XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2013
Jan. 31, 2013
ASSETS    
Cash and cash equivalents $ 5,019,217 $ 6,736,962
Accounts receivable, net of allowance for doubtful accounts of $244,700 and $342,100 at October 31, 2013 and January 31, 2013, respectively 15,047,307 13,782,908
Inventories 40,440,287 39,270,675
Deferred income tax 4,593,753 0
Assets of discontinued operations in India 19,920 813,182
Prepaid income tax 628,413 1,564,834
Other current assets 2,484,489 1,703,322
Total current assets 68,233,386 63,871,883
Property and equipment, net 12,571,924 14,089,987
Prepaid VAT and other taxes, noncurrent 2,417,197 2,461,386
Security deposits 1,461,437 1,546,250
Other assets, net (mainly prepaid financing fees) 1,782,583 477,200
Goodwill 871,297 871,297
Total assets 87,337,824 83,318,003
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 9,241,610 6,704,001
Accrued compensation and benefits 1,299,789 975,758
Other accrued expenses 2,509,583 2,409,453
Liabilities of discontinued operations in India 0 25,041
Current maturity of long-term debt 50,000 100,481
Current maturity of arbitration settlement 1,000,000 1,000,000
Short-term borrowing 2,700,699 7,128,779
Borrowings under revolving credit facility 11,790,905 9,558,882
Total current liabilities 28,592,586 27,902,395
Arbitration award in Brazil (net of current maturities) 4,008,691 4,710,691
Canadian loan 1,011,776 1,298,085
Subordinated debt, net of OID 1,538,621 0
Other liabilities - accrued legal fees in Brazil 78,457 86,911
VAT taxes payable long term 3,330,354 3,328,820
Total liabilities 38,560,485 37,326,902
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 5,711,727 and 5,688,600; outstanding 5,355,286 and 5,332,159 at October 31, 2013 and January 31, 2013, respectively 57,117 56,886
Treasury stock, at cost; 356,441 shares at October 31, 2013 and January 31, 2013 (3,352,291) (3,352,291)
Additional paid-in capital 53,346,559 50,973,065
Retained earnings (deficit) 1,018,995 (472,444)
Accumulated other comprehensive loss (2,293,041) (1,214,115)
Total stockholders' equity 48,777,339 45,991,101
Total liabilities and stockholders' equity $ 87,337,824 $ 83,318,003