9. Investment in Direct Financing Leases: Net Investment in Direct Financing Leases (Tables)

9 Months Ended

Jul. 31, 2012

Tables/Schedules

Net Investment in Direct Financing Leases

The Companies net investment in direct financing leases consisted of the following as of October 31, 2011:

	10/31/11
Minimum future lease payments	$7,426,946
Unguaranteed residual value of lease properties	8,430,879
Gross investment in lease	15,857,825
Unearned income	(7,567,630)
Valuation allowance	(502,000)
Net investment in direct financing leases	$7,788,195