Product Warranties

9 Months Ended

Jul. 31, 2012

(5) Product Warranties

As of July 31, 2012 and October 31, 2011, the Company's accrual for estimated product warranty claims totaled $190,000 and $175,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and nine months ended July 31, 2012 totaled $121,076 and $155,592, respectively, and warranty claims expense for the three months and nine months ended July 31, 2011 totaled $74,539 and $170,125, respectively.

The following table summarizes the changes in the Company's accrual for product warranties during the nine months ended July 31, 2012 and 2011:


		Nine Months Ended
		July 31,
		2012			2011

Balance at beginning of period	$	175,000		$	170,000
Liabilities accrued for warranties issued during the period		218,454			230,500
Warranty claims and costs paid during the period		(140,592	)		(150,125	)
Changes in liability for pre-existing warranties during the period		(62,862	)		(60,375	)
Balance at end of period	$	190,000		$	190,000