INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2023

INCOME TAXES

Schedule of Income Tax Expense (Benefit)

	Years Ended
	January 31,
Domestic and Foreign Pretax Income (Loss)	2023			2022
Domestic	$                15,322			$	1,519
Foreign		(9,851)			14,634
Total	$	5,471		$	16,153
	Years Ended
	January 31,
	2023			2022
Income Tax Expense (Benefit)
Current:
Federal	$	2		($171)
State and other taxes		68			88
Foreign		3,450			4,205
Total Current Tax Expense	$	3,520		$	4,122
Deferred:
Domestic	($756		)	$	526
Foreign		834			133
Total Deferred Tax Expense	$78			$	659
Total Income Taxes	$	3,598		$	4,781

Schedule of effective income tax rate reconciliation

	Years Ended January 31,
	2023			2022
Statutory rate		21.00	%		21.00	%
State Income Taxes, Net of Federal Tax Benefit		0.05	%		(0.01	)%
Adjustment to Deferred		13.54	%		(0.26	)%
GILTI		24.84	%		4.11	%
Foreign Tax Credit - GILTI		(14.86	)%		-
Section 250 Deduction		(15.74	)%		-
Permanent Differences		0.07	%		(0.83	)%
Valuation Allowance-Deferred Tax Asset		6.41	%		4.81	%
Foreign Tax Credit		(9.74	)%		(7.34	)%
Section 78 Gross-up		6.64	%		-
Argentina Flow Through Loss		1.09	%		1.36	%
Foreign Dividend & Subpart F		-			(5.27	)%
Withholding Taxes		36.55	%		-
Foreign Rate Differential		2.11	%		9.22	%
Change in State Apportionment Rate		(1.38	)%		3.52	%
Foreign employee benefits		(3.58	)%		-
Foreign Dividends Paid to U.S.		73.01	%		-
Foregin Dividends Received Deduction		(73.01	)%		-
Other		(1.25	)%		(0.71	)%
Effective Rate		65.74	%		29.60	%

Schedule of Balance sheet classification

	January 31,
Balance sheet classification	2023		2022
Long-term deferred tax asset	$	2,764	$	2,072
Long-term deferred tax liability	$	769	-

Schedule of deferred tax assets

	Years Ended January 31,
	2023			2022
Deferred tax assets:
Inventories	$	1,147		$	806
US tax loss carryforwards, including work opportunity credit		186			167
Accounts receivable and accrued rebates		278			145
Accrued compensation and other		123			211
India reserves - US deduction		22			32
Equity based compensation		1,178			807
Foreign tax credit carry-forward		3,123			3,209
State and local carry-forwards		18			16
Depreciation and amortization		(155	)		(186	)
Prepaid expenses		(175	)		(219	)
Brazil write-down		-			196
Right-of-use asset		(697	)		(738	)
Operating lease liability		732			762
Foreign carry-forwards		438			-
Withholding taxes		(769	)		-
Other		107			93
Deferred tax asset		5,556			5,282
Less valuation allowance		(3,561	)		(3,210	)
Net deferred tax asset	$	1,995		$	2,072

Schedule of income tax benefit carryforward

	Operating Loss		Benefit Amount		Valuation Allowance			Expiration Beginning In
State operating loss carryforwards	$	19,564	$	18	$	(1	)	2028
Foreign tax credit carryforwards				3,123		(3,123	)	2024
Federal credit carryforwards				186		-		2035
Mexico operating loss carryforwards		1,457		437		(437	)	2033
Total			$	3,764	$	(3,561	)