Note 6 - Impairment of Long-lived Assets

3 Months Ended

Jan. 31, 2018

Notes to Financial Statements

Asset Impairment Charges [Text Block]

6. IMPAIRMENT OF LONG-LIVED ASSETS

The Company reviews long-lived assets and certain identifiable intangible assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts

may

not

be recovered. Recoverability is assessed based on estimated undiscounted future cash flows. The Company’s policy is to record an impairment loss when it is determined that the carrying amount of the asset

may

not

be recoverable.

During the quarter ended

January 31, 2018,

the Company recorded an impairment loss of

$385,463,

included in loss on disposal of property and equipment on the consolidated statements of operations, related to the abandonment of an ERP software implementation that was yet to be placed in service. There were

no

impairment charges recognized during the quarter ended

January 31, 2017.