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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Cash flows from operating activities    
Net income $ 2,878,697 $ 2,902,741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 989,865 955,777
Stock-based compensation 593,561 359,652
Deferred income taxes (209,897) (1,212)
Loss/(gain) on sales of property and equipment, net 1,080 (27,496)
Allowance for doubtful accounts (98,479) 57,456
Change in operating assets and liabilities:    
Accounts receivable (425,173) (1,357,446)
Inventories (219,103) (1,379,911)
Prepaid expenses, deposits and other assets (695,430) (162,928)
Accounts payable and accrued expenses (2,972) 1,650,817
Customers' advances (1,788,386) 372,567
Accrued pension retirement benefits (1,421,452) (2,751,787)
Other non-current liabilities 1,098 1,098
Net cash (used in) provided by operating activities (396,591) 619,328
Cash flows from investing activities    
Proceeds from sale of property and equipment 0 33,990
Acquisitions of property and equipment (678,364) (918,049)
Purchase of investments (1,022,266) (1,010,534)
Proceeds from maturities of investments 1,012,123 497,155
Net cash used in investing activities (688,507) (1,397,438)
Cash flows from financing activities    
Proceeds from new borrowings 223,454 407,759
Reduction of debt (470,326) (385,819)
Exercise of stock options 0 42,800
Payment of dividends (2,085,556) (1,934,975)
Purchase of treasury shares 0 (42,800)
Net cash used in financing activities (2,332,428) (1,913,035)
Effect of exchange rate changes on cash 10,042 11,572
Net decrease in cash and cash equivalents (3,407,484) (2,679,573)
Cash and cash equivalents at February 1 34,581,394 32,400,814
Cash and cash equivalents at April 30 31,173,910 29,721,241
Supplemental disclosure of cash flow information:    
Cash paid for interest 85,534 99,046
Cash paid for income taxes $ 1,311,076 $ 1,074,259