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Fixed assets
9 Months Ended
Jul. 31, 2012
Fixed assets

Note 11 – Fixed assets

 

During the three months ended July 31, 2012, the Company wrote off $1,108,655 of fully depreciated equipment and tooling and furnitures and fixtures, which were originally purchased and capitalized prior to fiscal 2005. Management determined these assets to be of no futher use to the Company. The net fixed asset balance for the three and nine month periods ended July 31, 2012 was unaffected by these write-offs.