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Prepaid Green Coffee
9 Months Ended
Jul. 31, 2011
Notes to Financial Statements  
Prepaid Green Coffee

NOTE   5  - PREPAID GREEN COFFEE:

 

Prepaid coffee is an item that emanates from OPTCO.  The balance represents advance payments made by OPTCO to several coffee growing cooperatives for the purchase of green coffee.  Interest is charged to the cooperatives for these advances.  Interest earned was $17,234 and $98,113 for the three and nine months ended July 31, 2011 and 2010, respectively.  The prepaid coffee balance was $1,167,153 at July 31, 2011 and $1,335,676 at October 31, 2010.