Long-Term Debt (Tables)

3 Months Ended

Jan. 31, 2014

Long-Term Debt [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:

	January 31,			October 31,
	2014			2013
Term Note A dated October 7, 2013, due in monthly installments of $50,000 plus interest payments equal to    the prime rate of interest plus 2% maturing April 1, 2015, collateralized by substantially all of the assets of    the Company.	$	10,300,000		$	10,450,000
Installment notes payable to banks and Lessor, due in monthly installments plus interest at rates approximating    the bank’s prime rate or the prime rate subject to various floors maturing in various periods ranging from    December 2013-January 2016, collateralized by equipment and vehicles.		453,198			440,281
Notes payable to shareholders. The shareholder note of $2.5 million plus all accrued interest was initially due    in one balloon payment in September 2014 pursuant to Term Note A maturity adjusted to April 2015.    Interest is equal to the prime rate.		2,500,000			2,500,000
Capital lease obligation for printing equipment at an imputed interest rate of 6.02% per annum		53,003			56,380
Unamortized debt discount		(391,832	)		(477,387	)
		12,914,369			12,969,274
Less current portion long-term debt		915,097			902,565
Less current portion obligation under capital lease		14,025			13,817
Long-term debt, net of current portion and capital lease obligation	$	11,985,247		$	12,052,892
Continuing operations:
Long-term debt, net of current portion	$	9,376,658		$	9,494,727
Long-term capital lease obligation		38,978			42,563
Current portion of long-term debt		915,097			902,565
Long-term notes payable to related party		2,500,000			2,500,000
Current portion of capital lease obligation		14,025			13,817
Debt discount		(391,832	)		(477,387	)
Total debt from continuing operations		12,452,926			12,476,285
Liabilities held for sale/discontinued operations - debt (see Note 11)		461,443			492,989
Total indebtedness	$	12,914,369		$	12,969,274

Maturities of Long-term Debt and Revolving Line of Credit

Maturities of long-term debt and capital lease obligations from continuing and discontinued operations for each of the next five years beginning February 1, 2014:

2014	$	929,122
2015		11,961,159
2016		15,809
2017		8,279
2018		-
	$	12,914,369