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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2012
Jan. 31, 2012
ASSETS    
Cash and cash equivalents $ 6,462,363 $ 5,711,038
Accounts receivable, net of allowance for doubtful accounts of $271,000 at July 31, 2012 and $270,200 at January 31, 2012 14,365,294 12,576,362
Inventories, net of reserves of $1,823,000 at July 31, 2012 and $1,601,000 at January 31, 2012 43,019,214 45,668,355
Deferred income taxes 4,671,481 3,987,671
Assets of discontinued operation in India 1,922,505 1,998,570
Prepaid income and VAT tax 1,998,251 1,772,806
Other current assets 1,938,651 1,993,151
Total current assets 74,377,759 73,707,953
Property and equipment, net 13,792,540 13,914,826
Prepaid VAT and other taxes, noncurrent 2,428,492 2,791,107
Security deposits 1,414,620 1,330,679
Intangibles and other assets, net 3,867,965 4,527,335
Goodwill 5,496,557 6,132,954
Total assets 101,377,933 102,404,854
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 8,203,955 4,600,437
Accrued compensation and benefits 1,567,562 1,304,818
Other accrued expenses 1,997,122 1,584,894
Liabilities of discontinued operation in India 32,480 64,780
Current maturity of long-term debt 99,881 860,451
Current maturity of arbitration settlement 1,760,346 0
Short-term borrowing 1,383,289 1,037,808
Term loans to TD Bank 6,080,000 0
Borrowings under revolving credit facility 9,058,882 0
Total current liabilities 30,183,517 9,453,188
Accrued Arbitration Award in Brazil (net of current maturities) 5,257,133 0
Borrowings under revolving credit facility 0 11,457,807
Other long-term debt 1,568,323 4,814,682
Other liabilities-accrued legal fees in Brazil 84,301 99,367
VAT taxes payable long-term 3,322,826 3,312,953
Total liabilities 40,416,100 29,137,997
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, 5,686,302 and 5,581,919 , outstanding, 5,329,861 and 5,225,478 at July 31, 2012 and January 31, 2012 ,respectively 56,863 55,819
Treasury stock, at cost, 356,441 shares at July 31, 2012 and at January 31, 2012 (3,352,291) (3,352,291)
Additional paid-in capital 50,818,584 50,772,594
Retained earnings 17,338,587 25,816,224
Accumulated other comprehensive loss (3,899,910) (25,489)
Total stockholders' equity 60,961,833 73,266,857
Total liabilities and stockholders' equity $ 101,377,933 $ 102,404,854