Property, Plant and Equipment

12 Months Ended

Jan. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

5. Property, Plant and Equipment

Property, plant and equipment at January 31, 2013 and 2012 consisted of the following:

	2013			2012
Land and improvements	$	173,000		$	173,000
Building and improvements		2,522,000			2,510,000
Machinery and equipment		7,207,000			6,724,000
Patterns, dies and tools		691,000			611,000
Furniture and fixtures		1,801,000			1,635,000
Construction in progress		695,000			776,000
		13,089,000			12,429,000
Less: accumulated depreciation		(8,555,000	)		(8,223,000	)
Property, plant and equipment, net	$	4,534,000		$	4,206,000

Depreciation expense was $451,000 and $380,000 for the years ended January 31, 2013 and 2012, respectively. Certain components of property, plant and equipment are pledged as collateral for debt obligations. See Note 9 for further discussion of collateralized property, plant and equipment.