Income Taxes

12 Months Ended

Oct. 31, 2013

Income Taxes [Abstract]

Income Tax

INCOME TAXES

The differences between the financial statement basis and tax basis of assets are based on the following:

	October 31, 2013			October 31, 2012
Financial statement basis of assets	$	112,673,222		$	61,133,132
Organization & start-up costs capitalized for tax purposes, net	625,720			715,109
Tax depreciation greater than book depreciation	(24,977,852		)	(25,653,678		)
Unrealized derivatives losses	75,113			45,563
Capitalized inventory	35,761			10,957
Net effect of consolidation of acquired subsidiary	(10,396,697		)	—
Income tax basis of assets	$	78,035,267		$	36,251,083
Financial statement basis of liabilities	$	44,305,219		$	11,277,807
Debt premium - acquisition fair value adjustment	(2,023,441		)	—
Income tax basis of liabilities	$	42,281,778		$	11,277,807

There were no material differences between the financial statement basis and tax basis of the Company's liabilities.