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Inventories and major vendors

3 Months Ended

Jan. 31, 2013

Inventory Disclosure [Abstract]

Inventories and major vendors

Note 3 - Inventories and major vendors

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or market. Cost has been determined using the weighted average cost method.

		January 31, 2013				October 31, 2012

Raw materials and supplies		$	2,485,137			$	2,518,937
Work in process			157				2,863
Finished goods			4,307,224				4,630,174
Less inventory reserve			(55,146	)			(167,428	)

Totals		$	6,737,372			$	6,984,546

There were no purchases of connector products in excess of 10% of total inventory purchases from vendors in the three month period ended January 31, 2013. Purchases of connector products from two major vendors in the three month period ended January 31, 2012 represented 19% and 16% of total inventory purchases. The Company has arrangements with these vendors to purchase product based on purchase orders periodically issued by the Company.

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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