5. MACHINERY AND EQUIPMENT

12 Months Ended

Oct. 31, 2014

Notes to Financial Statements

MACHINERY AND EQUIPMENT

Machinery and equipment at October 31, 2014 and 2013 consisted of the following:

	Estimated Useful Life	2014		2013
Improvements	15-30 years	$	172,506	$	172,506
Machinery and equipment	7 years		4,937,017		4,481,050
Furniture and fixtures	7 years		586,373		537,696
			5,695,896		5,191,252
Less, accumulated depreciation			3,704,802		3,130,902
		$	1,991,094	$	2,060,350

Depreciation expense totaled $573,900 and $506,934 for the years ended October 31, 2014 and 2013, respectively.