123,257	(16,860)	(66,859)	(4,494)
Beginning balances (in shares) at Jan. 31, 2019		14,049	830
Beginning balances at Jan. 31, 2019	56,678	$ 140	$ 18,330	123,085	(16,860)	(63,973)	(4,044)
Net loss	(5,551)
Ending balances (in shares) at Jul. 31, 2019		14,058	917
Ending balances at Jul. 31, 2019	52,014	$ 141	$ 20,310	123,452	(16,860)	(70,494)	(4,535)
Beginning balances (in shares) at Apr. 30, 2019		14,049	847
Beginning balances at Apr. 30, 2019	53,923	$ 140	$ 18,739	123,257	(16,860)	(66,859)	(4,494)
Net loss	(3,136)					(3,136)
Foreign currency translation	(41)						(41)
Equity Compensation (in shares)		9
Equity Compensation	26	$ 1		25
Preferred stock offering (in shares)			70
Preferred stock offering	1,571		$ 1,571
Preferred stock dividends	(499)					(499)
Stock-based compensation	170			170
Ending balances (in shares) at Jul. 31, 2019		14,058	917
Ending balances at Jul. 31, 2019	$ 52,014	$ 141	$ 20,310	$ 123,452	$ (16,860)	$ (70,494)	$ (4,535)

Organization

Organization	6 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Mitcham Industries, Inc., a Texas corporation (the “Company”), was incorporated in 1987. The Company, through its wholly owned subsidiary, Seamap International Holdings Pte, Ltd. (“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 New Hampshire, Singapore, Malaysia, the United Kingdom and Huntsville, Texas. The Company, together with its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), its wholly owned Singaporean subsidiary, Mitcham Marine Leasing Pte. Ltd. (“MML”), and its branch operations in Colombia, provides full-service equipment leasing, sales and service to the seismic industry worldwide. During the three months ended April 30, 2019 the Company sold its wholly owned Australian subsidiary Seismic Asia Pacific Pty Ltd (“SAP”) and in August 2018 the Company sold its wholly owned Russian subsidiary, Mitcham Seismic Eurasia LLC (“MSE”). See Note 13 to our condensed consolidated financial statements for more information. All intercompany transactions and balances have been eliminated in consolidation.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated balance sheet as of January 31, 2019 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, 2019 . 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 July 31, 2019 , the results of operations for the three and six months ended July 31, 2019 and 2018 , the cash flows for the three and six months ended July 31, 2019 and 2018 , and the statement of shareholders’ equity for the six months ended July 31, 2019 and 2018 , 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, 2020.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jul. 31, 2019
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the SEC adopted amendments to simplify certain disclosure requirements, as set forth in Securities Act Release No. 33-10532, Disclosure Update and Simplification, which includes a requirement for entities to present the changes in shareholders’ equity in the interim financial statements in quarterly reports on Form 10-Q. This amendment is effective for all filings made on or after November 5, 2018. In light of the timing of effectiveness of the amendment and proximity to the filing date for most filers’ quarterly reports, the SEC has allowed for a filer’s first presentation of the changes in shareholders’ equity to be included in its Form 10-Q for the quarter that begins after the effective date. The Company adopted the SEC’s amendment to interim disclosures in the first quarter of fiscal year 2020 and has presented the changes in shareholders’ equity on an interim basis. In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective February 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at February 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 7 to our condensed consolidated financial statements for additional details. 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 is currently evaluating the new guidance to determine the impact it will have on the Company’s consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (“Topic 718”): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees except for certain circumstances. Any transition impact will be a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. The Company adopted this guidance in the first fiscal quarter of 2019 and it did not have a material impact on its consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jul. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Effective February 1, 2018 the Company adopted ASU 2014-09 as amended, (“New Revenue Standard” or “Topic 606”), using the modified retrospective method applied to those contracts which were not completed as of February 1, 2018. Results for reporting periods beginning after January 31, 2018 are presented under Topic 606 and pertain only to our Marine Technology Products segment. Revenues related to our Equipment Leasing segment are not included in the scope of Topic 606. The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition: Three Months Ended July 31, Six Months Ended July 31, 2019 2018 2019 2018 Revenue recognized at a point in time: (in thousands) Seamap $ 4,836 $ 3,611 $ 8,954 $ 5,156 Klein 1,841 1,401 3,398 2,877 SAP — 797 101 1,277 Total revenue recognized at a point in time $ 6,677 $ 5,809 $ 12,453 — $ 9,310 Revenue recognized over time: Seamap $ 68 $ 203 $ 274 $ 410 Total revenue recognized over time 68 203 274 — 410 Total revenue from contracts with customers $ 6,745 $ 6,012 $ 12,727 — $ 9,720 The revenue from products manufactured and sold by our Seamap and Klein businesses, as well as the revenue from products marketed and sold by our SAP business, 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. The Company sold SAP during the quarter ended April 30, 2019. See Note 13 to our condensed consolidated financial statements for more information. The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended July 31, Six Months Ended July 31, 2019 2018 2019 2018 (in thousands) United States $ 1,084 $ 1,124 $ 1,841 $ 1,252 Europe, Russia & CIS 2,563 2,747 5,167 4,766 Middle East & Africa 358 122 549 636 Asia-Pacific 1,835 1,979 3,108 2,679 Canada & Latin America 905 40 2,062 387 Total revenue from contracts with customers $ 6,745 $ 6,012 $ 12,727 $ 9,720 As of July 31, 2019 and January 31, 2019 contract assets and liabilities consisted of the following: July 31, 2019 January 31, 2019 Contract Assets: (in thousands) Unbilled revenue - current $ 343 $ 340 Total unbilled revenue $ 343 $ 340 Contract Liabilities: Deferred revenue & customer deposits - current $ 512 $ 556 Deferred revenue & customer deposits - non-current 6 11 Total deferred revenue & customer deposits $ 518 $ 567 Considering the products manufactured and sold by the businesses in our Marine Technology Products segment 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 to six months. Pursuant to practical expedients and exemptions included in the New Revenue Standard, sales and transaction-based taxes are excluded from revenue. Also, we do not disclose the value of unsatisfied performance obligations for contacts 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.

Acquisition of Assets

Acquisition of Assets	6 Months Ended
	Jul. 31, 2019
Business Combinations [Abstract]
Acquisition of Assets	Acquisition of Assets In February 2018 the Company completed the acquisition of intellectual property and certain other assets from Hydroscience Technologies, Inc. and Solid Seismic LLC (collectively “Hydroscience”). Hydroscience designed, manufactured and sold marine sensors and solid streamer technology products primarily for the hydrographic and seismic industries. In April 2017 Hydroscience filed for bankruptcy protection. Mitcham acquired the assets pursuant to an Asset Purchase Agreement and Sale Order (collectively the “Agreement”) that were approved by the bankruptcy court on January 31, 2018. Under the terms of the Agreement, Mitcham acquired certain specified intangible and tangible assets free and clear of all prior claims and encumbrances, and assumed no liabilities, contracts or prior warranty obligations. Details of the purchase price and the allocation of the purchase price to the assets acquired are as follows (in thousands): Purchase Price: Cash $ 3,000 Release of claims against Hydroscience 1,144 Transaction costs 312 Total purchase price $ 4,456 Allocation of purchase price: Inventory $ 206 Tangible assets (mainly manufacturing equipment) 350 Intangible assets (including patents, designs & software) 3,900 Total purchase price $ 4,456 The cash portion of the purchase price and other related costs were financed with the sale of 174,046 shares of our 9% Series A Cumulative Preferred Stock to Mitsubishi Heavy Industries, Inc. ("MHI") for $4.0 million .

Balance Sheet

Balance Sheet	6 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet	Balance Sheet As of July 31, 2019 As of January 31, 2019 Current Long-term Total Current Long-term Total Accounts receivable $ 12,722 $ 90 $ 12,812 $ 14,195 $ 712 $ 14,907 Less allowance for doubtful accounts (2,073 ) — (2,073 ) (2,113 ) — (2,113 ) Accounts receivable net of allowance for doubtful accounts $ 10,649 $ 90 $ 10,739 $ 12,082 $ 712 $ 12,794 As of July 31, 2019 , the Company has structured payment agreements with two customers totaling $2.1 million . As of January 31, 2019 , the Company had structured payment agreements with three customers totaling $3.0 million . Payments expected to be received in more than one year have been classified as long-term receivables and total $90,000 and $712,000 as of July 31, 2019 and January 31, 2019 , respectively. The structured payment agreements bear interest at an average rate of approximately 3.2% and 3.6% as of July 31, 2019 and January 31, 2019 , respectively. The remaining repayment terms of the structured payment agreements range from one to 30 months . July 31, 2019 January 31, 2019 (in thousands) Inventories: Raw materials $ 7,060 $ 5,446 Finished goods 2,300 5,229 Work in progress 4,857 1,322 14,217 11,997 Less allowance for obsolescence (1,102 ) (1,223 ) Total inventories, net $ 13,115 $ 10,774 July 31, 2019 January 31, 2019 (in thousands) Seismic equipment lease pool and property and equipment: Seismic equipment lease pool $ 143,894 $ 147,519 Land and buildings 4,055 4,041 Furniture and fixtures 10,205 9,897 Autos and trucks 570 571 158,724 162,028 Accumulated depreciation and amortization (146,883 ) (147,873 ) Total seismic equipment lease pool and property and equipment, net $ 11,841 $ 14,155 As of January 31, 2019 , 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, 2019 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 July 31, 2019 .

Leases

Leases	6 Months Ended
	Jul. 31, 2019
Leases [Abstract]
Leases	Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted. In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. The Company adopted the standard effective February 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at February 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions. We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, February 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of February 1, 2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component. The Company has certain non-cancelable operating lease agreements for office, production and warehouse space in The Woodlands, Texas, Budapest, Hungary, Singapore, Jahor, Malaysia, Bogota, Colombia, Shepton Mallet, United Kingdom and Calgary, Alberta. The new standard did have a material impact on our consolidated balance sheet related to recording right-of-use assets and the corresponding lease liabilities for our operating leases by approximately $3.0 million , each. The new standard did not have a material impact on our consolidated statements of operations or our statements of cash flows. Lease expense for the three and six months ended July 31, 2019 was approximately $290,000 and $590,000 , respectively, and was recorded as a component of operating loss. Included in these costs was short-term lease expense of approximately $10,000 and $20,000 , respectively for the three and six months ended July 31, 2019. The Company determined to treat lease costs with an original maturity of less than one year as short-term lease costs and did not record a right-of-use asset or related lease liability for these leases. Supplemental balance sheet information related to leases as of July 31, 2019 was as follows (in thousands): Lease July 31, 2019 April 30, 2019 Impact of ASC 842 Transition Assets Operating Leases $ 2,738 $ 3,014 $ 2,710 Liabilities Operating lease liabilities $ 2,738 $ 3,014 $ 2,710 Classification of lease liabilities Current liabilities $ 720 $ 853 Non-current liabilities 2,018 2,161 Total Operating lease liabilities $ 2,738 $ 3,014 Lease-term and discount rate details as of July 31, 2019 were as follows: Lease term and discount rate July 31, 2019 Weighted average remaining lease term (years) Operating leases 2.2 Weighted average discount rate: Operating leases 10.02 % 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 Six Months Ended July 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 568 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 592 Maturities of lease liabilities at July 31, 2019 were as follows (in thousands): July 31, 2019 2020 $ 720 2021 1,299 2022 749 2023 199 2024 101 Thereafter 73 Total payments under lease agreements $ 3,141 Less: imputed interest (403 ) Total lease liabilities $ 2,738

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Weighted Average Life at 7/31/2019 July 31, 2019 January 31, 2019 Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount (in thousands) (in thousands) Goodwill $ 7,060 $ — $ (4,529 ) $ 2,531 $ 7,060 $ — $ (4,529 ) $ 2,531 Proprietary rights 7.5 $ 9,295 $ (4,611 ) $ — $ 4,684 $ 9,303 $ (4,292 ) $ — $ 5,011 Customer relationships 2.3 5,024 (3,489 ) — 1,535 5,024 (3,147 ) — 1,877 Patents 5.0 2,440 (1,152 ) — 1,288 2,441 (1,028 ) — 1,413 Trade name 6.8 894 (58 ) — 836 894 (52 ) — 842 Developed technology 6.4 1,430 (512 ) — 918 1,430 (441 ) — 989 Other 4.7 692 (44 ) — 648 385 (22 ) — 363 Amortizable intangible assets $ 19,775 $ (9,866 ) $ — $ 9,909 $ 19,477 $ (8,982 ) $ — $ 10,495 On January 31, 2019 , the Company completed an annual review of goodwill and other intangible assets. Based on a review of qualitative factors it was determined it was more likely than not that the fair value of our Seamap reporting unit was greater than its carrying value. During the six months ended July 31, 2019 there have been no indicators of impairment. Aggregate amortization expense was $764,000 and $889,000 for the six months ended July 31, 2019 and 2018 , respectively. As of July 31, 2019 , future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2020 $ 961 2021 1,775 2022 1,245 2023 1,141 2024 938 Thereafter 3,849 Total $ 9,909

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the six months ended July 31, 2019 the provision for income taxes was approximately $103,000 on a pre-tax net loss of $5.4 million . For the six months ended July 31, 2018 the provision for income taxes was approximately $522,000 on a pre-tax net loss of $10.0 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, plus 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 and state income tax returns are subject to examination by the Internal Revenue Service and state tax authorities for fiscal years ended January 31, 2013 through 2019. In addition, the Company's tax returns filed in foreign jurisdictions are generally subject to examination for the fiscal years ended January 31, 2014 through 2019. 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 July 31, 2019 . Furthermore, the Company has concluded that any deferred taxes with respect to the undistributed foreign earnings would be immaterial, particularly in light of the one-time repatriation of foreign earnings imposed by the Tax Cuts and Jobs Act legislation enacted in December 2017. Therefore, the Company has not recorded a deferred tax liability associated with the undistributed foreign earnings as of July 31, 2019 . For the six months ended July 31, 2019 and July 31, 2018 , the Company did not recognize any tax expense or benefit related to uncertain tax positions.

Earnings per Share

Earnings per Share	6 Months Ended
	Jul. 31, 2019
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 July 31, Six Months Ended July 31, 2019 2018 2019 2018 (in thousands) (in thousands) Basic weighted average common shares outstanding 12,128 12,093 12,124 12,090 Stock options 96 84 64 63 Unvested restricted stock 2 3 2 15 Total weighted average common share equivalents 98 87 66 78 Diluted weighted average common shares outstanding 12,226 12,180 12,190 12,168 For the three and six months ended July 31, 2019 and 2018 , 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	6 Months Ended
	Jul. 31, 2019
Related Party Transactions [Abstract]
Related Party Transaction	Related Party Transaction On October 7, 2016 the Company entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Ladenburg Thalmann & Co. Inc. (the “Agent”), pursuant to which 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 ("ATM") offering program administered by the Agent. The Co-Chief Executive Officer and Co-President of Ladenburg Thalmann & Co. Inc is the Non-Executive Chairman of the company’s board of directors. Under the Equity Distribution Agreement, the Agent will be entitled to compensation of up to 2.0% of the gross proceeds from the sale of Preferred Stock under the ATM offering program. As of July 31, 2019, the total number of shares sold pursuant to the program was 423,264 . For the three and six months ended July 31, 2019 , the Company issued 70,282 and 86,938 shares of Preferred Stock under the ATM offering program, respectively. Gross proceeds from these sales for the three and six months ended July 31, 2019 were approximately $1.7 million and $2.1 million , respectively, and the Agent received compensation of approximately $34,000 and $42,000 , respectively. The Non-Executive Chairman of the Company received no portion of this compensation.

Equity and Stock-Based Compensa

Equity and Stock-Based Compensation	6 Months Ended
	Jul. 31, 2019
Equity [Abstract]
Equity and Stock-Based Compensation	Equity and Stock-Based Compensation During the three months ended July 31, 2019 , the Company’s Board of Directors (the "Board") declared quarterly dividends of $0.5625 per share for our Preferred Stock. The Board also approved the grant of 425,000 non-qualified stock options and 37,000 shares of restricted stock during the second quarter of fiscal 2020. The non-qualified stock options had an average option price of $4.13 while the restricted stock was granted at an average price of $3.98 per share. Refer to Note 11 for additional details related to the issuance of preferred shares under the Company's ATM offering program. Total compensation expense recognized for stock-based awards granted under the Company’s equity incentive plan during the three and six months ended July 31, 2019 was approximately $169,000 and $341,000 , respectively, and during the three and six months ended July 31, 2018 was approximately $237,000 and $461,000 , respectively.

Sale of Subsidiaries

Sale of Subsidiaries	6 Months Ended
	Jul. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Sale of Subsidiaries	Sale of Subsidiaries During the quarter ended April 30, 2019, the Company completed the sale of its wholly owned Australian subsidiary, Seismic Asia Pacific Pty Ltd. for total contractual proceeds of approximately $660,000 U.S. dollars of which the Company received approximately $240,000 in cash at closing and an unsecured, non-interest bearing two years note receivable in the amount of $420,000 . The agreement also included a working capital adjustment of approximately $114,000 payable to the Company. We received payment of the working capital adjustment in August of 2019. The working capital adjustment receivable and the note receivable were recorded as other current and other non-current assets, respectively, as of July 31, 2019. In August 2018, the Company completed the sale of its wholly owned Russian subsidiary, Mitcham Seismic Eurasia LLC (the “Buyer”) for total contractual proceeds of approximately $1.2 million U.S. dollars. Our agreement with the Buyer stipulated a series of eight ( 8 ) payments totaling the contractual proceeds, plus interest accruing at a rate of 9% per annum, with the final payment to be received on or before August 31, 2019. Through July 31, 2019 the Buyer has made payments totaling approximately $495,000 . We are working with the Buyer and expect the remaining balance of contractual proceeds due, together with applicable interest, to be paid in full. The amounts due from Buyer were recorded in accounts receivable at July 31, 2019 and January 31, 2019. As a result of the sale, the Company recorded a loss of approximately $4.9 million including recognition of approximately $5.4 million of cumulative translation losses which had been historically recorded in Accumulated Other Comprehensive Loss, a component of equity.

Segment Reporting

Segment Reporting	6 Months Ended
	Jul. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting 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 UK, Singapore, Malaysia and New Hampshire, with sales offices in Huntsville, Texas and, prior to the sale of SAP in February 2019, Brisbane, Australia. See Note 13 to our condensed consolidated financial statements. The Equipment Leasing segment offers for lease or sale, new and used seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. The Equipment Leasing segment is headquartered in Huntsville, Texas, with sales and services offices in Calgary, Canada; Singapore; and, prior to the sale of MSE in August 2018, Ufa, Bashkortostan, Russia. See Note 13 to our condensed consolidated financial statements. Financial information by business segment is set forth below (net of any allocations): Total Assets As of July 31, 2019 As of January 31, 2019 (in thousands) Marine Technology Products $ 47,057 $ 44,832 Equipment Leasing 15,990 20,469 Consolidated $ 63,047 $ 65,301 Results for the three months ended July 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine Technology Products $ 6,745 $ 6,012 $ (718 ) $ (1,016 ) $ (621 ) $ (973 ) Equipment Leasing 2,175 2,473 (1,551 ) (2,655 ) (1,674 ) (2,626 ) Corporate expenses — — (793 ) (905 ) (793 ) (905 ) Eliminations (22 ) (135 ) — — — — Consolidated $ 8,898 $ 8,350 $ (3,062 ) $ (4,576 ) $ (3,088 ) $ (4,504 ) Results for the six months ended July 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine Technology Products $ 12,727 $ 9,720 $ (1,879 ) $ (3,391 ) $ (1,782 ) $ (3,322 ) Equipment Leasing 6,110 6,520 (1,940 ) (5,022 ) (1,967 ) (4,916 ) Corporate expenses — — (1,699 ) (1,735 ) (1,699 ) (1,735 ) Eliminations (82 ) (277 ) — — — 1 Consolidated $ 18,755 $ 15,963 $ (5,518 ) $ (10,148 ) $ (5,448 ) $ (9,972 ) Sales from the Marine Technology Products segment to the Equipment Leasing segment are eliminated in consolidated revenues. Consolidated income before taxes reflects the elimination of profit from intercompany sales and depreciation expense on the difference between the sales price and the cost to manufacture the equipment. Fixed assets are reduced by the difference between the sales price and the cost to manufacture the equipment, less the accumulated depreciation related to the difference.

Organization (Policies)

Organization (Policies)	6 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Mitcham Industries, Inc., a Texas corporation (the “Company”), was incorporated in 1987. The Company, through its wholly owned subsidiary, Seamap International Holdings Pte, Ltd. (“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 New Hampshire, Singapore, Malaysia, the United Kingdom and Huntsville, Texas. The Company, together with its wholly owned Canadian subsidiary, Mitcham Canada, ULC (“MCL”), its wholly owned Hungarian subsidiary, Mitcham Europe Ltd. (“MEL”), its wholly owned Singaporean subsidiary, Mitcham Marine Leasing Pte. Ltd. (“MML”), and its branch operations in Colombia, provides full-service equipment leasing, sales and service to the seismic industry worldwide. During the three months ended April 30, 2019 the Company sold its wholly owned Australian subsidiary Seismic Asia Pacific Pty Ltd (“SAP”) and in August 2018 the Company sold its wholly owned Russian subsidiary, Mitcham Seismic Eurasia LLC (“MSE”). See Note 13 to our condensed consolidated financial statements for more information. All intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The condensed consolidated balance sheet as of January 31, 2019 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, 2019 . 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 July 31, 2019 , the results of operations for the three and six months ended July 31, 2019 and 2018 , the cash flows for the three and six months ended July 31, 2019 and 2018 , and the statement of shareholders’ equity for the six months ended July 31, 2019 and 2018 , 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, 2020.
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the SEC adopted amendments to simplify certain disclosure requirements, as set forth in Securities Act Release No. 33-10532, Disclosure Update and Simplification, which includes a requirement for entities to present the changes in shareholders’ equity in the interim financial statements in quarterly reports on Form 10-Q. This amendment is effective for all filings made on or after November 5, 2018. In light of the timing of effectiveness of the amendment and proximity to the filing date for most filers’ quarterly reports, the SEC has allowed for a filer’s first presentation of the changes in shareholders’ equity to be included in its Form 10-Q for the quarter that begins after the effective date. The Company adopted the SEC’s amendment to interim disclosures in the first quarter of fiscal year 2020 and has presented the changes in shareholders’ equity on an interim basis. In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective February 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at February 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 7 to our condensed consolidated financial statements for additional details. 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 is currently evaluating the new guidance to determine the impact it will have on the Company’s consolidated financial statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (“Topic 718”): Improvements to Nonemployee Share-Based Payment Accounting, which expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees except for certain circumstances. Any transition impact will be a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. The Company adopted this guidance in the first fiscal quarter of 2019 and it did not have a material impact on its consolidated financial statements.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jul. 31, 2019
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 July 31, Six Months Ended July 31, 2019 2018 2019 2018 Revenue recognized at a point in time: (in thousands) Seamap $ 4,836 $ 3,611 $ 8,954 $ 5,156 Klein 1,841 1,401 3,398 2,877 SAP — 797 101 1,277 Total revenue recognized at a point in time $ 6,677 $ 5,809 $ 12,453 — $ 9,310 Revenue recognized over time: Seamap $ 68 $ 203 $ 274 $ 410 Total revenue recognized over time 68 203 274 — 410 Total revenue from contracts with customers $ 6,745 $ 6,012 $ 12,727 — $ 9,720 The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers: Three Months Ended July 31, Six Months Ended July 31, 2019 2018 2019 2018 (in thousands) United States $ 1,084 $ 1,124 $ 1,841 $ 1,252 Europe, Russia & CIS 2,563 2,747 5,167 4,766 Middle East & Africa 358 122 549 636 Asia-Pacific 1,835 1,979 3,108 2,679 Canada & Latin America 905 40 2,062 387 Total revenue from contracts with customers $ 6,745 $ 6,012 $ 12,727 $ 9,720
Contract with Customer, Asset and Liability	As of July 31, 2019 and January 31, 2019 contract assets and liabilities consisted of the following: July 31, 2019 January 31, 2019 Contract Assets: (in thousands) Unbilled revenue - current $ 343 $ 340 Total unbilled revenue $ 343 $ 340 Contract Liabilities: Deferred revenue & customer deposits - current $ 512 $ 556 Deferred revenue & customer deposits - non-current 6 11 Total deferred revenue & customer deposits $ 518 $ 567

Acquisition of Assets (Tables)

Acquisition of Assets (Tables)	6 Months Ended
	Jul. 31, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	Details of the purchase price and the allocation of the purchase price to the assets acquired are as follows (in thousands): Purchase Price: Cash $ 3,000 Release of claims against Hydroscience 1,144 Transaction costs 312 Total purchase price $ 4,456 Allocation of purchase price: Inventory $ 206 Tangible assets (mainly manufacturing equipment) 350 Intangible assets (including patents, designs & software) 3,900 Total purchase price $ 4,456

Balance Sheet (Tables)

Balance Sheet (Tables)	6 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts and Contracts Receivables	As of July 31, 2019 As of January 31, 2019 Current Long-term Total Current Long-term Total Accounts receivable $ 12,722 $ 90 $ 12,812 $ 14,195 $ 712 $ 14,907 Less allowance for doubtful accounts (2,073 ) — (2,073 ) (2,113 ) — (2,113 ) Accounts receivable net of allowance for doubtful accounts $ 10,649 $ 90 $ 10,739 $ 12,082 $ 712 $ 12,794
Schedule of Inventories	July 31, 2019 January 31, 2019 (in thousands) Inventories: Raw materials $ 7,060 $ 5,446 Finished goods 2,300 5,229 Work in progress 4,857 1,322 14,217 11,997 Less allowance for obsolescence (1,102 ) (1,223 ) Total inventories, net $ 13,115 $ 10,774
Schedule of Seismic Equipment Lease Pool and Property and Equipment	July 31, 2019 January 31, 2019 (in thousands) Seismic equipment lease pool and property and equipment: Seismic equipment lease pool $ 143,894 $ 147,519 Land and buildings 4,055 4,041 Furniture and fixtures 10,205 9,897 Autos and trucks 570 571 158,724 162,028 Accumulated depreciation and amortization (146,883 ) (147,873 ) Total seismic equipment lease pool and property and equipment, net $ 11,841 $ 14,155

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2019
Leases [Abstract]
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases as of July 31, 2019 was as follows (in thousands): Lease July 31, 2019 April 30, 2019 Impact of ASC 842 Transition Assets Operating Leases $ 2,738 $ 3,014 $ 2,710 Liabilities Operating lease liabilities $ 2,738 $ 3,014 $ 2,710 Classification of lease liabilities Current liabilities $ 720 $ 853 Non-current liabilities 2,018 2,161 Total Operating lease liabilities $ 2,738 $ 3,014 Lease-term and discount rate details as of July 31, 2019 were as follows: Lease term and discount rate July 31, 2019 Weighted average remaining lease term (years) Operating leases 2.2 Weighted average discount rate: Operating leases 10.02 %
Supplemental Cash Flow Information	Supplemental cash flow information related to leases was as follows (in thousands) : Lease Six Months Ended July 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 568 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 592
Maturities of Lease Liabilities	Maturities of lease liabilities at July 31, 2019 were as follows (in thousands): July 31, 2019 2020 $ 720 2021 1,299 2022 749 2023 199 2024 101 Thereafter 73 Total payments under lease agreements $ 3,141 Less: imputed interest (403 ) Total lease liabilities $ 2,738

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jul. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Weighted Average Life at 7/31/2019 July 31, 2019 January 31, 2019 Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount Gross Carrying Amount Accumulated Amortization Impairment Net Carrying Amount (in thousands) (in thousands) Goodwill $ 7,060 $ — $ (4,529 ) $ 2,531 $ 7,060 $ — $ (4,529 ) $ 2,531 Proprietary rights 7.5 $ 9,295 $ (4,611 ) $ — $ 4,684 $ 9,303 $ (4,292 ) $ — $ 5,011 Customer relationships 2.3 5,024 (3,489 ) — 1,535 5,024 (3,147 ) — 1,877 Patents 5.0 2,440 (1,152 ) — 1,288 2,441 (1,028 ) — 1,413 Trade name 6.8 894 (58 ) — 836 894 (52 ) — 842 Developed technology 6.4 1,430 (512 ) — 918 1,430 (441 ) — 989 Other 4.7 692 (44 ) — 648 385 (22 ) — 363 Amortizable intangible assets $ 19,775 $ (9,866 ) $ — $ 9,909 $ 19,477 $ (8,982 ) $ — $ 10,495
Future Estimated Amortization Expense Related to Amortizable Intangible Assets	As of July 31, 2019 , future estimated amortization expense related to amortizable intangible assets was estimated to be (in thousands): For fiscal years ending January 31 2020 $ 961 2021 1,775 2022 1,245 2023 1,141 2024 938 Thereafter 3,849 Total $ 9,909

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jul. 31, 2019
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 July 31, Six Months Ended July 31, 2019 2018 2019 2018 (in thousands) (in thousands) Basic weighted average common shares outstanding 12,128 12,093 12,124 12,090 Stock options 96 84 64 63 Unvested restricted stock 2 3 2 15 Total weighted average common share equivalents 98 87 66 78 Diluted weighted average common shares outstanding 12,226 12,180 12,190 12,168

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jul. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Assets from Segment to Consolidated	Financial information by business segment is set forth below (net of any allocations): Total Assets As of July 31, 2019 As of January 31, 2019 (in thousands) Marine Technology Products $ 47,057 $ 44,832 Equipment Leasing 15,990 20,469 Consolidated $ 63,047 $ 65,301
Reconciliation of Revenue from Segment to Consolidated	Results for the three months ended July 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine Technology Products $ 6,745 $ 6,012 $ (718 ) $ (1,016 ) $ (621 ) $ (973 ) Equipment Leasing 2,175 2,473 (1,551 ) (2,655 ) (1,674 ) (2,626 ) Corporate expenses — — (793 ) (905 ) (793 ) (905 ) Eliminations (22 ) (135 ) — — — — Consolidated $ 8,898 $ 8,350 $ (3,062 ) $ (4,576 ) $ (3,088 ) $ (4,504 ) Results for the six months ended July 31, 2019 and 2018 were as follows (in thousands): Revenues Operating loss Loss before taxes 2019 2018 2019 2018 2019 2018 Marine Technology Products $ 12,727 $ 9,720 $ (1,879 ) $ (3,391 ) $ (1,782 ) $ (3,322 ) Equipment Leasing 6,110 6,520 (1,940 ) (5,022 ) (1,967 ) (4,916 ) Corporate expenses — — (1,699 ) (1,735 ) (1,699 ) (1,735 ) Eliminations (82 ) (277 ) — — — 1 Consolidated $ 18,755 $ 15,963 $ (5,518 ) $ (10,148 ) $ (5,448 ) $ (9,972 )

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Revenue Disaggregation (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 6,745	$ 6,012	$ 12,727	$ 9,720
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	6,677	5,809	12,453	9,310
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	68	203	274	410
Seamap | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	4,836	3,611	8,954	5,156
Seamap | Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	68	203	274	410
Klein | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,841	1,401	3,398	2,877
SAP | Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 797	$ 101	$ 1,277

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Revenue Disaggregated by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 6,745	$ 6,012	$ 12,727	$ 9,720
United States
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,084	1,124	1,841	1,252
Europe, Russia & CIS
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	2,563	2,747	5,167	4,766
Middle East & Africa
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	358	122	549	636
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,835	1,979	3,108	2,679
Canada & Latin America
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 905	$ 40	$ 2,062	$ 387

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Contract Assets And Liabilities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2019	Jan. 31, 2019
Contract Assets:
Unbilled revenue - current	$ 343	$ 340
Total unbilled revenue	343	340
Contract Liabilities:
Deferred revenue & customer deposits - current	512	556
Deferred revenue & customer deposits - non-current	6	11
Total deferred revenue & customer deposits	$ 518	$ 567
Minimum
Contract With Customers [Line Items]
Contract with customers, turn over period	3 months
Maximum
Contract With Customers [Line Items]
Contract with customers, turn over period	6 months

Acquisition of Assets (Detail)

Acquisition of Assets (Detail) $ in Thousands	1 Months Ended
	Feb. 28, 2018USD ($)shares
Preferred Stock
Allocation of purchase price:
Stock issued during period (in shares) | shares	174,046
Preferred stock dividend rate	9.00%
Value of shares issued	$ 4,000
Hydroscience
Purchase Price:
Cash	3,000
Release of claims against Hydroscience	1,144
Transaction costs	312
Total purchase price	4,456
Allocation of purchase price:
Inventory	206
Tangible assets (mainly manufacturing equipment)	350
Intangible assets (including patents, designs & software)	3,900
Total purchase price	$ 4,456

Balance Sheet - Accounts Receiv

Balance Sheet - Accounts Receivable (Detail) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current accounts receivable	$ 12,722	$ 14,195
Long-term accounts receivable	90	712
Accounts receivable	12,812	14,907
Less current portion of allowance for doubtful accounts	(2,073)	(2,113)
Less long-term portion of allowance for doubtful accounts	0	0
Less total allowance for doubtful accounts	(2,073)	(2,113)
Current accounts receivable, net of allowance for doubtful accounts	10,649	12,082
Long-term accounts receivable, net of allowance for doubtful accounts	90	712
Total accounts receivable, net of allowance for doubtful accounts	$ 10,739	$ 12,794

Balance Sheet - Additional Info

Balance Sheet - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jul. 31, 2019USD ($)customer	Jan. 31, 2019USD ($)customer
Balance Sheet [Line Items]
Number of customers due | customer	2	3
Contracts receivable	$ 2,100,000	$ 3,000,000
Contracts receivable, noncurrent	$ 90,000	$ 712,000
Contracts receivable, interest rate	3.20%	3.60%
Impairment of long-lived assets	$ 0	$ 0
Minimum
Balance Sheet [Line Items]
Contracts receivable repayment term	1 month
Maximum
Balance Sheet [Line Items]
Contracts receivable repayment term	30 months

Balance Sheet - Schedule of Inv

Balance Sheet - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Inventories:
Raw materials	$ 7,060	$ 5,446
Finished goods	2,300	5,229
Work in progress	4,857	1,322
Cost of inventories	14,217	11,997
Less allowance for obsolescence	(1,102)	(1,223)
Total inventories, net	$ 13,115	$ 10,774

Balance Sheet - Schedule of Sei

Balance Sheet - Schedule of Seismic Equipment Lease Pool and Property and Equipment (Detail) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	$ 158,724	$ 162,028
Accumulated depreciation and amortization	(146,883)	(147,873)
Total seismic equipment lease pool and property and equipment, net	11,841	14,155
Seismic equipment lease pool
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	143,894	147,519
Land and buildings
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	4,055	4,041
Furniture and fixtures
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	10,205	9,897
Autos and trucks
Seismic equipment lease pool and property and equipment:
Seismic equipment lease pool and property and equipment	$ 570	$ 571

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2019	Jul. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 2,738	$ 2,738	$ 3,014	$ 2,710
Total operating lease liabilities	2,738	2,738	$ 3,014	$ 2,710
Operating lease expense	290	590
Short-term lease costs	$ 10	$ 20

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Assets
Operating lease right-of-use assets	$ 2,738	$ 3,014	$ 2,710
Liabilities
Total operating lease liabilities	2,738	3,014	2,710
Current liabilities	720	853
Non-current liabilities	2,018	2,161
Total Operating lease liabilities	$ 2,738	$ 3,014	$ 2,710
Weighted average remaining lease term (years)
Operating leases	2 years 2 months 1 day
Weighted average discount rate:
Operating leases	10.02%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 2,738	$ 3,014	$ 2,710
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	568
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	592
Total lease liabilities	2,738	3,014	$ 2,710
Operating lease liabilities - current	720	853
Operating lease liabilities - non-current	$ 2,018	$ 2,161

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2019	Apr. 30, 2019	Feb. 01, 2019
Leases [Abstract]
2020	$ 720
2021	1,299
2022	749
2023	199
2024	101
Thereafter	73
Total payments under lease agreements	3,141
Less: imputed interest	(403)
Total lease liabilities	$ 2,738	$ 3,014	$ 2,710

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Net Carrying Amount (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2019	Jan. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Gross Carrying Amount	$ 7,060	$ 7,060
Goodwill, Impairment	(4,529)	(4,529)
Goodwill, Net Carrying Amount	2,531	2,531
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	19,775	19,477
Accumulated Amortization	(9,866)	(8,982)
Net Carrying Amount	$ 9,909	10,495
Proprietary rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	7 years 6 months
Gross Carrying Amount	$ 9,295	9,303
Accumulated Amortization	(4,611)	(4,292)
Net Carrying Amount	$ 4,684	5,011
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	2 years 3 months 1 day
Gross Carrying Amount	$ 5,024	5,024
Accumulated Amortization	(3,489)	(3,147)
Net Carrying Amount	$ 1,535	1,877
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	5 years
Gross Carrying Amount	$ 2,440	2,441
Accumulated Amortization	(1,152)	(1,028)
Net Carrying Amount	$ 1,288	1,413
Trade name
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	6 years 10 months
Gross Carrying Amount	$ 894	894
Accumulated Amortization	(58)	(52)
Net Carrying Amount	$ 836	842
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	6 years 5 months 2 days
Gross Carrying Amount	$ 1,430	1,430
Accumulated Amortization	(512)	(441)
Net Carrying Amount	$ 918	989
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	4 years 8 months 2 days
Gross Carrying Amount	$ 692	385
Accumulated Amortization	(44)	(22)
Net Carrying Amount	$ 648	$ 363

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charges	$ 0
Aggregate amortization expense	$ 764,000	$ 889,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Future Estimated Amortization Expense Related to Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
For fiscal years ending January 31
2020	$ 961
2021	1,775
2022	1,245
2023	1,141
2024	938
Thereafter	3,849
Net Carrying Amount	$ 9,909	$ 10,495

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 48	$ 85	$ 103	$ 522
Pre-tax net loss	$ 3,088	$ 4,504	$ 5,448	$ 9,972

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		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	12,128	12,093	12,124	12,090
Stock options	96	84	64	63
Unvested restricted stock	2	3	2	15
Total weighted average common share equivalents	98	87	66	78
Diluted weighted average common shares outstanding	12,226	12,180	12,190	12,168

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended	34 Months Ended
	Jul. 31, 2019	Jul. 31, 2019	Jul. 31, 2019	Jan. 31, 2019	Oct. 07, 2016
Related Party Transaction [Line Items]
Maximum number of preferred stock to be issued (in shares)	1,000,000	1,000,000	1,000,000	1,000,000
Preferred stock, par value (in usd per share)	$ 1	$ 1	$ 1	$ 1
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
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)	70,282	86,938	423,264
Gross proceeds from preferred stock	$ 1,700,000	$ 2,100,000
Equity distribution compensation expenses	$ 34,000	$ 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		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly dividends declared (in usd per share)	$ 0.5625
Average option price (in dollars per share)	$ 4.13
Compensation expense related to stock-based awards granted	$ 169	$ 237	$ 341	$ 461
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	425,000		425,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	37,000		37,000
Grant price (in dollars per share)	$ 3.98

Sale of Subsidiaries (Details)

Sale of Subsidiaries (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Aug. 31, 2018USD ($)payment	Apr. 30, 2019USD ($)	Jul. 31, 2019USD ($)
Seismic Asia Pacific Pty Ltd
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary		$ 660
Proceeds in cash from sale of subsidiary		$ 240
Note receivable term (in years)		2 years
Proceeds in note receivable from sale of subsidiary		$ 420
Working capital adjustment		$ 114
Mitcham Seismic Eurasia LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of subsidiary	$ 1,200
Proceeds in cash from sale of subsidiary			$ 495
Number of payments | payment	8
Interest rate on payments due from sale of subsidiary	9.00%
Loss on sale subsidiary	$ 4,900
Cumulative translation loss	$ 5,400

Segment Reporting - Financial I

Segment Reporting - Financial Information by Business Segment (Assets) (Detail) - USD ($) $ in Thousands	Jul. 31, 2019	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total Assets	$ 63,047	$ 65,301
Operating Segments | Marine Technology Products
Segment Reporting Information [Line Items]
Total Assets	47,057	44,832
Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Total Assets	$ 15,990	$ 20,469

Segment Reporting - Financial_2

Segment Reporting - Financial Information by Business Segment (Revenues) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 8,898	$ 8,350	$ 18,755	$ 15,963
Operating loss	(3,062)	(4,576)	(5,518)	(10,148)
Loss before taxes	(3,088)	(4,504)	(5,448)	(9,972)
Operating Segments | Marine Technology Products
Segment Reporting Information [Line Items]
Revenues	6,745	6,012	12,727	9,720
Operating loss	(718)	(1,016)	(1,879)	(3,391)
Loss before taxes	(621)	(973)	(1,782)	(3,322)
Operating Segments | Equipment Leasing
Segment Reporting Information [Line Items]
Revenues	2,175	2,473	6,110	6,520
Operating loss	(1,551)	(2,655)	(1,940)	(5,022)
Loss before taxes	(1,674)	(2,626)	(1,967)	(4,916)
Corporate expenses
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Operating loss	(793)	(905)	(1,699)	(1,735)
Loss before taxes	(793)	(905)	(1,699)	(1,735)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(22)	(135)	(82)	(277)
Operating loss	0	0	0	0
Loss before taxes	$ 0	$ 0	$ 0	$ 1