Notes Payable to an Officer and Stockholders

12 Months Ended

Oct. 31, 2011

Notes Payable To Officer And Stockholders [Abstract]

Notes Payable To Officer And Stockholders [Text Block]

6. Notes Payable to an Officer and Stockholders

At October 31, 2011 and 2010, notes payable to an officer and to stockholders consisted of the following:

	2011		2010
Unsecured convertible note payable to major stockholder; principal and interest at 6% due on March 10,2010.	$	64,000	$	64,000
Unsecured convertible note payable to major stockholder; principal and interest at 6% due on October 15, 2010.	$	30,000	$	30,000
Unsecured convertible notes payable to officers/directors of the Company; principal and interest at 6% due on April 9, 2011.	$	250,000	$	250,000
Unsecured notes payable to officers/directors of the Company; principal and interest at 6% due on demand	$	74,000	$	70,000
Unsecured convertible note payable to various stockholders (including $20,000 to major stockholder); principal and interest at 6% due between November 27, 2010 and April 20, 2011.	$	147,000	$	282,000
		565,000		696,000
Less current maturities	$	565,000	$	696,000
Long term portion of notes payable	$	—	$	—

With the exception of $74,000 in notes payable to officers and directors, which are payable on demand, all of the above notes payable are past due. The Company is currently negotiating with the holders of those notes to either extend the maturity date or convert the note into shares of common stock.