5. MACHINERY AND EQUIPMENT

12 Months Ended

Oct. 31, 2012

Notes to Financial Statements

5. MACHINERY AND EQUIPMENT

Machinery and equipment at October 31, 2012 and 2011 consisted of the following:

	Estimated Useful Life	2012		2011
Improvements	15-30 years	$	164,006	$	161,298
Machinery and equipment	7 years		3,767,500		3,348,163
Furniture and fixtures	7 years		491,716		343,864
			4,423,222		3,853,325
Less, accumulated depreciation			2,631,468		2,191,566
		$	1,791,754	$	1,661,759

Depreciation expense totaled $447,404 and $433,199 for the years ended October 31, 2012 and 2011, respectively.