Notes Payable

3 Months Ended

Jan. 31, 2012

Notes Payable To Officer and Stockholders [Abstract]

Notes Payable To Officer And Stockholders [Text Block]

7. Notes Payable

At January 31, 2012 and October 31, 2011, notes payable to an officer and to stockholders consisted of the following:

	January 31,		October 31,
	2012		2011
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		74,000
Unsecured convertible note payable to various stockholders (including $20,000 to major stockholder); principal and interest at 6% due between November 27, 2010 and March 12, 2012.		169,480		147,000
		587,480		565,000
Less current maturities		587,480		565,000
Long term portion of notes payable	$	—	$	—

With the exception of $74,000 in notes payable to officers and directors, which are payable on demand, and a note for $59,980 which is due in full on March 12, 2012, 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.