XML 83 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Accrued expenses and other long-term liabilities
12 Months Ended
Oct. 31, 2012
Payables and Accruals [Abstract]  
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:

 

    2012     2011  
             
Wages payable   $ 1,031,537     $ 932,398  
Accrued receipts     864,270       556,678  
Other current liabilities     205,884       90,369  
                 
Totals   $ 2,101,691     $ 1,579,445  

 

Accrued receipts represent purchased inventory for which invoices have not been received.

 

Other long-term liabilities consist of the following as of October 31:

 

    2012     2011  
             
Tax related liabilities   $ -     $ 79,222  
Deferred lease liabilities     15,480       53,645  
Totals   $ 15,480     $ 132,867  

 

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