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PREPAID FINANCING COST
9 Months Ended
Oct. 31, 2011
PREPAID FINANCING COST

8.  PREPAID FINANCING COST

 

Unamortized financing cost of $48,437 on October 31, 2011 and $76,563 as of January 31, 2011 represents the financing cost associated with 10% Senior Subordinated Callable Convertible Notes due January 31, 2013 and paid by the Company on the closing of the placement on October 16, 2009 (see Note 11).