Notes Payable

3 Months Ended

Jan. 31, 2013

Debt Disclosure [Abstract]

Notes Payable

9. Notes Payable

At January 31, 2013 and October 31, 2012, without taking into effect any unamortized discounts, notes payable to an officer and to stockholders consisted of the following:

			October 31, 2012
	January 31, 2013		(Audited)
Unsecured, interest-free convertible notes payable to former officer/director of the Company; principal due on payment schedule through May 2014.	$	114,450	$	136,950
Unsecured convertible note payable to various stockholders; principal and interest at 6% due between December 9, 2010 and April 20, 2011.		52,000		52,000
		166,450		188,950
Less current maturities		142,000		142,000
Long term portion of notes payable	$	24,450	$	46,950

Concurrent with his April 13, 2012 resignation as Chairman of the Board of Directors and Chief Executive Officer, the Company agreed to repay a total of $160,000 in principal loans, $24,339 in accrued interest and $13,120 in unpaid fees and expenses due Michael Brennan over a 25-month payment schedule commencing May 1, 2012. As of January 31, 2013, payments have been made to Mr. Brennan to reduce the principal balance to $114,450.

With the exception of the above $114,450 in notes payable to a former officer and director, all of the above notes payable were past due as of January 31, 2013. The Company is currently negotiating with holders of the remaining $52,000 in principal notes to either extend the maturity date or convert the notes into shares of common stock.