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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Apr. 30, 2014
Jan. 31, 2014
Current assets    
Cash and cash equivalents $ 7,010,514 $ 4,555,097
Accounts receivable, net of allowance for doubtful accounts of $598,100 and $588,800 at April 30, 2014 and January 31, 2014, respectively 14,635,538 13,795,301
Inventories 40,370,498 39,844,309
Deferred income taxes 4,835,980 4,707,278
Prepaid income tax 908,635 470,843
Other current assets 2,185,703 2,108,177
Total current assets 69,946,868 65,481,005
Property and equipment, net 12,092,322 12,069,107
Prepaid VAT and other taxes, noncurrent 2,451,929 2,379,395
Security deposits 1,461,411 1,415,372
Intangibles, prepaid bank fees and other assets, net 1,384,272 1,533,349
Goodwill 871,297 [1] 871,297 [1]
Total assets 88,208,099 [1] 83,749,525 [1]
Current liabilities    
Accounts payable 9,978,630 8,181,026
Accrued compensation and benefits 1,532,979 1,189,324
Other accrued expenses 2,368,064 1,554,231
Current maturity of long-term debt 50,000 50,000
Current maturity of arbitration settlement 1,000,000 1,000,000
Short-term borrowing 2,522,509 2,558,545
Borrowings under revolving credit facility 13,497,974 12,415,424
Total current liabilities 30,950,156 26,948,550
Accrued arbitration award in Brazil (net of current maturities) 3,566,904 3,758,691
Long-term portion of Canada and Brazil loans 1,069,888 1,110,634
Subordinated debt, net of OID, including PIK interest 2,005,917 1,525,392
Other liabilities - accrued legal fees in Brazil 77,285 71,223
VAT taxes payable long term 3,327,956 3,329,275
Total liabilities 40,998,106 36,743,765
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 5,714,950 and 5,713,180; outstanding 5,358,509 and 5,356,739 at April 30, 2014 and January 31, 2014, respectively 57,150 57,132
Treasury stock, at cost; 356,441 shares at April 30, 2014 and January 31, 2014. (3,352,291) (3,352,291)
Additional paid-in capital 53,389,633 53,365,286
Accumulated deficit (592,009) (591,945)
Accumulated other comprehensive loss (2,292,490) (2,472,422)
Total stockholders' equity 47,209,993 47,005,760
Total liabilities and stockholders' equity $ 88,208,099 $ 83,749,525
[1] Negative assets reflect intersegment accounts eliminated in consolidation