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FAIR VALUE OF FINANCIAL INSTRUMENTS AND IMPAIRMENT (Tables)
3 Months Ended
Jan. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Financial Instruments

The estimated fair values of the Companies' financial instruments at January 31, 2013 and October 31, 2012 are as follows: 

         

 
1/31/13 10/31/12

 
Carrying Amount Fair Value Carrying Amount Fair Value
ASSETS:
 

 

 

 
Cash and cash equivalents $598,511  $598,911  $702,902  $702,902 
Accounts and mortgages receivable 106,238  106,238  143,382  143,382 

 

 

 

 

 
LIABILITIES:
 

 

 

 
Accounts payable 219,679  219,679  140,956  140,956 
Accrued liabilities 205,388  205,388  311,097  311,097 
Debt $16,709,235  $16,824,674 $16,880,416  $16,988,594