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NOTE 4 - ACCOUNTS RECEIVABLE
 12 Months Ended
Jan. 29, 2012
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] NOTE 4 – ACCOUNTS RECEIVABLE
   
January 29,
   
January 30,
 
   
2012
   
2011
 
             
Trade accounts receivable
  $ 21,261     $ 24,540  
Receivable from factor
    6,178       5,212  
Allowance for doubtful accounts
    (1,632 )     (2,082 )
   Accounts receivable
  $ 25,807     $ 27,670  

“Receivable from factor” represents amounts due with respect to factored accounts receivable. We factor substantially all of our domestic upholstery accounts receivable, without recourse to us.
Under our factoring agreement, invoices for domestic upholstery products are generated and transmitted to our customers, with copies to the factor on a daily basis, as products are shipped to our customers.  The factor collects the amounts due and remits collected funds, less factoring fees, to us semi-weekly. We retain ownership of the accounts receivable until the invoices are 90 days past due. At that time, the factor pays us the net invoice amount, less factoring fees and takes ownership of the accounts receivable. The factor is then entitled to collect the invoices on its own behalf and retain any subsequent remittances. The invoiced amounts are reported as accounts receivable on our consolidated balance sheets, generally when the merchandise is delivered to our customer until payment is received from the factor.

A limited number of domestic upholstery accounts receivable are factored with recourse to us. The amounts of these receivables at January 29, 2012 and January 30, 2011 were $135,000 and $27,000, respectively. If the factor is unable to collect the amounts due, invoices are returned to us for collection. We include an estimate of potentially uncollectible amounts for these receivables in our calculation of our allowance for doubtful accounts.