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Property, Plant, and Equipment

12 Months Ended

Oct. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

2. Property, Plant and Equipment

Property, plant and equipment consist of the following as of October 31, 2011 and 2010:

	Estimated useful lives	2011	2010

Leasehold improvements	3-5 years	$201,000	$180,000
Equipment	5-10 years	3,311,000	3,073,000
Furniture and fixtures	5-10 years	531,000	503,000
		4,043,000	3,756,000
Less accumulated depreciation and amortization		3,672,000	3,597,000
Total		$371,000	$159,000

The Company recorded depreciation and amortization expense on the assets included in property, plant and equipment of $75,000 and $237,000 for fiscal years 2011 and 2010, respectively. Included in equipment are $155,000 of assets in development as of October 31, 2011, and no depreciation was recorded relating to these assets.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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