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Accrued expenses and other long-term liabilities
12 Months Ended
Oct. 31, 2011
Accrued expenses and other long-term liabilities
Note 14- Accrued expenses and other long-term liabilities
 
Accrued expenses consist of the following as of October 31:
 
   
2011
   
2010
 
             
Wages payable
 
$
932,398
   
$
834,188
 
Accrued receipts
   
556,678
     
318,490
 
Other current liabilities
   
90,369
     
64,776
 
                 
Totals
 
$
1,579,445
   
$
1,217,454
 
 
Accrued receipts represent purchased inventory for which invoices have not been received.
 
Other long-term liabilities consist of the following as of October 31:
 
   
2011
   
2010
 
             
Tax related liabilities
 
$
79,222
   
$
216,171
 
Deferred lease liabilities
   
53,645
     
81,219
 
Totals
 
$
132,867
   
$
297,390
 

 See Note 6 for discussion of the tax-related liabilities. Deferred lease liabilities represent the excess of recognized rent expense over scheduled lease payments.