XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (741,288) $ 546,663
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH (USED) BY OPERATING ACTIVITIES:    
DEPRECIATION AND AMORTIZATION 42,600 35,670
LOSS ON SALES OF ART 78,620 0
GAIN ON SALES OF REAL ESTATE 0 (1,241,592)
MINIMUM PENSION LIABILITY ADJUSTMENT (24,753) 21,612
DECREASE (INCREASE) IN ASSETS:    
NOTES AND ACCOUNTS RECEIVABLE 43,579 (57,454)
STOCKYARDS INVENTORY (6,141) 1,978
PREPAID EXPENSES (1,487) 4,504
RESTRICTED CASH - LETTER OF CREDIT 0 (10,000)
RESTRICTED CASH - TRANSIT INSURANCE (9,484) 4,690
DEPOSITS AND OTHER 0 0
INCREASE (DECREASE) IN LIABILITIES:    
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,909 (24,813)
LINE OF CREDIT - ORDER BUYING (47,971) 92,366
PENSION PLAN PAYABLE (56,856) 73,004
SALARIES AND INTEREST PAYABLE - OFFICERS 283,700 175,000
REAL ESTATE TAXES PAYABLE 11,657 (178,248)
TRANSIT INSURANCE 9,484 (4,690)
TOTAL ADJUSTMENTS 326,857 (1,107,973)
NET CASH USED BY OPERATING ACTIVITIES (414,431) (561,310)
CASH FLOWS FROM INVESTING ACTIVITIES:    
PROCEEDS FROM SALES OF REAL ESTATE 0 2,000,000
PROCEEDS FROM SALES OF ART 11,380 0
COSTS RELATING TO SALES OF REAL ESTATE 0 (537,953)
COSTS RELATING TO SALES OF ART 0 0
CAPITAL EXPENDITURES (71,796) (400,000)
NET CASH (USED) PROVIDED BY INVESTING ACTIVITIES (60,416) 1,062,047
CASH FLOWS FROM FINANCING ACTIVITIES:    
REPAYMENT OF LONG-TERM DEBT OBLIGATIONS 0 (145,000)
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES 0 (145,000)
NET (DECREASE ) INCREASE IN CASH AND CASH EQUIVALENTS (474,847) 355,737
CASH AND CASH EQUIVALENTS AT BEGN OF YEAR 510,361 154,624
CASH AND CASH EQUIVALENTS AT END OF YEAR 35,514 510,361
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
INTEREST EXPENSE $ 84,700 $ 125,766