XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ 619,647 $ (370,473)
ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES:    
DEPRECIATION AND AMORTIZATION 29,350 31,950
GAIN ON SALES OF REAL ESTATE (1,137,350) 0
MINIMUM PENSION LIABILITY ADJUSTMENT 81,000 81,000
DECREASE (INCREASE) IN OPERATING ASSETS    
ACCOUNTS RECEIVABLE (10,860) 67,095
STOCKYARDS INVENTORY 19,099 13,348
PREPAID EXPENSES (11,309) (17,181)
RESTRICTED CASH - LETTER OF CREDIT (15,000) 0
RESTRICTED CASH - TRANSIT INSURANCE (2,205) (14,700)
INCREASE (DECREASE) IN OPERATING LIABILITIES:    
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (136,911) (57,736)
LINE OF CREDIT - ORDER BUYING (32,395) (154,000)
PENSION PLAN PAYABLE (182,059) (154,846)
SALARIES AND INTEREST PAYABLE - OFFICERS (417,467) 169,025
REAL ESTATE TAXES PAYABLE 10,417 10,639
TRANSIT INSURANCE 2,205 14,700
TOTAL ADJUSTMENTS (1,803,485) (10,706)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (1,183,838) (381,179)
CASH FLOWS FROM INVESTING ACTIVITIES:    
PROCEEDS FROM SALES OF REAL ESTATE 1,690,600 0
COSTS RELATING TO SALES OF REAL ESTATE (64,083) 0
CAPITAL EXPENDITURES 0 (50,710)
NET CASH PROVIDED BY INVESTING ACTIVITIES 1,626,517 (50,710)
CASH FLOWS PROVIDED BY (USED) IN FINANCING ACTIVITIES:    
PROCEEDS FROM LONG-TERM DEBT OBLIGATION 0 0
REPAYMENT OF LONG-TERM DEBT OBLIGATION (283,000) 0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (283,000) 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 159,679 (431,889)
CASH AND CASH EQUIVALENTS AT BEGN OF YEAR 35,514 510,361
CASH AND CASH EQUIVALENTS AT END OF YEAR 195,193 78,472
CASH PAID DURING THE YEAR FOR:    
INTEREST 64,354 63,525
INCOME TAXES $ 0 $ 0