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Income Taxes (Tables)
12 Months Ended
Oct. 31, 2012
Income Tax Disclosure [Abstract]  
Income Tax Benefit

 

      2012   2011
Current income tax provision:      
  Federal  $ 547,619 $  21,076
  State   93,741   3,115
      641,360   24,191
           
Deferred income tax provision:    
  Federal 34,056   349,485
  State   5,830   59,824
    39,886   409,309
    $ 681,246 $  433,500

Income tax provide by federal statutory rate
        2012   2011
Expected federal income tax expense at        
  Statutory rate $ 642,150  $ 379,835
State income tax expense, net federal        
  income tax effect   69,256   41,000
Other - meals and entertainment   6,530   4,753
Other     (36,690)   7,912
             
Income tax provision $ 681,246 $  433,500
Net Deferred Income Taxes
        2012   2011
Deferred tax assets    
  Inventory Reserve $ 76,765 $ 76,765
  Other Reserves and allowences   100,844   117,165
  Section 263A   104,038   84,634
  Alternative minimum tax credit carryforwards   0   37,685
           
    Total deferred tax assets   281,647   316,249
             
Deferred tax liabilities        
  Property, plant, and equipment   (130,146)   (124,862)
    Total gross deferred tax liabilities   (130,146)   (124,862)
             
  Net deferred income taxes $ 151,501 $  191,387