Note 5 - Property and Equipment

12 Months Ended

Jan. 31, 2013

Property, Plant and Equipment Disclosure [Text Block]

5. Property and Equipment

Property and equipment consist of the following (in thousands):

	January 31,
	2013			2012
Office furnishings and fixtures	$	619		$	1,020
Equipment		2,294			2,451
Purchased software		66			65
		2,979			3,536
Less: Accumulated depreciation and amortization		(2,859	)		(3,410	)
	$	120		$	126

As of January 31, 2013, equipment with a net book value of approximately $45,000, primarily tooling and fixtures, was located at various contract manufacturer locations in China.

During fiscal 2013, nearly fully depreciated office furnishings and equipment with a cost basis of $400,000 and $275,000, respectively, was retired through a process of physical inspection and management inquiry. We recorded a loss on retirement of assets of $11,000 related to these transactions.

During the fourth quarter of fiscal 2012, fully depreciated equipment and computer software with a cost basis of $2.0 million and $20,000, respectively, was retired through a process of physical inspection and management inquiry. Additionally, during the third quarter of fiscal 2012, in conjunction with the finalization of our move into a smaller space in our corporate headquarters and a new lease with our landlord, we retired fully amortized leasehold improvements with a cost basis of $0.3 million, reported in office furnishings and fixtures above.

Depreciation and amortization expense for fiscal 2013 and fiscal 2012 totaled $0.1 million and $0.4 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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