Debt (Tables)

9 Months Ended

Jul. 31, 2014

Debt [Abstract]

Schedule of long-term debt

Debt consisted of the following:

	July 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 2.00% maturing April 1, 2015, collateralized by substantially all of the assets of the Company.	$	10,000,000		$	10,450,000
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
Note payable to a bank, due September 2014, including interest accrued at 5.00%, collateralized by specific accounts receivable of the Company.		563,262			-
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 August 2014-July 2016, collateralized by equipment and vehicles.		443,889			440,281
Capital lease obligation for printing equipment at an imputed interest rate of 6.02% per annum		46,907			56,380
Unamortized debt discount		(222,394	)		(477,387	)
Total indebtedness	$	13,331,664		$	12,969,274

Maturities of Long-term debt and Revolving Line of Credit

Maturities of indebtedness and capital lease obligations for each of the next five years beginning August1, 2014:

August 1, 2014 through July 31, 2015	$	13,187,715
August 1, 2015 through July 31, 2016		127,369
August 1, 2016 through July 31, 2017		16,580
August 1, 2017 through July 31, 2018		-
August 1, 2018 through July 31, 2019		-
	$	13,331,664