STOCKHOLDERS’ EQUITY

3 Months Ended

Jan. 31, 2012

Notes to Financial Statements

STOCKHOLDERS’ EQUITY

NOTE 14 - STOCKHOLDERS’ EQUITY:

a. Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the three months ended January 31, 2012 and 2011. 

b. Dividends: On January 30, 2012, the Company paid a cash dividend of $193,689 ($0.03 per share) to all stockholders of record as of January 16, 2012. On January 31, 2011, the Company paid a cash dividend of $166,989 ($0.03 per share) to all stockholders of record as of January 17, 2011.