Variable interest entity	12 Months Ended
Oct. 31, 2011
Variable interest entity	Note 12- Variable interest entity K&K was formed on August 14, 2009 for the purpose of establishing a separation of legal ownership of the building where Cables Unlimited conducts its operations. Cables Unlimited’s former sole stockholder is the sole member of K&K. Cables Unlimited was deemed the primary beneficiary of K&K even though it has no direct ownership in K&K as it has the power to direct the activities of K&K that most significantly impact its economic performance and provides significant financial support through a lease agreement between Cables Unlimited and K&K. In addition, Cables Unlimited is guarantor of K&K’s mortgage note payable to Teacher’s Federal Credit Union (“TFCU”) and Small Business Administration (“SBA”) As of October 31, 2011 and for the 12 months then ended, K&K had assets of $1,627,346 ($66,926 in cash, $12,827 in other current assets, $1,476,925 in land and building, net and $70,668 in other assets), liabilities of $1,413,730, revenues of $58,500 and expenses of $61,464. Included in total consolidated assets are assets totaling $1,548,100 that represent collateral for these obligations.

Note 12- Variable interest entity

K&K was formed on August 14, 2009 for the purpose of establishing a separation of legal ownership of the building where Cables Unlimited conducts its operations. Cables Unlimited’s former sole stockholder is the sole member of K&K. Cables Unlimited was deemed the primary beneficiary of K&K even though it has no direct ownership in K&K as it has the power to direct the activities of K&K that most significantly impact its economic performance and provides significant financial support through a lease agreement between Cables Unlimited and K&K. In addition, Cables Unlimited is guarantor of K&K’s mortgage note payable to Teacher’s Federal Credit Union (“TFCU”) and Small Business Administration (“SBA”)

As of October 31, 2011 and for the 12 months then ended, K&K had assets of $1,627,346 ($66,926 in cash, $12,827 in other current assets, $1,476,925 in land and building, net and $70,668 in other assets), liabilities of $1,413,730, revenues of $58,500 and expenses of $61,464. Included in total consolidated assets are assets totaling $1,548,100 that represent collateral for these obligations.