Note 6 - Long-term Debt and Note Payable to Bank (Tables)

3 Months Ended

Jan. 31, 2017

Notes Tables

Schedule of Debt [Table Text Block]

	January 31,		October 31,
	2017		2016
Virginia Real Estate Loan ($6.5 million original principal) payable in monthly installments of $35,045, including interest (at 3.75%), with final payment of $4,855,818 due April 30, 2018	$	5,112,418	$	5,165,785
North Carolina Real Estate Loan ($2.24 million original principal) payable in monthly installments of $12,077, including interest (at 3.75%), with final payment of $1,673,389 due April 30, 2018		1,761,818		1,780,209
Total long-term debt		6,874,236		6,945,994
Less current installments		309,505		294,214
Long-term debt, excluding current installments	$	6,564,731	$	6,651,780