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

3 Months Ended

Jan. 31, 2016

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,
	2016			2015
Net Loss	$	(29,528	)	$	(426,610	)
Denominator:
Basic Weighted Average Shares Outstanding		21,358,411			21,358,411
Dilutive effect of Stock Options		-			-
Diluted Weighted Average Shares Outstanding		21,358,411			21,358,411
Basic Loss Per Share	$	(.00	)	$	(.02	)
Diluted Loss Per Share	$	(.00	)	$	(.02	)

As of January 31, 2016 there were no options outstanding.  As of January 31, 2015 there were 46,250 options outstanding.   For the three month periods ended January 31, 2016 and 2015 there were no options used to calculate the effect of dilution because the Company had a net loss.