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8. EQUIPMENT RENTAL

12 Months Ended

Oct. 31, 2012

8.	EQUIPMENT RENTAL

The carrying cost of the equipment rented to customers under contract, which is included in property and equipment in the consolidated balance sheets, is calculated as follows:

	2012		2011
Original Cost	$	3,346,912	$	2,635,944
Accumulated Depreciation		2,569,990		2,040,907
Carrying Cost	$	776,922	$	595,037

We expect to have revenue of $767,000 from the rental of equipment under contract at the end of the year over the next twelve months. After twelve months customer contracts convert to a month-to month basis.

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

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