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5. PREPAID GREEN COFFEE
9 Months Ended
Jul. 31, 2012
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
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 $19,423 and $98,113 for the nine months ended July 2012 and 2011, respectively, and $6,238 and $17, 234 for the three months ended July 2012 and 2011.  The prepaid coffee balance was $201,300 at July 31, 2012 and $388,754 at October 31, 2011.