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Debt
6 Months Ended
Apr. 30, 2014
Debt Disclosure [Abstract]  
Debt

6.              Debt:

 

The Company has a $1,650,000 line of credit agreement with First Merchants Bank of Muncie, Indiana that was entered into on January 7, 2013.  The line of credit allows the Company to borrow at an interest rate equal to the sum of the LIBOR Rate applicable to each interest period plus 2.24%. The line of credit is secured by all assets of the Company and has a term of two years.  The line of credit had an outstanding balance of $1,245,020 at April 30, 2014 and $1,648,649 at October 31, 2013.