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3. Notes Payable - Related Party	9 Months Ended
Jul. 31, 2015
Notes
3. Notes Payable - Related Party	3. Notes Payable – Related Party The Company has a note payable to G.S. Beckwith Gilbert, the Company’s significant shareholder and Chairman, of $3,500,000 (the “Gilbert Note”) as of July 31, 2015. The Gilbert Note bears a maturity date of November 1, 2016, with an annual interest rate of 6%. Interest payments are due by October 31 of each fiscal year. The Company has paid all interest incurred on the Gilbert Note through July 31, 2015. During the first nine months of fiscal year 2015, the Company made $365,000 in principal payments, bringing the principal amount of the note payable to $3,500,000 as of July 31, 2015, as compared to $3,865,000 as of October 31, 2014. The Company believes that its liquidity is adequate to meet operating and investment requirements through July 31, 2016.

3. Notes Payable - Related Party

9 Months Ended

Jul. 31, 2015

3. Notes Payable – Related Party

The Company has a note payable to G.S. Beckwith Gilbert, the Company’s significant shareholder and Chairman, of $3,500,000 (the “Gilbert Note”) as of July 31, 2015. The Gilbert Note bears a maturity date of November 1, 2016, with an annual interest rate of 6%. Interest payments are due by October 31 of each fiscal year. The Company has paid all interest incurred on the Gilbert Note through July 31, 2015. During the first nine months of fiscal year 2015, the Company made $365,000 in principal payments, bringing the principal amount of the note payable to $3,500,000 as of July 31, 2015, as compared to $3,865,000 as of October 31, 2014.

The Company believes that its liquidity is adequate to meet operating and investment requirements through July 31, 2016.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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