| ASSETS |
| Cash and cash equivalents |
7M |
| Accounts receivable, net of allowance for doubtful accounts of $312,900 at July 31, 2011, and $210,100 at January 31, 2011 |
14.13M |
| Inventories, net of reserves of $1,386,000 at July 31, 2011, and $1,495,000 at January 31, 2011 |
39.09M |
| Deferred income taxes |
| Prepaid income and VAT tax |
1.63M |
| Other current assets |
2.05M |
| Total current assets |
64.65M |
| Property and equipment, net |
13.97M |
| Intangibles and other assets, net |
517.69K |
| Goodwill |
871.3K |
| Total assets |
83.58M |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| Accounts payable |
7.46M |
| Accrued compensation and benefits |
1.24M |
| Other accrued expenses |
2.71M |
| Current maturity of long-term debt |
99.46K |
| Total current liabilities |
29.15M |
| Borrowings under revolving credit facility |
| Long-term debt, net of current maturity |
1.26M |
| VAT taxes payable long-term |
| Other liabilities |
86.91K |
| Total liabilities |
38.28M |
| Commitments and Contingencies |
| Stockholders' equity: |
| Preferred stock, $.01 par; authorized 1,500,000 shares (none issued) |
| Common stock, $.01 par; authorized 10,000,000 shares, Issued, 5,581,678 and 5,568,744; outstanding, 5,225,237 and 5,254,303 at July 31, 2011 and January 31, 2011, respectively |
56.99K |
| Treasury stock, at cost, 356,441 shares at July 31, 2011, and 314,441 shares at January 31, 2011 |
-3.35M |
| Additional paid-in capital |
51.03M |
| Retained earnings |
-1.32M |
| Accumulated other comprehensive income |
| Total stockholders' equity |
45.3M |
| Total liabilities and stockholders' equity |
83.58M |
