24. SUBSEQUENT EVENTS

12 Months Ended

Oct. 31, 2012

Subsequent Events [Abstract]

24. SUBSEQUENT EVENTS

24. SUBSEQUENT EVENTS

On December 7, 2012, the Company’s Audit Committee and Board of Directors approved a payment to the subordinated debt holders to reduce the outstanding balance of subordinated debt prior to December 31, 2012. Bank of America, the Company’s senior lender, consented to the payment under the terms of the Agreement with them. On December 21, 2012 the Company paid $1,500,000 to the subordinated debt holders.  The Company has included this payment in current portion of long term debt as of October 31, 2012.