Employee Stock Compensation (Tables)

9 Months Ended

Oct. 31, 2014

Share-Based Arrangements With Employees and Nonemployees [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table represents our stock options granted, exercised and forfeited during the nine-months ended October 31, 2014.

		Weighted		Weighted
		Average		Average
		Exercise		Remaining	Aggregate
	Number of	Price per		Contractual	Intrinsic
Stock Options	Shares	Share		Term	Value
Outstanding at January 31, 2014	24,000	$	7.47	2.95 years		——
Granted during the nine-months ended October 31, 2014	——		——	——		——
Forfeited during the nine-months ended October 31, 2014	2,000	$	13.10	——		——
Outstanding at October 31, 2014	22,000	$	6.96	2.43 years	$	53,960
Exercisable at October 31, 2014	22,000	$	6.96	2.43 years	$	53,960
Reserved for future issuance:	——
Directors’ Plan (expired on December 31, 2012)

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

	Outstanding								Outstanding
	unvested		Granted				Forfeited		unvested
	grants at		during FY15		Vested during		during FY15		grants at
	maximum at		through		FY15 through		through		maximum
Shares under	beginning of		October 31,		October 31,		October 31,		at October
2009 Equity Plan	FY15		2014		2014		2014		31, 2014
Restricted stock grants -employees		——		——		——		——		——
Restricted stock grants - directors		——		——		——		——		——
Matching award program		3,000		——		3,000		——		——
Bonus in stock - employees		——		——		——		——		——
Retainer in stock - directors		1,116		——		1,116		——		——
Total restricted stock plan		4,116		——		4,116		——		——

Weighted average grant date fair value	$	8.66		——	$	8.66		——		——

Shares under	Outstanding unvested grants at		Granted during FY15 through October		Vested during FY15 through October		Forfeited during FY15 through		Outstanding unvested grants at
2012 Equity Plan	maximum at beginning of FY15		31, 2014		31, 2014		October 31, 2014		maximum at October 31, 2014
Restricted stock grants – employees		150,500		-----		-----		3,000		147,500
Restricted stock grants – directors		49,500		-----		-----		-----		49,500
Matching award program		3,000		-----		-----		-----		3,000
Bonus in stock - employees		55,189		-----		4,331		-----		50,858
Retainer in stock - directors		14,101		4,726		4,291		-----		14,536
Total restricted stock plan		272,290		4,726		8,622		3,000		265,394

Weighted average grant date fair value	$	6.00	$	8.16	$	6.25	$	6.44	$	6.02

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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