INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2017

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)	FY17		FY16
Domestic	$	1,833,377	$	6,139,543
Foreign		4,439,270		(572,168)
Total	$	6,272,647	$	5,567,375

Income Tax Expense (Benefit)	FY17		FY16
Current:
Federal	$	(49,191)	$	225,180
State and other taxes		29,283		(40,555)
Foreign		1,576,775		1,553,589
Deferred:
Domestic	$	822,954	$	156,448
Valuation allowance-deferred tax asset		—		(181,338)
Foreign		—		—
Total	$	2,379,821	$	1,713,324

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:

	2017			2016
Statutory rate		34.00	%		34.00	%
State Income Taxes, Net of Federal Tax Benefit		0.59			1.77
Adjustment to Deferred		—			8.86
Foreign Dividend and Subpart F Income		2.15			10.93
Brazil Worthless Stock Deduction		—			(14.21)
Argentina Flow Through Loss		(0.38)			(1.76)
Permanent Differences		0.46			(8.78)
Valuation Allowance-Deferred Tax Asset		—			(3.26)
Other		1.12			3.22
Effective Rate		37.94	%		30.77	%

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, 2017 and 2016 are summarized as follows:

	2017		2016
Deferred tax assets:
Inventories	$	1,122,234	$	1,266,718
US tax loss carryforwards, including work opportunity credit*		8,612,947		9,335,575
Accounts receivable and accrued rebates		265,745		238,261
Accrued compensation and other		108,987		266,272
India reserves - US deduction		73,697		75,053
Equity based compensation		286,278		201,925
Foreign tax credit carry-forward		3,698,351		3,388,051
State and local carry-forwards		791,180		899,824
Argentina timing difference		51,113		116,194
Depreciation and other		80,468		103,372
Amortization		(239,715)		(217,811)
Allowance for Note Receivable - Brazil		833,705		834,510
Deferred tax asset		15,684,990		16,507,944
Less valuation allowance		2,170,309		2,170,309
Net deferred tax asset - USA	$	13,514,681	$	14,337,635

*The federal net operating loss (“NOL”) that is left after FY17 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.