PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jan. 31, 2018

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, 2018		January 31, 2017
		(000’s)		(000’s)
Machinery and equipment	3-10	$	6,116	$	6,442
Furniture and fixtures	3-10		328		306
Leasehold improvements	Lease term		1,217		1,207
Land and building (China)	20-30		1,764		1,764
Land and building (Canada)	30		1,982		1,864
Land and buildings (USA)	30		3,460		3,417
Land and buildings (Mexico)	30		2,070		2,070
			16,937		17,070
Less accumulated depreciation and amortization			(8,907)		(8,805)
Assets held for sale			150		901
Construction-in-progress			759		262
		$	8,939	$	9,428

Depreciation and amortization expense from continuing operations for FY18, FY17 and FY16 amounted to $774,742, $1,194,000 and $985,863, respectively.

The estimated cost to complete construction-in-progress at January 31, 2018 is approximately $2,000,000.

During FY18, 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 $0.7 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 FY18 consolidated statement of operations. The estimated fair value less costs to sell of the assets written down in FY18, consisting primarily of buildings and land, was approximately $0.2 million. In determining fair value the Company relied upon third party appraisals discounted for economic uncertainties and lack of comparable sales in the area. Of the original approximately $1.1 million, the estimated fair value less costs to sell of the assets held for sale at January 31, 2018 is approximately $0.2 million.