Accrued expenses and other long-term liabilities

3 Months Ended

Jan. 31, 2012

Accrued expenses and other long-term liabilities

Note 11 - Accrued expenses and other long-term liabilities

Accrued expenses consist of the following:

	January 31, 2012		October 31, 2011
Wages payable	$	585,501	$	932,398
Accrued receipts		495,360		556,678
Other current liabilities		111,449		90,369
Totals	$	1,192,310	$	1,579,445

Accrued receipts represent purchased inventory for which invoices have not been received.

Other long-term liabilities consist of the following:

	January 31, 2012		October 31, 2011
Tax related liabilities	$	79,223	$	79,222
Deferred lease liabilities		45,788		53,645
Totals	$	125,011	$	132,867

 Deferred lease liabilities represent the excess of recognized rent expense over scheduled lease payments.