INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2016

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)	FY16		FY15
Domestic	$	6,139,543	$	(472,667)
Foreign		(572,168)		534,011
Total	$	5,567,375	$	61,344

Income Tax Expense (Benefit)		FY16		FY15
Current:
Federal	$	225,180	$	(222,315)
State and other taxes		(40,555)		129,895
Foreign		1,553,589		1,246,378
Deferred:
Domestic	$	156,448	$	(11,661,427)
Valuation allowance-deferred tax asset		(181,338)		2,170,109
Foreign		—		—
Total	$	1,713,324	$	(8,337,360)

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:

	2016			2015
Statutory rate		34.00	%		34.00	%
State Income Taxes, Net of Federal Tax Benefit		1.77	%		(592.85	%)
Adjustment to Deferred		8.86	%		84.97	%
Foreign Dividend and Subpart F Income		10.93	%		758.69	%
Brazil Worthless Stock Deduction		(14.21	%)		(19,135.81	%)
Original Issue Discount		—			1,077.32	%
Argentina Flow Through Loss		(1.76	%)		(170.62	%)
Permanent Differences		(8.78	%)		(38.02	%)
Valuation Allowance-Deferred Tax Asset		(3.26	%)		4,802.37	%
Other		3.22	%		(411.60	%)
Effective Rate		30.77	%		(13,591.55	%)

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, 2016 and 2015 are summarized as follows:

	2016		2015
Deferred tax assets:
Inventories	$	1,266,718	$	1,153,094
US tax loss carryforwards, including work opportunity credit*		9,335,575		11,155,620
Accounts receivable and accrued rebates		238,261		80,748
Accrued compensation and other		266,272		137,860
India reserves - US deduction		75,053		164,190
Equity based compensation		201,925		573,966
Foreign tax credit carry-forward		3,388,051		2,170,109
State and local carry-forwards		899,824		980,872
Argentina timing difference		116,194		—
Depreciation and other		103,372		146,857
Amortization		(217,811)		(148,516)
Allowance for Note Receivable - Brazil		834,510		—
Deferred tax asset		16,507,944		16,410,800
Less valuation allowance		2,170,309		2,170,309
Net deferred tax asset - USA	$	14,337,635	$	14,244,491
Shown on the accompanying balance sheet as follows:
Current	$	1,554,407	$	1,143,893
Non-current	$	12,783,228	$	13,100,598

*The federal net operating loss (“NOL”) that is left after FY16 will expire after 1/31/2034 (20 years from the generated date of 1/31/2014). The credits will begin to expire after 1/31/2020 (10 years from the 1st carryover year generated date of 1/31/2010) and will fully expire after 1/31/2025.

The state NOLs will begin to expire after 1/31/2025 and will continue to expire at various periods up until 1/31/2035 when they will be fully expired. The states have a larger spread because some only carryforward for 15 years and some allow 20 years.