3. Property, Plant and Equipment

12 Months Ended

Oct. 31, 2017

Notes

3. Property, Plant and Equipment

3. Property and Equipment

Property and equipment consist of the following as of October 31, 2017 and 2016:

	Estimated useful lives	2017	2016
Leasehold improvements	3-5 years	$      216,000	$        216,000
Equipment	5-10 years	5,960,000	5,727,000
Furniture and fixtures	5-10 years	585,000	563,000
		6,761,000	6,506,000
Less accumulated depreciation		5,909,000	5,319,000
Total		$      852,000	$     1,187,000

The Company recorded depreciation expense on the assets included in property and equipment of $590,000 and $496,000 for the year ended October 31, 2017 and 2016, respectively.