Stock Options, Warrants, Equity Incentive and Pension Plans (Tables)

12 Months Ended

Jan. 31, 2013

Stock Options, Warrants, Equity Incentive and Pension Plans [Abstract]

Activity in Stock Option Plans

Outstanding options under all plans are exercisable at 100% or more of fair market value (as determined by the compensation committee of the Board of Directors) at the date of grant.  The options are contingent upon continued employment and are exercisable, unless otherwise specified, on a cumulative basis of one-fourth of the total shares each year, commencing one year from the date of grant.  Options currently expire ten years from the date of grant.  Proceeds received by the Company from the exercises are credited to common stock.  A summary of option activity under the plan as of January 31, 2013, and changes during the two years then ended is presented below:

	Shares			Weighted Avg.  Exercise Price		Weighted Avg. Remaining Contract Life in years		Aggregate Intrinsic  Value
Outstanding at January 31, 2011		582,200		$	4.09		2.86	$	2,077,000
Granted		-			-
Exercised		(85,279	)		2.69
Canceled, forfeited or expired		(8,300	)		2.13
Outstanding at January 31, 2012		488,621		$	4.39		2.18	$	438,000
Granted		-			-
Exercised		(117,571	)		3.52
Canceled, forfeited or expired		(2,500	)		2.19
Outstanding at January 31, 2013		368,550		$	4.66		1.42	$	1,229,000
Exercisable at January 31, 2013		368,550		$	4.66		1.42	$	1,229,000

Options Outstanding by Exercise Price Range

The following table summarizes information about options outstanding at January 31, 2013:

Range of exercise prices		Outstanding at  January 31, 2013		Weighted Avg.  Remaining contract  life in yrs.		Weighted Avg. Exercise Price		Number  Exercisable		Weighted Avg. Exercisable Price
$	4.01 to $5.00		325,050		1.4	$	4.61		325,050	$	4.61
$	5.01 to $6.00		43,500		1.7	$	5.09		43,500	$	5.09
			368,550						368,550

Non-vested Shares Transactions

The following table summarizes the non-vested shares transactions for fiscal year 2013:

	Number of Shares			Weighted- Average Grant Date Fair Value
Non-vested shares:
Outstanding at January 31,2011		147,491		$	4.81
Granted		41,468		$	5.36
Vested		(48,891	)	$	5.02
Forfeited		(22,684	)	$	4.11
Outstanding at January 31,2012		117,384		$	5.06
Granted		-		$
Vested		(51,296	)	$	4.78
Forfeited		-		$
Outstanding at January 31, 2013		66,088		$	5.27