XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
OPERATIONS EXPENSES:    
GENERAL AND ADMINISTRATIVE EXPENSE $ (943,989) $ (962,131)
INCOME (LOSS) FROM OPERATIONS (591,058) 656,691
OTHER (EXPENSES) INCOME:    
INTEREST AND OTHER INCOME 13,090 15,738
INTEREST EXPENSE-RELATED PARTY (84,700) (125,766)
IMPAIRMENT AND LOSS FROM ART SALE (78,620) 0
OTHER (EXPENSES) INCOME TOTAL (150,230) (110,028)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES (741,288) 546,663
(BENEFIT) PROVISION FOR INCOME TAXES 0 0
NET INCOME (LOSS) (741,288) 546,663
OTHER COMPREHENSIVE (LOSS) INCOME:    
MINIMUM PENSION LIABILITY ADJUSTMENT (24,753) 21,612
COMPREHENSIVE INCOME (LOSS) (766,041) 568,275
NET INCOME (LOSS) PER COMMON SHARE:    
- BASIC $ (0.17) $ 0.14
- DILUTED $ (0.17) $ 0.14
WEIGHTED AVERAGE NUMBER OF SHARES:    
- BASIC 4,326,929 4,326,929
- DILUTED 4,326,929 4,326,929
Real Estate [Member]
   
REVENUES:    
SALE OF REAL ESTATE 0 2,000,000
REAL ESTATE RENTAL 269,826 274,862
EXCHANGE BUILDING RENTAL 0 10,414
REAL ESTATE REVENUES TOTAL 269,826 2,285,276
OPERATIONS EXPENSES:    
COST OF REAL ESTATE SOLD 0 758,408
LABOR, OPERATING AND MAINTENANCE 9,625 24,526
DEPRECIATION AND AMORTIZATION 22,200 22,200
TAXES OTHER THAN INCOME TAXES 15,000 21,600
GENERAL AND ADMINISTRATIVE 10,200 21,961
OPERATING EXPENSES TOTAL 57,025 848,965
INCOME (LOSS) FROM OPERATIONS 212,801 1,436,581
Stockyard Operations [Member]
   
REVENUES:    
YARD HANDLING AND AUCTION 1,537,051 1,660,843
FEED AND BEDDING INCOME 105,095 99,974
RENTAL & OTHER INCOME 123,654 242,014
STOCKYARD REVENUES TOTAL 1,765,800 2,002,831
OPERATIONS EXPENSES:    
LABOR AND RELATED COSTS 733,085 781,058
OTHER OPERATING AND MAINTENANCE 429,382 492,031
FEED AND BEDDING EXPENSE 78,764 84,545
DEPRECIATION AND AMORTIZATION 20,400 13,470
TAXES OTHER THAN INCOME TAXES 64,553 146,014
GENERAL AND ADMINISTRATIVE 299,486 303,472
OPERATING EXPENSES TOTAL 1,625,670 1,820,590
INCOME (LOSS) FROM OPERATIONS $ 140,130 $ 182,241