13. STOCKHOLDERS' EQUITY

3 Months Ended

Jan. 31, 2014

Equity [Abstract]

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.  In January 2014, the Board of Directors authorized a share repurchase program pursuant to which the Company may repurchase up to $1 million of its outstanding common stock from time to time on the open market and in privately negotiated transactions subject to market conditions, share price and other factors.  The Company did not purchase any shares during the three months ended January 31, 2014 and 2013.

b. Dividends:  On December 27, 2012, the Company paid a cash dividend of $387,379 ($0.06 per share) to all stockholders of record as of December 15, 2012.