EARNINGS PER SHARE COMPUTATIONS (Tables)

3 Months Ended

Apr. 30, 2013

EARNINGS PER SHARE COMPUTATIONS [Abstract]

Summary of shares used in computing basic and diluted net income per common share

The following table summarizes the shares used in computing basic and diluted net income per common share:

	Three Months Ended April 30,
	2013		2012
Numerator:
Net income	$	230,255	$	1,258,698
Denominator:
Weighted average common shares outstanding during the period for basic computation		14,697,269		14,678,628
Dilutive effect of stock-based compensation plans		157,637		66,198
Weighted average common shares outstanding during the period for diluted computation		14,854,906		14,744,826
Earnings per share, basic	$	.02	$	.09
Earnings per share, diluted	$	.02	$	.09