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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Jan. 31, 2018
Property, Plant and Equipment, Net [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] |
3. | PROPERTY AND EQUIPMENT, NET
Property and equipment from continuing operations consists of the following:
|  | Useful Life in Years |  | January 31, 2018 |  | January 31, 2017 |
|  |  |  | (000’s) |  | (000’s) |
Machinery and equipment |  | 3-10 |  | $ | 6,116 |  | $ | 6,442 |
Furniture and fixtures |  | 3-10 |  |  | 328 |  |  | 306 |
Leasehold improvements |  | Lease term |  |  | 1,217 |  |  | 1,207 |
Land and building (China) |  | 20-30 |  |  | 1,764 |  |  | 1,764 |
Land and building (Canada) |  | 30 |  |  | 1,982 |  |  | 1,864 |
Land and buildings (USA) |  | 30 |  |  | 3,460 |  |  | 3,417 |
Land and buildings (Mexico) |  | 30 |  |  | 2,070 |  |  | 2,070 |
|  |  |  |  | 16,937 |  |  | 17,070 |
Less accumulated depreciation and amortization |  |  |  |  | (8,907) |  |  | (8,805) |
Assets held for sale |  |  |  |  | 150 |  |  | 901 |
Construction-in-progress |  |  |  |  | 759 |  |  | 262 |
|  |  |  | $ | 8,939 |  | $ | 9,428 |
Depreciation and amortization expense from continuing operations for FY18, FY17 and FY16 amounted to $774,742, $1,194,000 and $985,863, respectively. The estimated cost to complete construction-in-progress at January 31, 2018 is approximately $2,000,000. During FY18, conditions in the Brazilian economy caused management to believe that the Company’s assets held for sale in that country should be analyzed for impairment. The analysis resulted in an impairment write-down of $0.7 million for assets that have been identified as held-for-sale by the Company. The write-down is included in operating expenses in the Company’s FY18 consolidated statement of operations. The estimated fair value less costs to sell of the assets written down in FY18, consisting primarily of buildings and land, was approximately $0.2 million. In determining fair value the Company relied upon third party appraisals discounted for economic uncertainties and lack of comparable sales in the area. Of the original approximately $1.1 million, the estimated fair value less costs to sell of the assets held for sale at January 31, 2018 is approximately $0.2 million.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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- References No definition available. + Details
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