XML 40 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Balance Sheets - USD ($)
Oct. 31, 2014
Oct. 31, 2013
Current assets:    
Cash and cash equivalents $ 818,438 $ 1,428,542
Accounts receivable, net of allowance of $688,000 and $973,000 9,512,731 9,612,826
Inventories 3,969,992 4,884,579
Other current assets 226,307 423,441
Current portion assets held for sale/discontinued operations (Note 11) 256,832 493,304
Total current assets 14,784,300 16,842,692
Property and equipment, at cost:    
Land 1,254,195 1,254,195
Buildings and improvements 4,923,113 4,988,229
Machinery and equipment 33,297,081 34,334,909
Equipment under capital lease 72,528 72,528
Furniture and fixtures 3,639,966 3,654,353
Vehicles 2,488,981 2,526,038
Property and equipment, gross 45,675,864 46,830,252
Less accumulated depreciation (38,991,652) (38,961,412)
Property and equipment, net 6,684,212 7,868,840
Goodwill 1,230,485 1,230,485
Deferred financing costs 69,644 218,824
Other intangibles, net of accumulated amortization 1,179,943 1,308,249
Other assets 59,809 61,532
Total non-current assets 2,539,881 2,819,090
Total assets 24,008,393 27,530,622
Current liabilities:    
Accounts payable 4,518,634 6,925,532
Accrued payroll and commissions 583,529 767,638
Taxes accrued and withheld 666,166 745,658
Accrued expenses 1,553,978 1,785,035
Current portion liabilities held for sale/discontinued operations (Note 3 and Note 11) 0 315
Debt discount (Note 3) (138,520) 0
Notes payable (Note 3) 10,947,218 902,565
Notes payable - related party (Note 3) 2,500,000 0
Capital lease obligations (Note 3) 14,931 13,817
Total current liabilities 20,645,936 11,140,560
Long-term debt, net of current portion:    
Notes payable (Note 3) 128,690 9,494,727
Notes payable - related party (Note 3) 0 2,500,000
Debt discount (Note 3) 0 (477,387)
Capital lease obligations (Note 3) 28,381 42,563
Long-term portion liability held for sale/discontinued operations (Note 3 and Note 11) 0 492,989
Other liabilities 0 150
Total liabilities 20,803,007 23,193,602
Shareholders' equity (deficit):    
Additional paid-in capital 24,279,179 24,279,179
Retained deficit (32,373,321) (31,241,687)
Total shareholders' equity 3,205,386 4,337,020
Total liabilities and shareholders' equity 24,008,393 27,530,622
Class A voting shares [Member]    
Shareholders' equity (deficit):    
Common stock 11,299,528 11,299,528
Class B nonvoting stock [Member]    
Shareholders' equity (deficit):    
Common stock $ 0 $ 0