XML 46 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable to an Officer and Stockholders (Tables)
12 Months Ended
Oct. 31, 2012
Debt Disclosure [Abstract]  
Schedule of Unamortized Discounts, Notes Payable to Officers and Stockholders

At October 31, 2012 and 2011, without taking into effect any unamortized discounts, notes payable to an officer and to stockholders consisted of the following:

 

    2012     2011  
Unsecured convertible note payable to major stockholder; principal and interest at 6% due on March 10, 2010.   $     $ 64,000  
                 
Unsecured convertible note payable to major stockholder; principal and interest at 6% due on October 15, 2010.   $     $ 30,000  
                 
Unsecured, interest-free convertible notes payable to former officer/director of the Company; principal due on payment schedule through May 2014.   $ 136,950     $ 160,000  
                 
Unsecured notes payable to officers/directors of the Company; principal and interest at 6% due on demand.   $     $ 164,000  
                 
Unsecured convertible note payable to various stockholders; principal and interest at 6% due between December 9, 2010 and March 31, 2013.   $ 52,000     $ 147,000  
      188,950       565,000  
                 
Less current maturities   $ 142,000     $ 565,000  
                 
Long term portion of notes payable   $ 46,950     $  

Schedule of Maturities of Notes Payable

The company’s remaining outstanding note matures as follows for the years ending:

 

2013   $ 90,000  
2014     46,950  
Thereafter     -  
    $ 136,950