CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 30, 2012	Jan. 31, 2012
ASSETS
Cash and cash equivalents	$ 4,695,004	$ 5,711,038
Accounts receivable, net of allowance for doubtful accounts of $274,600 at April 30, 2012 and $270,200 at January 31, 2012	16,188,680	12,576,362
Inventories, net of reserves of $1,736,000 at April 30, 2012 and $1,601,000 at January 31, 2012	42,318,674	45,668,355
Deferred income taxes	4,322,710	3,987,671
Assets of discontinued operation in India	2,003,649	1,998,570
Prepaid income and VAT tax	2,125,897	1,772,806
Other current assets	2,046,753	1,993,151
Total current assets	73,701,367	73,707,953
Property and equipment, net	13,824,167	13,914,826
Prepaid VAT and other taxes, noncurrent	2,480,035	2,791,107
Security deposits	1,470,641	1,330,679
Intangibles and other assets, net	4,226,385	4,527,335
Goodwill	5,794,154	6,132,954
Total assets	101,496,749	102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	6,002,025	4,600,437
Accrued compensation and benefits	1,897,472	1,304,818
Other accrued expenses	1,579,568	1,584,894
Arbitration Award in Brazil	10,000,000	0
Liabilities of discontinued operation in India	43,340	64,780
Current maturity of long-term debt and short-term borrowing	8,592,891	1,898,259
Borrowings under revolving credit facility	6,742,303	0
Total current liabilities	34,857,599	9,453,188
Borrowings under revolving credit facility	0	11,457,807
Other long-term debt	1,850,868	4,814,682
Other liabilities-accrued legal fees in Brazil	89,767	99,367
VAT taxes payable long-term	3,312,651	3,312,953
Total liabilities	40,110,885	29,137,997
Commitments and Contingencies
Stockholders' equity:
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued)	0	0
Common stock, $.01 par; authorized 10,000,000 shares, issued, 5,581,919; outstanding, 5,225,478 at January 31, 2012 and April 30, 2012,	55,819	55,819
Treasury stock, at cost, 356,441 shares at April 30, 2012 and at January 31, 2012	(3,352,291)	(3,352,291)
Additional paid-in capital	50,903,985	50,772,594
Retained earnings	15,694,758	25,816,224
Accumulated other comprehensive loss	(1,916,407)	(25,489)
Total stockholders' equity	61,385,864	73,266,857
Total liabilities and stockholders' equity	$ 101,496,749	$ 102,404,854