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CONSOLIDATED BALANCE SHEETS (USD $)
Jul. 31, 2012
Oct. 31, 2011
CURRENT ASSETS:    
CASH AND CASH EQUIVALENTS $ 195,193 $ 35,514
RESTRICTED CASH - TRANSIT INSURANCE 37,689 35,484
ACCOUNTS RECEIVABLE 131,160 120,300
STOCKYARDS INVENTORY 1,650 20,749
PREPAID EXPENSES 25,257 13,948
TOTAL CURRENT ASSETS 390,949 225,995
NON-CURRENT ASSETS:    
PROPERTY ON OPERATING LEASES, NET OF ACCUMULATED DEPRECIATION OF $28,584 AND $494,599 AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY 1,163,891 1,668,008
PROPERTY USED IN STOCKYARD OPERATIONS, NET OF ACCUMULATED DEPRECIATION OF $226,657 AND $212,257 AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY 1,057,867 1,072,267
PROPERTY HELD FOR DEVELOPMENT OR RESALE 52,250 52,250
OTHER ASSETS:    
RESTRICTED CASH - LETTER OF CREDIT 155,000 140,000
ART INVENTORY 10,000 10,000
TOTAL OTHER ASSETS 165,000 150,000
TOTAL ASSETS 2,829,957 3,168,520
CURRENT LIABILITIES:    
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 23,459 160,370
LINE OF CREDIT - ORDER BUYING 74,000 106,395
TRANSIT INSURANCE 37,689 35,484
TOTAL CURRENT LIABILITIES 135,148 302,249
NON-CURRENT LIABILITIES:    
LONG-TERM DEBT, RELATED PARTY 564,000 847,000
LONG-TERM PENSION LIABILITY 630,761 812,820
SALARIES AND INTEREST PAYABLE - OFFICERS 41,233 458,700
REAL ESTATE TAXES PAYABLE 66,617 56,200
TOTAL NON-CURRENT LIABILITIES 1,302,611 2,174,720
COMMITMENTS AND CONTINGENCIES 0 0
STOCKHOLDERS' EQUITY:    
PREFERRED STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 9,102,655 SHARES ISSUED AND OUTSTANDING AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY AND AGGREGATE LIQUIDATION PREFERENCE OF $10 PER SHARE FOR $ 91,026,550 AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY 91,027 91,027
COMMON STOCK, $0.01 PAR VALUE: 10,000,000 SHARES AUTHORIZED; 5,313,794 SHARES ISSUED AND 4,326,929 SHARES OUT- STANDING AT JULY 31, 2012 AND OCTOBER 31, 2011, RESPECTIVELY 53,138 53,138
ADDITIONAL PAID-IN CAPITAL 25,526,721 25,526,721
ACCUMULATED DEFICIT (11,437,017) (12,056,664)
986,865 SHARES OF COMMON STOCK HELD IN TREASURY, AT COST (11,003,545) (11,003,545)
COMPREHENSIVE INCOME: PENSION VALUATION RESERVE (1,838,126) (1,919,126)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY 1,392,198 691,551
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 2,829,957 $ 3,168,520