Annual report pursuant to Section 13 and 15(d)

Business Acquisition (Tables)

v3.7.0.1
Business Acquisition (Tables)
12 Months Ended
Jan. 28, 2017
Business Combinations [Abstract]  
Fair value of consideration transferred [Table Text Block]
The following table summarizes the fair value of consideration transferred as of the acquisition date:
Cash consideration
 
$
575,000

Fair value of contingent consideration
 
600,000

 
 
$
1,175,000

Summary of the Princeton purchase consideration [Table Text Block]
The following table summarizes our allocation of the Princeton purchase consideration:
Inventories
 
$
1,171,000

Identifiable intangible assets acquired:
 


Existing customer list
 
347,000

Trade Names
 
336,000

Accounts payable
 
(796,000
)
All other net tangible assets and liabilities
 
117,000

 
 
$
1,175,000