INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes is based on the following pretax income (loss):

Domestic and Foreign Pretax Income (Loss)	FY15		FY14
Domestic	$	(472,667)	$	1,962,763
Foreign		534,011		(4,933,655)
Total	$	61,344	$	(2,970,892)
Income Tax Expense (Benefit)		FY15		FY14
Current:
Federal	$	(222,315)	$	512,202
State and other taxes		129,893		39,810
Foreign		1,246,378		1,303,875
Deferred:
Domestic	$	(12,437,201)	$	(162,847)
Valuation allowance-deferred tax asset		2,945,885		(4,544,431)
Foreign		—		—
Total	$	(8,337,360)	$	(2,851,391)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the effective income tax rate to the Federal statutory rate:

	2015			2014
Statutory rate		34.00	%		34.00	%
State income taxes, net of Federal tax benefit		(592.85)	%		(0.88)	%
Adjustment to Deferred		84.97	%		—
Dividend from sale of Qingdao and from Canada relating to financing		758.69	%		(17.33)	%
Brazil losses with no tax benefit		—			(69.42)	%
Brazil Worthless Stock Deduction		(19,135.81)	%		—
Original Issue Discount		1,077.32	%		—
Argentina Flowthrough Loss		(170.62)	%		—
Permanent differences		(38.02)	%		(12.44)	%
Foreign tax rate differential*		—			2.67	%
Valuation allowance-deferred tax asset		4,802.37	%		159.38	%
Other		(411.60)	%		—
Effective rate		(13,591.55)	%		95.98	%

* The foreign rate differential is due to losses in India, Chile and Argentina treated as pass through entities for US tax purposes, the VAT tax charge in Brazil and the elimination of intercompany profit in inventory, all of which serve to reduce the consolidated pretax income.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences which give rise to deferred tax assets at January 31, 2015 and 2014 are summarized as follows:

	2015		2014
Deferred tax assets:
Inventories	$	1,153,094	$	1,545,663
US tax loss carryforwards, including work opportunity credit*		11,931,395		233,798
Accounts receivable and accrued rebates		80,748		125,159
Accrued compensation and other		137,860		183,434
India reserves - US deduction		164,190		613,200
Equity based compensation		573,966		215,872
Foreign tax credit carry-forward		2,170,109		1,243,519
State and local carry-forwards		980,872		145,528
Depreciation and other		146,657		299,756
Amortization		(148,516)		—
Accrued interest on subordinated debt		—		101,349
Deferred tax asset		17,190,375		4,707,278
Less valuation allowance		2,945,884		—
Net deferred tax asset - USA	$	14,244,491	$	4,707,278
Shown on the accompanying balance sheet as follows:
Current	$	1,143,893	$	4,707,278
Non-current	$	13,100,598		—

*The federal net operating loss (“NOL”) that is left after FY15 will expire after 1/31/2035 (20 years from the generated date of 1/31/2015). The credits will begin to expire after 1/31/2030 (20 years from the 1st carryover year generated date of 1/31/2010) and will fully expire after 1/31/2033.