2. Basis of Presentation and Significant Accounting Policies: Net Income Per Share Information (Policies)

3 Months Ended

Jan. 31, 2013

Net Income per Share Information

Basic net income per share is computed based on the weighted average number of shares outstanding. Diluted net income per share is based on the sum of the weighted average number of common shares outstanding and common stock equivalents. Shares used to calculate net income per share are as follows:

	For the three months ended January 31,
	2013	2012

Basic weighted average shares outstanding	7,193,140	7,175,140
Effect of dilutive stock options	787,989	837,308
Diluted weighted average shares outstanding	7,981,129	8,012,448

Weighted average shares which are not included in the calculation of diluted net income per share because their impact is anti-dilutive

Stock options	582,511	573,192

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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