9. EARNINGS PER SHARE	9 Months Ended
Jul. 31, 2015
Earnings Per Share [Abstract]
9. EARNINGS PER SHARE	The Company presents “basic” and “diluted” earnings per common share pursuant to the provisions included in the authoritative guidance issued by FASB, “Earnings per Share,” and certain other financial accounting pronouncements. Basic earnings per common share were computed by dividing net income by the sum of the weighted-average number of common shares outstanding. Diluted earnings per common share is computed by dividing the net income by the weighted-average number of common shares outstanding plus the dilutive effect of common shares issuable upon exercise of potential sources of dilution. The weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 6,215,894 for the three and nine months ended July 31, 2015. The weighted average common shares outstanding used in the computation of basic earnings per share were 6,344,487 and 6,362,933 for the three and nine months ended July 31, 2014. The weighted average common shares outstanding used in the computation of diluted earnings per share were 6,611,487 and 6,629,933 for the three and nine months ended July 31, 2014. In September 2011, the Company issued units to certain purchasers which contained warrants to purchase, in the aggregate, 267,000 shares of the Company’s common stock, all of which warrants are currently exercisable. The 267,000 shares of common stock underlying the warrants have been included in the diluted earnings per share calculation for the three and nine months ended July 31, 2014 because of their anti-dilutive impact.

9. EARNINGS PER SHARE

9 Months Ended

Jul. 31, 2015

The Company presents “basic” and “diluted” earnings per common share pursuant to the provisions included in the authoritative guidance issued by FASB, “Earnings per Share,” and certain other financial accounting pronouncements. Basic earnings per common share were computed by dividing net income by the sum of the weighted-average number of common shares outstanding. Diluted earnings per common share is computed by dividing the net income by the weighted-average number of common shares outstanding plus the dilutive effect of common shares issuable upon exercise of potential sources of dilution.

The weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 6,215,894 for the three and nine months ended July 31, 2015. The weighted average common shares outstanding used in the computation of basic earnings per share were 6,344,487 and 6,362,933 for the three and nine months ended July 31, 2014. The weighted average common shares outstanding used in the computation of diluted earnings per share were 6,611,487 and 6,629,933 for the three and nine months ended July 31, 2014. In September 2011, the Company issued units to certain purchasers which contained warrants to purchase, in the aggregate, 267,000 shares of the Company’s common stock, all of which warrants are currently exercisable. The 267,000 shares of common stock underlying the warrants have been included in the diluted earnings per share calculation for the three and nine months ended July 31, 2014 because of their anti-dilutive impact.