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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) (USD $)
3 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Cash flows from operating activities    
Net income $ 1,258,698 $ 1,412,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 487,599 481,932
Stock-based compensation 441,401 179,826
Deferred income taxes (209,278) (606)
Loss on sales of property and equipment, net 1,080 0
Allowance for doubtful accounts (38,862) 19,215
Change in operating assets and liabilities:    
Accounts receivable 2,171,197 (1,636,920)
Inventories (1,361,633) (388,008)
Prepaid expenses, deposits and other assets 123,755 (38,705)
Accounts payable and accrued expenses (862,836) 687,771
Customers' advances (1,036,453) (52,906)
Accrued pension retirement benefits 62,569 (2,776,476)
Other non-current liabilities 549 549
Net cash provided by operating activities 1,037,786 (2,111,821)
Cash flows from investing activities    
Acquisitions of property and equipment (474,884) (235,679)
Purchase of investments (763,264) 0
Proceeds from maturities of investments 756,073 0
Net cash used in investing activities (482,075) (235,679)
Cash flows from financing activities    
Proceeds from new borrowings 0 407,731
Repayment of debt (387,451) (123,023)
Exercise of stock options 0 42,800
Payment of dividends (1,042,183) (967,445)
Purchase of treasury shares 0 (42,800)
Net cash used in financing activities (1,429,634) (682,737)
Effect of exchange rate changes on cash 11,495 (4,268)
Net decrease in cash and cash equivalents (862,428) (3,034,505)
Cash and cash equivalents at February 1 34,581,394 32,400,814
Cash and cash equivalents at April 30 33,718,966 29,366,309
Supplemental disclosure of cash flow information:    
Cash paid for interest 43,436 49,030
Cash paid for income taxes $ 370,703 $ 228,584