12. FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Oct. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy

The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.

				Fair Value Measurements as of October 31, 2014
	Total			Level 1		Level 2			Level 3
Assets:
Money market		515,549			515,549		–			–
Total Assets	$	515,549		$	515,549		–			–
Liabilities:
Commodities – Options		(217,624	)				(217,624	)
Commodities – Futures		(267,300	)		–		(267,300	)		–
Total Liabilities	$	(484,924	)		–	$	(484,924	)		–

			Fair Value Measurements as of October 31, 2013
	Total		Level 1		Level 2		Level 3
Assets:
Money market		515,498		515,498		–		–
Total Assets	$	515,498	$	515,498		–		–

Liabilities:
Commodities – Options		(188,819	)			(188,819	)
Commodities – Futures		(795,221	)	–		(795,221	)	–
Total Liabilities	$	(984,040	)	–	$	(984,040	)	–