INTANGIBLES, PREPAID BANK FEES AND OTHER ASSETS, NET (Tables)

12 Months Ended

Jan. 31, 2014

Intangible assets consist of the following at January 31, 2014:

	2014		2013
Trademarks and tradenames in Brazil and prepaid costs for Certificate of Approval (“CA”) by the ministry of Labor in Brazil, net of accumulated amortization of $98,000 at January 31, 2014, and $0 at January 31, 2013	$	335,635	$	312,238
Appraised value of customer contracts acquired in Qualytextil acquisition, amortized over estimated remaining life ending April 2013, net of accumulated amortization of $349,095 at January 31, 2013		—		31,779
Bank fees net of accumulated amortization of $267,718 at 2014 and $96,228 at 2013		1,197,714		133,183
	$	1,533,349	$	477,200

The changes in the carrying amount of trademarks and trade names during the fiscal years 2014 and 2013 are summarized in the following table:

	Balance Beginning of Year		Changes Resulting from Foreign Exchange Differences		Additions During Year		Changes from Impairment Charges		Balance End of Year

Year ended January 31, 2014	$	312,238	$	(66,817)	$	90,214	$	—	$	335,635
Year ended January 31, 2013	$	4,282,100	$	(615,614)	$	—	$	(3,354,248)	$	312,238

The changes in the carrying value of goodwill during the fiscal years 2014 and 2013 are summarized in the following table:

	USA		Brazil		Total
Balance as of January 31, 2012	$	871,296	$	5,261,658	$	6,132,954
During fiscal year 2013:
Effect of foreign currency translation		—		(526,073)		(526,073)
Rounding		1		—		1
Goodwill and other intangibles impairment charge		—		(4,735,585)		(4,735,585)
Balance as of January 31, 2013	$	871,297	$	—	$	871,297
During fiscal year 2014:
Effect of foreign currency translation		—		—		—
Goodwill and other intangibles impairment charge		—		—		—
Balance as of January 31, 2014	$	871,297	$	—	$	871,297