Note 4 - Property and Equipment, Net

12 Months Ended

Oct. 31, 2014

Property, Plant and Equipment Disclosure [Text Block]

(4)	Property and Equipment, Net

Property and equipment, net as of October 31, 2014 and 2013 consists of the following:

	October 31,
	2014			2013
Land	$	3,144,068		$	3,144,068
Building and improvements		8,120,110			7,990,110
Machinery and equipment		23,664,060			22,217,244
Furniture and fixtures		957,032			950,640
Construction in progress		493,876			251,727
Total property and equipment, at cost		36,379,146			34,553,789
Less accumulated amortization and depreciation		(23,265,701	)		(21,726,591	)
Property and equipment, net	$	13,113,445		$	12,827,198

As of October 31, 2014, the Company has committed $2.8 million for new manufacturing equipment at its fiber optic cable production facility.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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