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3. Notes Payable - Related Party	3 Months Ended
Jan. 31, 2016
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 “Second Replacement Note”) as of January 31, 2016. The Second Replacement Note bears a maturity date of November 1, 2017, 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 Second Replacement Note through January 31, 2016. In February of 2016 the Company paid $600,000 of principal of the Second Replacement Note to G.S. Beckwith Gilbert. The Company believes that its liquidity is adequate to meet operating and investment requirements through March 3, 2017.

3. Notes Payable - Related Party

3 Months Ended

Jan. 31, 2016

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 “Second Replacement Note”) as of January 31, 2016. The Second Replacement Note bears a maturity date of November 1, 2017, 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 Second Replacement Note through January 31, 2016. In February of 2016 the Company paid $600,000 of principal of the Second Replacement Note to G.S. Beckwith Gilbert.

The Company believes that its liquidity is adequate to meet operating and investment requirements through March 3, 2017.

- 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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