5. MACHINERY AND EQUIPMENT

12 Months Ended

Oct. 31, 2013

Notes to Financial Statements

MACHINERY AND EQUIPMENT

Machinery and equipment at October 31, 2013 and 2012 consisted of the following:

	Estimated Useful Life	2013		2012
Improvements	3-31.5 years	$	172,506	$	164,006
Machinery and equipment	7 years		4,481,050		3,767,500
Furniture and fixtures	7 years		537,696		491,716
			5,191,252		4,423,222
Less, accumulated depreciation			3,130,902		2,631,468
		$	2,060,350	$	1,791,754

Depreciation expense totaled $506,934 and $447,404 for the years ended October 31, 2013 and 2012, respectively.