19. NET INCOME PER SHARE AND WEIGHTED AVERAGE SHARES

12 Months Ended

Oct. 31, 2012

Earnings Per Share [Abstract]

19. Income Per Share And Weighted Average Shares

19. NET INCOME PER SHARE AND WEIGHTED AVERAGE SHARES

The following calculation provides the reconciliation of the denominators used in the calculation of basic and fully diluted earnings per share:

	2012			2011
Net Income (Loss)	$	(18,477,514	)	$	1,485,526
Denominator:
Basic Weighted Average Shares Outstanding		21,384,406			21,388,681
Effect of Stock Options	-			-
Diluted Weighted Average Shares Outstanding		21,384,406			21,388,681
Basic Net Income (Loss) Per Share	$	(.86	)	$	.07
Diluted Net Income (Loss) Per Share	$	(.86	)	$	.07

There were 269,500 and 284,500 options outstanding for the years ended October 31, 2012 and 2011, respectively, that were not included in the dilution calculation because the options’ exercise price exceeded the market price of the underlying common shares.