INCOME TAXES (Details 2) (USD $)	Jan. 31, 2015		Jan. 31, 2014
Deferred tax assets:
Inventories	$ 1,153,094		$ 1,545,663
US tax loss carryforwards, including work opportunity credit	11,931,395	[1]	233,798	[1]
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)		0
Accrued interest on subordinated debt	0		101,349
Deferred tax asset	17,190,375		4,707,278
Less valuation allowance	2,945,884		0
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		$ 0

[1] 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.