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Earnings Per Share | 3 Months Ended
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Apr. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] |
| 5. | Earnings Per Share
Basic earnings per share are based on the weighted average number of common shares outstanding without consideration of common stock equivalents. Diluted earnings per share are based on the weighted average number of common and common stock equivalents. The diluted earnings per share calculation take into account the shares that may be issued upon exercise of stock options, reduced by the shares that may be repurchased with the funds received from their exercise, based on the average price during the period. The following table sets forth the computation of basic and diluted loss per share at April 30, 2014 and 2013.
|  | Three Months Ended |
|  | April 30, |
|  | 2014 |  | 2013 |
Numerator: |  |  |  |  |  |  |
Net loss |  | $ | (64) |  | $ | (844,480) |
Denominator |  |  |  |  |  |  |
Denominator for basic loss per share |  |  |  |  |  |  |
Weighted-average shares outstanding before common share equivalents |  |  | 5,357,209 |  |  | 5,337,205 |
Weighted average common equivalent shares resulting from the warrant issued June 28, 2013 to the subordinated debt lender LKL Investments LLC |  |  | 566,015 |  |  | — |
Total weighted average, including common equivalent shares |  |  | 5,923,224 |  |  | 5,337,205 |
Denominator for diluted loss per share (adjusted weighted average shares) |  |  | 5,923,224 |  |  | 5,337,205 |
Basic (loss) per share |  | $ | (0.00) |  | $ | (0.16) |
Diluted (loss) per share |  | $ | (0.00) |  | $ | (0.16) |
Not included in the above are the potential shares issuable for interest on the subordinated debt. As of April 30, 2014, there was accrued $368,755 of PIK interest. At the closing stock price on April 30. 2014 of $7.09 this would represent approximately 52,011 shares. Such shares would be antidilutive and as such are not included.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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