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Leases

12 Months Ended

Oct. 31, 2011

Operating Leases of Lessee Disclosure [Table Text Block]

8. Leases

The Company’s headquarters, located in Stamford, Connecticut, are subject to a lease for the five year period ending January 21, 2015, at an average annual rental rate of $209,000. The Company’s software development and manufacturing facility, located in Bohemia, New York, is subject to a lease through October 31, 2012, at an annual rental rate of $113,000. These leases provide for additional payments of real estate taxes and other operating expenses over the base amount in the rental agreement. Other short-term operating leases are included below. All other operating leases are under a month-to-month arrangement.

	Contractual obligations
Fiscal Year Ended October 31:	under operating leases

2012		$ 359,000
2013		213,000
2014		218,000
2015		51,000
2016		-
Total minimum contractual obligations		$ 841,000

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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