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INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes is based on the following pretax income (loss):

		<————————FY 14————————>									<————————FY 13————————>
Domestic and Foreign Pretax Income (Loss)		Total			Continuing Operations			Discontinued Operations			Total			Continuing Operations			Discontinued Operations
Domestic		$	1,962,763		$	1,962,763		$	—		$	(11,394,955)		$	(11,394,955)		$	—
Foreign			(4,933,655)			(4,933,655)			—			(10,136,243)			(9,336,243)			(800,000)
Total		$	(2,970,892)		$	(2,970,892)		$	—		$	(21,531,198)		$	(20,731,198)		$	(800,000)
Income Tax Expense (Benefit)		Total			Continuing Operations			Discontinued Operations			Total			Continuing Operations			Discontinued Operations
Current:
Federal		$	512,202		$	512,202		$	—		$	—		$	—		$	—
State and other taxes			39,810			39,810			—			(130,213)		$	(130,213)			—
Foreign			1,303,875			1,303,875			—			688,835		$	688,835			—
Deferred:
Domestic		$	(162,847)		$	(162,847)		$	—		$	(1,269,245)		$	(990,952)		$	(278,293)
Valuation allowance-deferred tax asset			(4,544,431)			(4,544,431)			—			4,544,431			4,544,431			—
Foreign			—			—			—			923,663			923,663			—
Total		$	(2,851,391)		$	(2,851,391)		$	—		$	4,757,451		$	5,035,764		$	(278,293)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the effective income tax rate to the Federal statutory rate:

		2014				2013
Statutory rate			34.0	%			34.0	%
State income taxes, net of Federal tax benefit			(0.88)	%			2.5	%
Goodwill and other intangibles impairment charge			—				(46.23)	%
Arbitration settlement charge			—				(12.43)	%
Dividend from sale of Qingdao and from Canada relating to financing			(17.33)	%			—
Brazil losses with no tax benefit			(69.42)	%			—
Permanent differences			(12.44)	%			(12.90)	%
Foreign tax rate differential*			2.67	%			32.38	%
Various tax credits			—				—
Valuation allowance-deferred tax asset			159.38	%			(21.11)	%
Other			—				1.66	%
Effective rate			95.98	%			(22.13)	%

* The foreign rate differential is due to losses in India, Chile and Argentina treated as pass through entities for US tax purposes, the VAT tax charge in Brazil and the elimination of intercompany profit in inventory, all of which serve to reduce the consolidated pretax income.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences which give rise to deferred tax assets at January 31, 2014 and 2013 are summarized as follows:

		2014			2013
Deferred tax assets:
Inventories		$	1,545,663		$	812,054
US tax loss carry-forwards, including work opportunity credit*			233,798			1,520,142
Accounts receivable and accrued rebates			125,159			94,877
Accrued compensation and other			183,434			184,214
India reserves - US deduction			613,200			963,524
Equity based compensation			215,872			218,942
Foreign tax credit carry-forward			1,243,519			407,092
State and local carry-forwards			145,528			96,810
Depreciation and other			299,756			246,776
Accrued interest on subordinated debt			101,349			—
Deferred tax asset			4,707,278			4,544,431
Less valuation allowance			—			(4,544,431)
Net deferred tax asset		$	4,707,278		$	0

*The federal net operating loss (“NOL”) that is left after FY14 will expire after 1/31/2033 (20 years from the generated date of 1/31/2013).  The credits will begin to expire after 1/31/2030 (20 years from the 1st carryover year generated date of 1/31/2010) and will fully expire after 1/31/2033.

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Publisher FASB

-Name Accounting Standards Codification

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

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