13. STOCKHOLDERS' EQUITY

6 Months Ended

Apr. 30, 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.  The Company did not purchase any shares during the six months ended April 30, 2014 and 2013.

b. Dividends.  On December 27, 2012, the Company paid a cash dividend of $387,377 ($0.06 per share) to all stockholders of record as of December 15, 2012.