BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jan. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share for “income from continuing operations” at January 31, 2015 and 2014, as follows:

	Years Ended
	January 31,
	2015		2014
Numerator
Net income (loss) from continuing operations	$	8,398,704	$	(119,501)
Denominator
Denominator for basic earnings per share (weighted-average shares which reflect 356,441 shares in the treasury as a result of the stock repurchase program that ended in 2011, and 371,183 and 341,181 weighted average common equivalents relating to the warrant issued with the FY14 subordinated debt financing		6,214,303		5,689,230
Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options		111,222		—
Denominator for diluted earnings (loss) per share (adjusted weighted average shares)		6,325,525		5,689,230
Basic earnings (loss) per share from continuing operations	$	1.35	$	(0.02)
Diluted earnings (loss) per share from continuing operations	$	1.33	$	(0.02)

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental cash flow information for the years ended January 31 is as follows:

	2015		2014
Interest paid	$	2,019,000	$	1,581,366
Income taxes paid	$	1,246,672	$	1,331,279
Accumulated amortization of warrant OID included in interest expense	$	1,977,041	$	260,792