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8. FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jul. 31, 2013

Fair Value Disclosures [Abstract]

Company's Financial Assets and Liabilities Accounted at Fair Value on Recurring Basis

		Fair Value Measurements at July 31, 2013 and January 31, 2013
Description		(Level 1)				(Level 2)				(Level 3)				Total Carrying Value

Derivative liability - July 31, 2013		$	-			$	-			$	410,129			$	410,129
Derivative liability - January 31, 2013		$	-			$	-			$	327,661			$	327,661

Reconciliation of Changes in Fair Value of Assets and Liabilities Classified As Level 3

		Significant Unobservable Inputs (Level 3)
		Six Months Ended July 31,
		2013				2012
Derivative liabilities - beginning balance at January 31, 2013 and 2012		$	327,661			$	1,817,100
Additions			-				101,985
Reductions			-				-
Change in fair value			82,468				(1,681,998)
Derivative liabilities - ending balance at July 31, 2013 and 2012		$	410,129			$	237,087

Realized and unrealized gain (loss) on derivatives, net, included in earnings for the six-month periods ended July 31, 2013 and 2012		$	(82,468)			$	1,681,998

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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