Property, Plant and Equipment

3 Months Ended

Apr. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following at April 30 and January 31, 2015:

	April, 30,		January 31,
	2015		2015
Land and improvements	$	473,000	$	473,000
Building and improvements		2,800,000		2,800,000
Furniture, machinery and equipment		3,661,000		3,546,000
Trucks and other vehicles		1,398,000		1,437,000
Construction project costs of variable interest entity		3,729,000		2,658,000
		12,061,000		10,914,000
Less – accumulated depreciation		4,455,000		4,396,000
Property, plant and equipment, net	$	7,606,000	$	6,518,000

Depreciation for property, plant and equipment was $119,000 and $142,000 for the three months ended April 30, 2015 and 2014, respectively. The costs of maintenance and repairs were $102,000 and $48,000 for the three months ended April 30, 2015 and 2014, respectively, including amounts charged to costs of revenues in each period. The Company also uses equipment and occupies facilities under non-cancelable operating leases and other rental agreements. Rent included in selling, general and administrative expenses was $49,000 and $48,000 for the three months ended April 30, 2015 and 2014, respectively. Rent incurred on construction projects and included in the costs of revenues was $4,612,000 and $1,596,000 for the three months ended April 30, 2015 and 2014, respectively.