Property, Plant and Equipment

3 Months Ended

Apr. 30, 2014

Property Plant And Equipment [Abstract]

NOTE 6—PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at April 30, 2014 and January 31, 2014 consisted of the following:


	April 30, 2014		January 31, 2014
Land and improvements	$	473,000	$	473,000
Building and improvements		2,782,000		2,779,000
Furniture, machinery and equipment		3,575,000		3,560,000
Trucks and other vehicles		1,547,000		1,578,000

		8,377,000		8,390,000
Less – accumulated depreciation		4,270,000		4,207,000

Property, plant and equipment, net	$	4,107,000	$	4,183,000

Depreciation expense amounts were approximately $142,000 and $129,000 for the three months ended April 30, 2014 and 2013, respectively. The costs of maintenance and repairs totaled $48,000 and $66,000 for the three months ended April 30, 2014 and 2013, respectively. The Company also uses equipment and occupies facilities under non-cancelable operating leases and other rental agreements. Rent included in selling, general and administrative expenses was $48,000 and $35,000 for the three months ended April 30, 2014 and 2013, respectively. Rent incurred on construction projects and included in the costs of revenues was $1,596,000 and $1,017,000 for the three months ended April 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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