5. Accrued Expenses and Other Current Liabilities

12 Months Ended

Oct. 31, 2016

Notes

5. Accrued Expenses and Other Current Liabilities

5. Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following as of October 31, 2016 and 2015:

	2016	2015
Payroll, payroll taxes, and benefits	$   513,000	$   628,000
Professional fees	148,000	152,000
Travel expenses	142,000	94,000
Other liabilities	133,000	104,000
Total	$   936,000	$   978,000

Effective for the Company’s fiscal year 2017, the Company converted its vacation policy to no longer allow for unused vacation days to be carried forward to future periods or paid if an employee separates from the Company. As a result of the change to the Company’s vacation policy, the Company no longer has an accrued vacation obligation and reversed the related accrual of $414,000 of which $176,000, $43,000, and $195,000 was recorded in cost of sales, research and development, and general and administrative expenses, respectively, in the accompanying consolidated income statement.