Notes Payable to an Officer and Stockholder

12 Months Ended

Oct. 31, 2013

Debt Disclosure [Abstract]

Notes Payable to an Officer and Stockholders

6. Notes Payable to an Officer 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:

	2013		2012
Unsecured, interest-free convertible notes payable to former officer/director of the Company; principal due on payment schedule through May 2014.	$	113,450	$	136,950
Unsecured notes payable to officers/directors of the Company; principal and interest at 6% due on demand.	$	36,000	$	—
Unsecured convertible note payable to various stockholders; principal and interest at 6% due between December 9, 2010 and March 31, 2013.	$	52,000	$	52,000
		201,450		188,950
Less current maturities	$	201,450	$	142,844
Long term portion of notes payable	$	—	$	46,106

Of the above notes payable, $113,450 is the subject of a lawsuit brought against the Company by former officer and director, Michael Brennan. The Company is currently negotiating with the holders of $52,000 of the above notes to either extend the maturity date or convert the notes into shares of common stock. The Company’s outstanding notes mature as follows for the years ending:

2014	$	201,450
Thereafter		—
	$	201,450