Debt (Tables)

3 Months Ended

Apr. 30, 2015

Debt Disclosure [Abstract]

Schedule of Minimum EBITDA Levels

The following table shows our future minimum EBITDA covenant thresholds, as modified by the amendment to the Credit Agreement:

For the four-quarter period ending	Minimum EBITDA
April 30, 2015	$	(2,500,000	)
July 31, 2015	(1,750,000		)
October 31, 2015	(750,000		)
January 31, 2016	500,000

Summary of term loan and line of credit

Outstanding principal balances on debt consisted of the following at:

	April 30, 2015		January 31, 2015
Senior term loan	$	9,875,000	$	10,000,000
Capital lease	1,166,000		1,365,000
Total	11,041,000		11,365,000
Less: Current portion	1,329,000		1,282,000
Non-current portion of debt	$	9,712,000	$	10,083,000

Schedule of Future Minimum Lease Payments for Capital Leases

Future principal repayments of debt consisted of the following at April 30, 2015:

	Senior Term Loan		Capital Lease (1)		Total
2015	$	375,000	$	641,000	$	1,016,000
2016	750,000		511,000		1,261,000
2017	1,000,000		93,000		1,093,000
2018	1,000,000		—		1,000,000
2019	6,750,000		—		6,750,000
Total repayments	$	9,875,000	$	1,245,000	$	11,120,000

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(1) Future minimum lease payments include principal plus interest.