PROPERTY AND EQUIPMENT

12 Months Ended

Oct. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

(6)           PROPERTY AND EQUIPMENT

Property and equipment is stated at cost. The Company records depreciation and amortization, when appropriate, using the straight-line method over the estimated useful lives of the assets. Expenditures for maintenance and repairs are charged to expense as incurred.

At October 31, 2013, the net book value of property and equipment was $423.  At October 31, 2014 the Company no longer holds any property and equipment in Laos. The depreciation expense for fiscal 2014 amounted to $423 and for fiscal 2013 amounted to $28,418.