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Business activities and summary of significant accounting policies (Tables)

12 Months Ended

Oct. 31, 2012

Accounting Policies [Abstract]

Intangible assets

Intangible assets consist of the following as of October 31:

		2012				2011
Amortizable intangible assets:
Non-compete agreements (estimated life 5 years)		$	200,000			$	200,000
Accumulated amortization			(55,000	)			(15,000	)
			145,000				185,000

Customer relationships (estimated life 9.6 years)			1,730,000				1,730,000
Accumulated amortization			(247,787	)			(67,579	)
			1,482,213				1,662,421

Backlog (estimated life 6 months)			75,000				75,000
Accumulated amortization			(75,000	)			(56,250	)
			-				18,750
Total		$	1,627,213			$	1,866,171

Non-amortizable intangible assets:
Trademarks		$	410,000			$	410,000

Estimated amortization expense related to finite lived intangible assets

Estimated amortization expense related to finite lived intangible assets are as follows:

Year ending October 31,		Amount

2013		$	220,208
2014			220,208
2015			220,208
2016			205,208
2017			180,208
Thereafter			581,173
Total		$	1,627,213

Calculation of basic and diluted earnings per share

The following table summarizes the calculation of basic and diluted earnings per share:

		2012				2011
Numerators:
Consolidated net income (A)		$	2,612,422			$	773,011

Denominators:
Weighted average shares outstanding for basic earnings per share (B)			6,908,890				6,382,845
Add effects of potentially dilutive securities - assumed exercise of stock options			771,853				909,003

Weighted average shares for diluted earnings per share (C)			7,680,743				7,291,848

Basic net earnings per share (A)÷(B)		$	0.38			$	0.12

Diluted net earnings per share (A)÷(C)		$	0.34			$	0.11