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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Apr. 30, 2013
Jan. 31, 2013
ASSETS    
Cash and cash equivalents $ 7,003,741 $ 6,736,962
Accounts receivable, net of allowance for doubtful accounts of $371,900 and $342,100 at April 30, 2013 and January 31, 2013, respectively 14,126,722 13,782,908
Inventories 39,090,976 39,270,675
Assets of discontinued operations in India 744,520 813,182
Prepaid income tax 1,626,900 1,564,834
Other current assets 2,052,990 1,703,322
Total current assets 64,645,849 63,871,883
Property and equipment, net 13,967,724 14,089,987
Prepaid VAT and other taxes, noncurrent 2,458,346 2,461,386
Security deposits 1,121,033 1,546,250
Intangibles and other assets, net 517,690 477,200
Goodwill 871,297 871,297
Total assets 83,581,939 83,318,003
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 7,459,923 6,704,001
Accrued compensation and benefits 1,240,001 975,758
Other accrued expenses 2,710,073 2,409,454
Liabilities of discontinued operations in India 0 25,041
Current maturity of long-term debt 99,464 100,481
Current maturity of arbitration settlement 1,000,000 1,000,000
Short-term borrowing 1,793,633 1,578,779
Term loans to TD Bank 5,285,000 5,550,000
Borrowings under revolving credit facility 9,558,882 9,558,882
Total current liabilities 29,146,976 27,902,396
Accrued arbitration award in Brazil (net of current maturities) 4,460,691 4,710,691
Other long-term debt 1,260,075 1,298,085
Other liabilities - accrued legal fees in Brazil 86,911 86,911
VAT taxes payable long-term 3,328,291 3,328,820
Total liabilities 38,282,944 37,326,903
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 5,698,580 and 5,688,600; outstanding, 5,342,139 and 5,332,159 at April 30, 2013 and January 31, 2013, respectively 56,986 56,886
Treasury stock, at cost; 356,441 shares at April 30, 2013 and January 31, 2013, respectively (3,352,291) (3,352,291)
Additional paid-in capital 51,029,787 50,973,065
Retained earnings deficit (1,316,924) (472,445)
Accumulated other comprehensive loss (1,118,563) (1,214,115)
Total stockholders' equity 45,298,995 45,991,100
Total liabilities and stockholders' equity $ 83,581,939 $ 83,318,003