5. MACHINERY AND EQUIPMENT

12 Months Ended

Oct. 31, 2015

Notes to Financial Statements

MACHINERY AND EQUIPMENT

Machinery and equipment at October 31, 2015 and 2014 consisted of the following:

	Estimated Useful Life	2015		2014
Improvements	15-30 years	$	199,035	$	172,506
Machinery and equipment	7 years		5,274,277		4,937,017
Furniture and fixtures	7 years		612,944		586,373
			6,086,256		5,695,896
Less, accumulated depreciation			4,241,256		3,704,802
		$	1,845,000	$	1,991,094

Depreciation expense totaled $537,890 and $573,900 for the years ended October 31, 2015 and 2014, respectively.