Note 7 - Discontinued Operations

12 Months Ended

Oct. 31, 2013

Policy Text Block [Abstract]

Discontinued Operations, Policy [Policy Text Block]

Note 7 - Discontinued Operations

During the period ending October 31, 2012, the Company discontinued operation of three additional stores.  During the period ending October 31, 2012, the Company opened 4 new stores and closed an additional three.  The closures resulted in a discontinued loss of $48,314.  The Company currently has three stores open and operating.

SEEN ON SCREEN TV, INC.
Discontinued Operations
October 31, 2012
	Year ended
	October 31,			Stores
	2012			Closed			Net
Sales	$	399,325		$	167,653		$	231,672
Cost of Sales		165,168			67,061			98,107
Gross Profit		234,157			100,592			133,565
General and administrative expenses:
Wages and salaries		535,036			30,501			504,535
Taxes		22,516			1,189			21,327
Advertising and marketing		11,431						11,431
Legal and professional		17,551						17,551
Computer and internet		-						-
Travel and entertainment		7,494						7,494
Product development costs		-						-
Bank charges		-						-
Rent		233,941			86,077			147,864
Depreciation and amortization		-						-
Other office and miscellaneous		59,239			31,139			28,100
Total operating expenses		887,208			148,906			738,302
(Loss) from operations		(653,051	)		(48,314	)		(604,737	)
Other income (expense):
Interest income
Interest (expense)		(32,300	)					(32,300	)
Income/(Loss) before taxes		(685,351	)		(48,314	)		(637,037	)
Provision/(credit) for taxes on income		-			-			-
Net loss before discontinued operations		(685,351	)		48,314			(637,037	)
Net loss on discontinued operations, net of tax		-			(48,314	)		(48,314	)
Net Income/(loss)	$	(685,351	)	$	-		$	(685,351	)