Net Income (Loss) Per Share

12 Months Ended

Jan. 31, 2012

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 17 – NET INCOME (LOSS) PER SHARE

Basic income (loss) per share amounts for the years ended January 31, 2012 and 2011 were computed by dividing income (loss) by the weighted average number of shares of common stock that were outstanding during the applicable year.

Diluted income per share amounts for the years ended January 31, 2012 and 2011 were computed by dividing the income amounts by the weighted average number of outstanding common shares for the applicable year plus 180,000 shares and 116,000 shares representing the total dilutive effects of outstanding stock options and warrants during the years, respectively. The diluted weighted average number of shares outstanding for the years ended January 31, 2012 and 2011 excluded the effects of options to purchase approximately 556,000 and 491,000 shares of common stock, respectively, because such anti-dilutive common stock equivalents had exercise prices that were in excess of the average market price of the Company’s common stock for the applicable year.

Diluted loss per share for discontinued operations for the year ended January 31, 2011 was computed by dividing the loss amount by the weighted average number of outstanding common shares for the applicable year. The effects of outstanding options and warrants to purchase shares of common stock were not reflected as the loss made these common stock equivalents anti-dilutive for the year.