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CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2014
Jan. 31, 2013
Current assets    
Cash and cash equivalents $ 4,555,097 $ 6,736,962
Accounts receivable, net of allowance for doubtful accounts of $588,800 and $342,000 at January 31, 2014 and 2013, respectively 13,795,301 13,782,908
Inventories 39,844,309 39,270,675
Deferred income taxes 4,707,278 0
Assets of discontinued operations in India 0 813,182
Prepaid income tax 470,843 1,564,834
Other current assets 2,108,177 1,703,322
Total current assets 65,481,005 63,871,883
Property and equipment, net 12,069,107 14,089,987
Prepaid VAT and other taxes, noncurrent 2,379,395 2,461,386
Security deposits 1,415,372 1,546,250
Intangibles, prepaid bank fees and other assets, net 1,533,349 477,200
Goodwill 871,297 871,297
Total assets 83,749,525 [1] 83,318,003 [1]
Current liabilities    
Accounts payable 8,181,026 6,704,001
Accrued compensation and benefits 1,189,324 975,758
Other accrued expenses 1,554,231 2,409,454
Liabilities of discontinued operations in India 0 25,041
Current maturity of long-term debt 50,000 100,481
Current maturity of arbitration settlement 1,000,000 1,000,000
Short-term borrowing 2,558,545 7,128,779
Borrowings under revolving credit facility 12,415,424 9,558,882
Total current liabilities 26,948,550 27,902,396
Accrued arbitration award in Brazil (net of current maturities) 3,758,691 4,710,691
Long-term portion of Canada and Brazil loans 1,110,634 1,298,085
Subordinated debt, net of OID 1,525,392 0
Other liabilities - accrued legal fees in Brazil 71,223 86,911
VAT taxes payable long term 3,329,275 3,328,820
Total liabilities 36,743,765 37,326,903
Stockholders' equity    
Preferred stock, $.01 par; authorized 1,500,000 shares (none issued) 0 0
Common stock, $.01 par; authorized 10,000,000 shares, issued 5,713,180 and 5,688,600; outstanding 5,356,739 and 5,332,159 at January 31, 2014 and 2013, respectively 57,132 56,886
Treasury stock, at cost; 356,441 shares at January 31, 2014 and January 31, 2013 (3,352,291) (3,352,291)
Additional paid-in capital 53,365,286 50,973,065
Accumulated deficit (591,945) (472,445)
Accumulated other comprehensive loss (2,472,422) (1,214,115)
Total stockholders' equity 47,005,760 45,991,100
Total liabilities and stockholders' equity $ 83,749,525 $ 83,318,003
[1] Negative assets reflect intersegment accounts eliminated in consolidation