XML 33 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Industry Segment Information (Tables)
12 Months Ended
Oct. 31, 2014
Industry Segment Information [Abstract]  
Schedule of segment reporting information, by segment
The table below presents information about reported segments for the years ended October 31:
 
2014
 
Printing
 
Office Products & Furniture
   
Total
 
Revenues from continuing operations
 
$
39,546,537
 
$
29,375,140
   
$
68,921,677
 
Elimination of intersegment revenue
 
(2,169,053
)
(3,230,284
)
 
(5,399,337
)
Consolidated revenue from continuing operations
 
$
37,377,484
 
$
 
26,144,856
   
$
63,522,340
 
Operating income (loss) from continuing operations
 
(360,182
)
105,932
   
(254,250
)
Depreciation & amortization
 
1,832,458
 
98,049
   
1,930,507
 
Capital expenditure
 
738,893
 
22,474
   
761,367
 
Identifiable assets
 
16,526,888
 
7,224,673
   
23,751,561
 
Goodwill
 
-
 
1,230,485
   
1,230,485
 
                 
2013
 
Printing
 
Office Products & Furniture
   
Total
 
Revenues from continuing operations
 
$
45,460,503
 
$
34,333,182
   
$
79,793,685
 
Elimination of intersegment revenue
   
(2,791,035
)
   
(4,679,475
)
   
(7,470,510
)
Consolidated revenues from continuing operations
 
$
42,669,468
 
$
29,653,707
   
$
72,323,175
 
Operating income (loss) from continuing operations
   
(2,228,855
)
   
954,451
     
(1,274,404
)
Depreciation & amortization
   
2,049,191
     
119,823
     
2,169,014
 
Capital expenditures
   
541,855
     
2,788
     
544,643
 
Identifiable assets
   
18,850,573
     
8,186,745
     
27,037,318
 
Goodwill
   
-
     
1,230,485
     
1,230,485
 
                         
2012
 
Printing
 
Office Products & Furniture
   
Total
 
Revenues from continuing operations
 
$
56,933,015
 
$
40,606,947
   
$
97,539,962
 
Elimination of intersegment revenue
   
(4,758,471
)
   
(5,631,460
)
   
(10,389,931
)
Consolidated revenues from continuing operations
 
$
52,174,544
 
$
34,975,487
   
$
87,150,031
 
Operating income (loss) from continuing operations
   
(1,610,691
)
   
1,915,331
     
304,640
 
Depreciation & amortization
   
2,449,031
     
113,671
     
2,562,702
 
Capital expenditures
   
646,727
     
50,469
     
697,196
 
Identifiable assets
   
25,046,667
     
8,025,104
     
33,071,771
 
Goodwill
   
2,226,837
     
1,230,485
     
3,457,322
 
                         
Reconciliation of total segment revenue, assets and operating (loss) income
A reconciliation of total segment revenue, assets and operating (loss) income  to consolidated (loss) income before income taxes for the years ended October 31, 2014, 2013 and 2012 is as follows:
 
   2014 
2013
  
2012
  
Revenues:
         
Total segment revenues
$68,921,677 $79,793,685  $
97,539,962
  
Elimination of intersegment revenue
 (5,399,337) (7,470,510)  (10,389,931) 
Consolidated revenue from continuing operations
$63,522,340 $72,323,175  $
87,150,031
  
            
Operating (loss) income from continuing operations:
           
Total segment operating (loss) income from continuing operations
$(254,250)$(1,274,404) $
304,640
  
    Interest expense - related party (82,378)  (82,378  (57,733 
Interest expense
 (1,056,019) (4,202,774)  (3,111,845) 
    Gain from debt forgiveness -  11,118,069   -  
Other (loss) income
 261,013  (32,207  
(13,118
) 
Consolidated income (loss) before income taxes from continuing operations
$(1,131,634$5,526,306  $
(2,878,056
) 
            
Identifiable assets:
           
Total segment identifiable assets
$23,751,561 $27,037,318  $
33,071,771
  
Elimination of intersegment assets and assets held for sale/discontinued operations
 256,832  493,304   
14,894,820
  
Total consolidated assets
$24,008,393 $ 27,530,622  $
47,966,591