DUE FROM FACTOR AND CUSTOMER CREDITS, NET

6 Months Ended

Apr. 30, 2015

Receivables [Abstract]

Due From Factor Disclosure [Text Block]

4. DUE FROM FACTOR AND CUSTOMER CREDITS, NET

Due from factor and customer credits, net, consists of the following:

	April 30, 2015		October 31, 2014
Outstanding accounts receivable sold to factor	$	245	$	3,277
Less: customer allowances		(852)		(1,110)
Less: provision for price protection		(932)		(2,338)
(Customer credits)/Due from Factor	$	(1,539)	$	(171)

Outstanding accounts receivable sold to the factor as of April 30, 2015 and October 31, 2014 for which the Company retained credit risk amounted to $98 and $164, respectively. As of April 30, 2015 and October 31, 2014, there were no allowances for uncollectible accounts. Allowances include provisions for customer payments and incentives deductible in future periods. As of April 30, 2015, customer allowances and provisions for price protection exceeded outstanding accounts receivable sold to the Company’s factor. The excess is classified as a liability in the accompanying balance sheet.