Earnings Per Share

6 Months Ended

Jul. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Earnings Per Share

 Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation take into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period.
 

The following table sets forth the computation of basic and diluted earnings (loss) per share at July 31, 2013 and 2012.

	Three Months Ended July 31,				Six Months Ended July 31,
	2013		2012		2013		2012
Numerator
Net profit (loss) from continuing operations	$	4,171,399	$	1,643,830	$	3,326,919	$	(8,477,637)
Denominator
Denominator for basic earnings (loss) per share
Weighted-average shares outstanding before common share equivalents		5,352,034		5,271,997		5,341,578		5,235,957
Weighted average common equivalent shares resulting from the warrant issued June 28, 2013 to the subordinated debt lender LKL Investments LLC		207,539		0		103,769		0
Total weighted average, including common equivalent shares		5,559,573		5,271,997		5,445,348		5,235,957
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		108,663		169,170		73,725		—
Denominator for diluted earnings (loss) per share (adjusted weighted average shares)		5,668,236		5,441,167		5,519,073		5,235,957
Basic earnings ( loss) per share from continuing operations	$	0.75	$	0.31	$	0.61	$	(1.62)
Diluted earnings (loss) per share from continuing operations	$	0.74	$	0.30	$	0.60	$	(1.62)