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CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2011
Oct. 31, 2010
CURRENT ASSETS:    
CASH AND CASH EQUIVALENTS $ 35,514 $ 510,361
RESTRICTED CASH - TRANSIT INSURANCE 35,484 26,000
NOTES AND ACCOUNTS RECEIVABLE 120,300 163,879
STOCKYARDS INVENTORY 20,749 14,608
PREPAID EXPENSES 13,948 12,461
TOTAL CURRENT ASSETS 225,995 727,309
NON-CURRENT ASSETS:    
PROPERTY ON OPERATING LEASES, NET OF ACCUMULATED DEPRECIATION OF $ 494,599 AND $ 472,399 AT OCTOBER 31, 2011 AND 2010, RESPECTIVELY 1,668,008 1,676,407
PROPERTY USED IN STOCKYARD OPERATIONS, NET OF ACCUMULATED DEPRECIATION OF $ 212,257 AND $ 191,857 AT OCTOBER 31, 2011 AND 2010, RESPECTIVELY 1,072,267 1,034,672
PROPERTY HELD FOR DEVELOPMENT OR RESALE 52,250 52,250
OTHER ASSETS:    
RESTRICTED CASH - LETTER OF CREDIT 140,000 140,000
ART INVENTORY 10,000 100,000
TOTAL OTHER ASSETS 150,000 240,000
TOTAL ASSETS 3,168,520 3,730,638
CURRENT LIABILITIES:    
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 160,370 156,461
LINE OF CREDIT - ORDER BUYING 106,395 154,366
TRANSIT INSURANCE 35,484 26,000
TOTAL CURRENT LIABILITIES 302,249 336,827
NON-CURRENT LIABILITIES:    
LONG-TERM DEBT, RELATED PARTY 847,000 847,000
LONG-TERM PENSION LIABILITY 812,820 869,676
SALARIES AND INTEREST PAYABLE - OFFICERS 458,700 175,000
REAL ESTATE TAXES PAYABLE 56,200 44,543
TOTAL NON-CURRENT LIABILITIES 2,174,720 1,936,219
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS' (DEFICIT) EQUITY:    
PREFERRED STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 9,102,655 AND 9,102,655 SHARES ISSUED AND OUTSTANDING AT OCTOBER 31, 2011 AND 2010, RESPECTIVELY AND AGGREGATE LIQUIDATION PREFERENCE OF $10.00 PER SHARE FOR $ 91,026,550 AND $ 91,026,550 AT OCTOBER 31, 2011 AND 2010, RESPECTIVELY 91,027 91,027
COMMON STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 5,313,794 SHARES ISSUED & 4,326,929 SHARES OUTSTANDING AT OCTOBER 31, 2011 AND 2010, RESPECTIVELY 53,138 53,138
ADDITIONAL PAID-IN CAPITAL 25,526,721 25,526,721
ACCUMULATED DEFICIT (12,056,664) (11,315,376)
986,865 SHARES OF COMMON STOCK HELD IN TREASURY, AT COST (11,003,545) (11,003,545)
COMPREHENSIVE INCOME (LOSS): PENSION VALUATION RESERVE (1,919,126) (1,894,373)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY 691,551 1,457,592
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 3,168,520 $ 3,730,638