PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jan. 31, 2017

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT, NET

Property and equipment from continuing operations consists of the following:

	Useful Life in Years	January 31, 2017		January 31, 2016
		(000’s)		(000’s)
Machinery and equipment	3-10	$	6,442	$	7,535
Furniture and fixtures	3-10		306		522
Leasehold improvements	Lease term		1,207		1,084
Land and building (China)	20-30		1,764		1,764
Land and building (Canada)	30		1,864		1,745
Land and buildings (USA)	30		3,417		3,382
Land and buildings (Mexico)	30		2,070		2,070
			17,070		18,102
Less accumulated depreciation and amortization			(8,805)		(8,850)
Assets held for sale			901		1,101
Construction-in-progress			262		16
		$	9,428	$	10,369

Depreciation and amortization expense from continuing operations for FY17 and FY16 amounted to $1,096,943 and $884,863 respectively.

The estimated cost to complete construction-in-progress at January 31, 2017 is $800,000.

During FY17, conditions in the Brazilian economy caused management to believe that the Company’s assets held for sale in that country should be analyzed for impairment. The analysis resulted in an impairment write-down of $0.2 million for assets that have been identified as held-for-sale by the Company. The write-down is included in operating expenses in the Company’s FY17 consolidated statement of operations. The estimated fair value of the assets written down in FY17, consisting primarily of buildings and land was approximately $0.9 million. In determining fair value the Company relied upon third party appraisals. Of the original approximately $1.1 million, the estimated fair value of assets held for sale at January 31, 2017 is approximately $0.9 million.