3. MERGERS AND ACQUISITIONS

12 Months Ended

Oct. 31, 2016

Business Combinations [Abstract]

3. MERGERS AND ACQUISITIONS

The Company had no acquisitions in fiscal year 2016.

In fiscal year 2015 the Company purchased certain assets of Old Mill Pond Springs in Massachusetts.  The purchase price paid for the acquisition is as follows:

	Old Mill
Fiscal Year 2015	Pond Springs
Month Acquired	March
Cash	$	66,196
Accounts Receivable		1,304
Debt		7,500
Purchase Price	$	75,000

There were no acquisition-related costs in fiscal years 2016 and 2015.

The allocation of purchase price to the corresponding line item on the financial statements related to the acquisition for fiscal 2015 year is as follows:

	2015
Property and Equipment, net	$	11,512
Accounts receivable		1,304
Other Intangible Assets		62,184
Purchase Price	$	75,000

The following table summarizes the pro forma consolidated condensed results of operations (unaudited) of the Company for the fiscal year ended October 31, 2015 as though the acquisition had been consummated at the beginning of fiscal year 2015.

	2015
Net Sales	$	73,970,099
Net Income (Loss)	$	(588,673	)
Net Income (Loss) Per Share-Diluted	$	(.03	)
Weighted Average Common     Shares Outstanding-Diluted		21,358,411

The operating results of the acquired entity has been included in the accompanying statements of operations since the respective date of acquisition.