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Employee Retirement Plan
6 Months Ended
Apr. 30, 2012
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]  
Employee Retirement Plan

8.   Employee Retirement Plan

 

Commencing on January 1, 2005, the Company sponsored a Simple IRA retirement plan which covers substantially all qualified full-time employees. Participation in the plan is voluntary and employer contributions are determined on an annual basis. Employer contributions would be made at the rate of three percent (3%) of the employees’ base annual wages. However, the Company made no contributions to the IRA plan during the six months ended April 30, 2012 and 2011.