PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jan. 31, 2019

Property, Plant and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment consists of the following:

		January 31,
	Useful Life in Years	2019	2018
		(000’s)	(000’s)
Machinery and equipment	3-10	$5,070	$3,932
Furniture and fixtures	3-10	316	328
Leasehold improvements	Lease term	1,496	1,217
Computer equipment	3	2,669	2,184
Software costs	3	1,187	-----
Land and building (China)	20-30	1,764	1,764
Land and building (Canada)	30	1,856	1,982
Land and buildings (USA)	30	3,487	3,460
Land and buildings (Mexico)	30	2,070	2,070
		19,915	16,937
Less accumulated depreciation and amortization		(9,134)	(8,907)
Assets held for sale		-----	150
Construction-in-progress		-----	759
		$10,781	$8,939

Depreciation and amortization expense for FY19 and FY18 amounted to $965,451 and $774,742, respectively.

During FY19, conditions in Brazil, including the 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 FY19 consolidated statement of operations. The estimated fair value less costs to sell of the assets written down in FY19, consisting primarily of buildings and land, was approximately $0.0 million. Of the original approximately $1.1 million, the estimated fair value less costs to sell of the assets held for sale at January 31, 2019 is $0.0 million.