Accrued expenses and other long-term liabilities

3 Months Ended

Jan. 31, 2013

Payables and Accruals [Abstract]

Accrued expenses and other long-term liabilities

Note 10 - Accrued expenses and other long-term liabilities

Accrued expenses consist of the following:

	January 31, 2013		October 31, 2012
Wages payable	$	1,022,309	$	1,031,537
Accrued receipts		1,160,128		864,270
Other current liabilities		178,784		205,884
Totals	$	2,361,221	$	2,101,691

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

Other long-term liabilities of $5,097 and $15,480 as of January 31, 2013 and October 31, 2012, respectively, consist of deferred lease liabilities. Deferred lease liabilities represent the excess of recognized rent expense over scheduled lease payments.