7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES

3 Months Ended

Jan. 31, 2015

Earnings Per Share [Abstract]

7. Income (Loss) Per Share And Weighted Average Shares

The Company considers outstanding in-the-money stock options as potential common stock in its calculation of diluted earnings per share, unless the effect would be anti-dilutive, and uses the treasury stock method to calculate the applicable number of shares.  The following calculation provides the reconciliation of the denominators used in the calculation of basic and fully diluted earnings per share:

	Three Months Ended January 31,
	2015			2014
Net Loss	$	(426,610	)	$	(846,948	)
Denominator:
Basic Weighted Average Shares Outstanding		21,358,411			21,360,585
Dilutive effect of Stock Options		-			-
Diluted Weighted Average Shares Outstanding		21,358,411			21,360,585
Basic Loss Per Share	$	(.02	)	$	(.04	)
Diluted Loss Per Share	$	(.02	)	$	(.04	)

There were 46,250 and 252,750 options outstanding as of January 31, 2015 and 2014, respectively.  For the three month periods ended January 31, 2015 and 2014 there were no options used to calculate the effect of dilution because the Company had a net loss for both periods.