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Note 5 - Product Warranties
6 Months Ended
Apr. 30, 2014
Product Warranties Disclosures [Abstract]  
Product Warranty Disclosure [Text Block]

(5)

Product Warranties


As of April 30, 2014 and October 31, 2013, the Company’s accrual for estimated product warranty claims totaled $165,000 and $190,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and six months ended April 30, 2014 totaled $88,996 and $109,535, respectively, and warranty claims expense for the three months and six months ended April 30, 2013 totaled $91,296 and $81,640, respectively.


The following table summarizes the changes in the Company’s accrual for product warranties during the six months ended April 30, 2014 and 2013:


   

Six Months Ended

April 30,

 
   

2014

   

2013

 

Balance at beginning of period

  $ 190,000     $ 250,000  

Liabilities accrued for warranties issued during the period

    212,255       241,455  

Warranty claims and costs paid during the period

    (134,535 )     (131,640 )

Changes in liability for pre-existing warranties during the period

    (102,720 )     (159,815 )

Balance at end of period

  $ 165,000     $ 200,000