16. Quarterly Financial Information (unaudited)

12 Months Ended

Oct. 31, 2011

Notes

16. Quarterly Financial Information (unaudited):

16.  QUARTERLY FINANCIAL INFORMATION (Unaudited):

   The results of operations for each of the quarters in Fiscal 2011 and Fiscal 2010 years are presented below. 

	1st	2nd	3rd	4th	Total
Year ended 10/31/11
Operating revenues	$1,343,911	$884,762	$2,404,625	$1,063,848	$5,697,146
Operating loss	(504,772)	(550,390)	(372,866)	(1,073,772)	(2,501,800)
Net income (loss) from discontinued operations	102,526	105,072	106,392	(207,183)	106,807
Net loss	(460,652)	(488,563)	(377,474)	(1,148,076)	(2,474,765)
Net loss before discontinued operations per weighted average combined share	(0.23)	(0.24)	(0.20)	(0.38)	(1.05)
Net loss per weighted average combined share	($.19)	($.20)	($.15)	($0.47)	($1.01)

	1st	2nd	3rd	4th	Total
Year ended 10/31/10
Operating revenues	$1,070,269	$940,762	$2,109,637	$1,311,611	$5,432,279
Operating loss	(608,050)	(663,342)	(792,892)	(2,683,486)	(4,747,770)
Net income from discontinued operations	89,367	92,453	99,277	118,341	399,438
Net loss	(499,328)	(544,719)	(635,300)	(1,729,733)	(3,409,080)
Net loss before discontinued operations per weighted average combined share	(0.24)	(0.26)	(0.30)	(0.75)	(1.55)
Net loss per weighted average combined share	($0.20)	($0.22)	($0.26)	($0.71)	($1.39)

The quarterly results of operations for Fiscal 2011 and 2010 reflect the impact of land dispositions that occur from time to time during the period and do not follow any pattern during the fiscal year.