Prepaid Financing Cost

6 Months Ended

Jul. 31, 2011

Prepaid Financing Cost

8. Prepaid Financing Cost

Unamortized financing cost of $57,812 on July 31, 2011 and $76,563 as of January 31, 2011 represent the financing cost associated with 10% Senior Subordinated Callable Convertible Notes due January 31, 2013, $125,000 paid by the Company on the closing of the placement on October 16, 2009 (see Note 11).