XML 19 R33.htm IDEA: XBRL DOCUMENT

1. Description of Business and Significant Accounting Policies: Stock-based Compensation (Policies)	12 Months Ended
Oct. 31, 2012
Policies
Stock-based Compensation	Stock-Based Compensation The Company follows FASB ASC 718 “Compensation-Stock Compensation”, which requires measurement of compensation cost for all stock-based awards at fair value on date of grant, and recognition of stock-based compensation expense over the service period for awards expected to vest. The fair value of stock options was determined using the Black-Scholes valuation model. Such fair value is recognized as an expense over the service period, net of forfeitures. Stock-based compensation expense was $251,000 and $259,000 in fiscal years 2012 and 2011, respectively, and was primarily included in selling, general, and administrative expenses. The Company’s stock options vest over a period of three and five years. The fair value for these stock options was estimated at the date of grant using a Black-Scholes stock option pricing model, with the following weighted average assumptions for fiscal years 2012 and 2011; risk-free interest rates of 3.51% to 3.54%, volatility factor of the expected market price of the Company’s common stock of 109% to 117%, no dividend yield, and a weighted average expected life of the stock options of 6.5 years.

1. Description of Business and Significant Accounting Policies: Stock-based Compensation (Policies)

12 Months Ended

Oct. 31, 2012

Stock-Based Compensation

The Company follows FASB ASC 718 “Compensation-Stock Compensation”, which requires measurement of compensation cost for all stock-based awards at fair value on date of grant, and recognition of stock-based compensation expense over the service period for awards expected to vest. The fair value of stock options was determined using the Black-Scholes valuation model. Such fair value is recognized as an expense over the service period, net of forfeitures. Stock-based compensation expense was $251,000 and $259,000 in fiscal years 2012 and 2011, respectively, and was primarily included in selling, general, and administrative expenses.

The Company’s stock options vest over a period of three and five years. The fair value for these stock options was estimated at the date of grant using a Black-Scholes stock option pricing model, with the following weighted average assumptions for fiscal years 2012 and 2011; risk-free interest rates of 3.51% to 3.54%, volatility factor of the expected market price of the Company’s common stock of 109% to 117%, no dividend yield, and a weighted average expected life of the stock options of 6.5 years.

- Definition

Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.

+ References+ Details