Acquired Intangible Assets and Goodwill (Tables)

6 Months Ended

Apr. 30, 2015

Acquired Intangible Assets and Goodwill [Abstract]

Acquired intangible assets and goodwill

	April 30, 2015				October 31, 2014
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Amortizable intangible assets:
Non-compete agreement	$	1,000,000	$	1,000,000	$	1,000,000	$	1,000,000
Customer relationships		2,451,073		1,332,179		2,451,073		1,271,130
Other		564,946		564,946		564,946		564,946
		4,016,019		2,897,125		4,016,019		2,836,076
Unamortizable intangible assets:
Goodwill		1,737,763		507,278		1,737,763		507,278
		1,737,763		507,278		1,737,763		507,278
Total goodwill and other intangibles	$	5,753,782	$	3,404,403	$	5,753,782	$	3,343,354

Estimated amortization expense

2015	$	61,049
2016		122,098
2017		122,098
2018		122,098
2019		122,098
Thereafter		569,453
	$	1,118,894

Changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill and other amortizing intangibles for the six months ended April 30, 2015 were:

Goodwill:

	Printing			Office Products and Furniture		Total
Balance at October 31, 2014
Goodwill	$	2,226,837		$	1,230,485	$	3,457,322
Accumulated impairment losses		(2,226,837	)		-		(2,226,837	)
		-			1,230,485		1,230,485
Goodwill acquired six months ended April 30, 2015		-			-		-
Impairment losses six months ended April 30, 2015		-			-		-
Balance at April 30, 2015
Goodwill		2,226,837			1,230,485		3,457,322
Accumulated impairment losses		(2,226,837	)		-		(2,226,837	)
	$	-		$	1,230,485	$	1,230,485

Amortizing intangible assets (net of amortization expense)

The changes in the carrying amount of goodwill and other amortizing intangibles for the six months ended April 30, 2015 were:

Amortizing Intangible Assets (net of amortization expense):

	Printing		Office Products and Furniture		Total
Balance at October 31, 2014
Amortizing intangible assets	$	395,206	$	784,737	$	1,179,943
Accumulated impairment losses		-		-		-
		395,206		784,737		1,179,943
Amortizing intangible assets acquired six months ended April 30, 2015		-		-		-
Impairment losses six months ended April 30, 2015		-		-		-
Amortization expense		20,451		40,598		61,049
Balance at April 30, 2015
Amortizing intangible assets		374,755		744,139		1,118,894
Accumulated impairment losses		-		-		-
	$	374,755	$	744,139	$	1,118,894