XML 22 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMBINED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Net (loss) income $ (2,474,765) $ (3,409,080) $ 149,246 $ (2,474,765) $ (3,409,080) $ 149,246
Depreciation and amortization 1,354,830 1,341,774 1,391,153      
Impairment 1,178,651 2,376,000 2,571,000      
Abandonment 0 0 1,686,209      
Net book value of properties sold 1,361,786 0 1,164,551      
Deferred income taxes (1,272,000) (1,970,000) (130,000)      
(Gain) loss on sale of assets (19,165) 0 10,643 (19,165) 0 10,643
Compensation recognized under employee stock plan 0 5,889 38,322 0 5,889 38,322
Cash held in escrow 393,278 436,518 (809,618)      
Accounts receivable and mortgages receivable 249,697 (58,659) 180,839      
Prepaid expenses and other assets (105,470) 7,933 (160,104)      
Land and land development costs 92,460 (570,414) (1,822,464)      
Long-lived assets held for sale 1,001,171 973,748 2,110,418      
Accounts payable and accrued liabilities (520,457) (52,171) (701,779)      
Deferred income (60,510) 70,636 (143,052)      
Net cash provided by (used in) operating activities 1,179,506 (847,826) 5,535,364      
Proceeds from disposition of assets 52,600 0 0      
Additions to properties (429,557) (1,542,999) (75,973)      
Payments received under direct financing lease arrangements 8,598 11,280 14,185      
Net cash used in investing activities (368,359) (1,531,719) (61,788)      
Proceeds from debt 6,474,530 7,928,262 16,644,742      
Payment of debt (7,298,481) (5,275,527) (21,623,317)      
Deferred financing costs 0 (45,000) (558,312)      
Net cash (used in) provided by financing activities (823,951) 2,607,735 (5,536,887)      
Net (decrease) increase in cash and cash equivalents (12,804) 228,190 (63,311)      
Cash and cash equivalents, beginning of period 389,962 161,772 225,083 389,962 161,772  
Cash and cash equivalents, ending of period $ 377,158 $ 389,962 $ 161,772 $ 377,158 $ 389,962 $ 161,772