Property, Plant and Equipment

12 Months Ended

Jan. 31, 2014

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following at January 31, 2014 and 2013:

	2014		2013
Land and improvements	$	473,000	$	471,000
Building and improvements		2,779,000		2,587,000
Furniture, machinery and equipment		3,560,000		3,060,000
Trucks and other vehicles		1,578,000		1,803,000
Construction project costs of variable interest entities		—		5,309,000
		8,390,000		13,230,000
Less – accumulated depreciation		4,207,000		3,762,000
Property, plant and equipment, net	$	4,183,000	$	9,468,000

In June 2012, GPS purchased an office building and the underlying land for a cash price of $1,955,000. The building is large enough to combine the staff of GPS into one facility, and the purchase eliminated the need for leased office space in Connecticut. Depreciation expense amounts related to continuing operations for property and equipment were $549,000, $522,000 and $455,000 for the fiscal years ended January 31, 2014, 2013 and 2012, respectively. The costs of maintenance and repairs related to continuing operations were $250,000, $325,000 and $295,000 for the years ended January 31, 2014, 2013 and 2012, respectively.