XML 45 R28.htm IDEA: XBRL DOCUMENT v3.3.1.900
Industry Segment Information (Tables)
 12 Months Ended
Oct. 31, 2015
Industry Segment Information [Abstract]  
Schedule of segment reporting information, by segment
The table below presents information about reported segments for the years ended October 31:
 
2015
 
Printing
 
Office Products & Furniture
 
Total
 
Revenues from continuing operations
 
$
38,576,045
 
$
27,594,920
 
$
66,170,965
 
Elimination of intersegment revenue
 
(2,122,382
)
(2,763,382
)
(4,885,764
)
Consolidated revenue from continuing operations
 
$
36,453,663
 
$
24,831,538
 
$
61,285,201
 
Operating income (loss) from continuing operations
 
101,249
 
(312,533
)
(211,284
)
Depreciation & amortization
 
1,563,294
 
91,547
 
1,654,841
 
Capital expenditure
 
1,602,562
 
100,445
 
1,703,007
 
Identifiable assets
 
16,107,165
 
6,562,529
 
22,669,694
 
Goodwill
 
-
 
1,230,485
 
1,230,485
 
        
2014
 
Printing
 
Office Products & Furniture
 
Total
 
Revenues from continuing operations
 
$
39,546,537
 
$
29,375,140
 
$
68,921,677
 
Elimination of intersegment revenue
  
(2,169,053
)
 
(3,230,284
)
 
(5,399,337
)
Consolidated revenues from continuing operations
 
$
37,377,484
 
$
26,144,856
 
$
63,522,340
 
Operating income (loss) from continuing operations
  
(360,182
)
 
105,932
  
(254,250
)
Depreciation & amortization
  
1,832,458
  
98,049
  
1,930,507
 
Capital expenditures
  
738,893
  
22,474
  
761,367
 
Identifiable assets
  
16,526,888
  
7,224,673
  
23,751,561
 
Goodwill
  
-
  
1,230,485
  
1,230,485
 
           
2013
 
Printing
 
Office Products & Furniture
 
Total
 
Revenues from continuing operations
 
$
45,460,503
 
$
34,333,182
 
$
79,793,685
 
Elimination of intersegment revenue
  
(2,791,035
)
 
(4,679,475
)
 
(7,470,510
)
Consolidated revenues from continuing operations
 
$
42,669,468
 
$
29,653,707
 
$
72,323,175
 
Operating income (loss) from continuing operations
  
(2,228,855
)
 
954,451
  
(1,274,404
) 
Depreciation & amortization
  
2,049,191
  
119,823
  
2,169,014
 
Capital expenditures
  
541,855
  
2,788
  
544,643
 
Identifiable assets
  
18,850,573
  
8,186,745
  
27,037,318
 
Goodwill
  
-
  
1,230,485
  
1,230,485
 
           
Reconciliation of total segment revenue, assets and operating (loss) income
A reconciliation of total segment revenue, assets and operating income (loss) to consolidated (loss) income before income taxes for the years ended October 31, 2015, 2014 and 2013 is as follows:
 
  2015 
2014
  
2013
  
Revenues:
         
Total segment revenues
$66,170,965 $68,921,677  $
79,793,685
  
Elimination of intersegment revenue
 (4,885,764) (5,399,337)  (7,470,510) 
Consolidated revenue from continuing operations
$61,285,201 $63,522,340  $
72,323,175
  
            
Operating income (loss) from continuing operations:
           
Total segment operating loss from continuing operations
$(211,284)$(254,250) $
(1,274,404
)  
    Interest expense - related party (82,378) (82,378)  (82,378) 
Interest expense
 (775,299) (1,056,019)  (4,202,774) 
   Gain from debt forgiveness -  -   11,118,069  
Other (loss) income
 (30,681) 261,013   
(32,207
) 
Consolidated income (loss) before income taxes from continuing operations
$(1,099,642)$(1,131,634) $
5,526,306
  
            
Identifiable assets:
           
Total segment identifiable assets
$22,669,694 $23,751,561  $
27,037,318
  
Elimination of intersegment assets and assets held for sale
 256,832  256,832   
493,304
  
Total consolidated assets
$22,926,526 $24,008,393  $
27,530,622