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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Jan. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consists of the following at January 31:

 

    Useful life in years     2012     2011  
Machinery and equipment     3-10     $ 11,071,514     $ 9,967,020  
Furniture and fixtures     3-10       670,150       566,714  
Leasehold improvements     Lease term       1,725,746       1,510,666  
Land and building (China)     20       2,412,115       2,412,115  
Land and building (Canada)     30       2,444,063       2,434,302  
Land and buildings (USA)     39       5,798,986       3,950,969  
Land and building (Brazil)     5       1,872,982       1,179,010  
              25,995,556       22,020,796  
Less accumulated depreciation and amortization             (12,080,730 )     (10,924,467 )
            $ 13,914,826     $ 11,096,329  

 

Depreciation and amortization expense for FY12 and FY11 amounted to $1,939,469 and $1,976,596, respectively. Amortization of intangibles is included in these amounts and is not material. Net fixed assets in China were approximately $2.4 million at January 31, 2012 and 2011. Net fixed assets in India of $1.5 million and $2.8 million at January 31, 2012 and 2011, respectively were included in assets of discontinued operations in India on the consolidated balance sheets. Net fixed assets in Canada were approximately $2.3 million at January 31, 2012 and 2011. Net fixed assets in Brazil were approximately $3.1 million and $2.2 million at January 31, 2012 and 2011, respectively.