XML 48 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 7 - Long-term Debt and Note Payable to Bank (Tables)
12 Months Ended
Oct. 31, 2014
Notes Tables  
Schedule of Debt [Table Text Block]
 
 
October 31,
 
 
 
2014
 
 
2013
 
Virginia Real Estate Loan ($6.5 million original principal)
payable in monthly installments of $36,426, including interest
(at 4.25%), with final payment of $4,858,220 due April 30, 2018
  $ 5,575,586     $ 5,767,947  
North Carolina Real Estate Loan ($2.24 million original principal)
payable in monthly installments of $12,553, including interest
(at 4.25%), with final payment of $1,674,217 due April 30, 2018
    1,921,433       1,987,723  
Total long-term debt
    7,497,019       7,755,670  
Less current installments
    269,996       258,628  
Long-term debt, excluding current installments
  $ 7,227,023     $ 7,497,042