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3. MERGERS AND ACQUISITIONS (Tables)
12 Months Ended
Oct. 31, 2012
Business Combinations [Abstract]  
Purchase price paid for the acquisitions

 

Fiscal Year 2012

 

 

Valley Vending

   

 

 

Girard

   

 

 

Frontenac

   

 

 

Total

 
Month Acquired November     August     September        
Cash   $ 5,760     $ 148,500     $ 350,000     $ 504,260  
Assumption of Liability     1,240       1,500       -       2,740  
Issuance of debt     -       -       101,103       101,103  
Purchase Price   $ 7,000     $ 150,000     $ 451,103     $ 608,103  

 

 

 

Fiscal Year 2011

  Hartford Stamp    

 

Timberline

    Cool Beans    

 

Total

 
Month Acquired   November     January     February        
Cash   $ 450,000     $ 25,000     $ 237,500     $ 712,500  
Issuance of Debt     150,000       -       -     150,000  
Purchase Price   $ 600,000     $ 25,000     $ 237,500     $ 862,500  
Allocation of purchase price
    2012     2011  
Property and Equipment, net   $ 55,650     $ 183,000  
Other Intangible Assets, net     552,453       674,500  
Inventories     -       5,000  
Purchase Price   $ 608,103     $ 862,500  
Pro forma consolidated condensed results of operations
    2012     2011  
Net Sales   $ 71,862,611     $ 72,457,274  
Net Income (Loss)   $ (18,350,215 )   $ 1,630,189  
Net Income (Loss) Per Share-Diluted   $ (.86 )   $ .08  
Weighted Average Common     Shares Outstanding-Diluted     21,384,406       21,388,681