DEBT AND LETTER OF CREDIT (Tables)

12 Months Ended

Oct. 31, 2013

Debt And Letter Of Credit Tables

Schedule of debt

Debt as of October 31, 2013 and 2012 consists of the following:

	10/31/13		10/31/12
Mortgage notes payable to bank, interest fixed at 6.90% payable in monthly installments of $61,769 including interest through Fiscal 2031, secured by certain buildings.	$7,593,013		$7,802,416
Mortgage note payable to bank, interest fixed at 5.59% payable in monthly installments of $44,156 including interest through October 2014, secured by a certain building.	6,608,689		6,759,338
Revolving line of credit payable to bank, interest at the greater of LIBOR plus 3.5% or 5.5% (5.5% at October 31, 2013) payable on demand.  Paid in full in Fiscal 2013.	0	2,221,237
Capital lease obligation payable to bank, interest fixed at 5.23%, payable in 24 installments of $8,682 due April 2011 through September 2014, secured by certain equipment.	49,983	97,425
	$14,251,685	$16,880,416