Annual report pursuant to Section 13 and 15(d)

Fixed Assets

v3.5.0.2
Fixed Assets
12 Months Ended
Oct. 31, 2010
Property, Plant and Equipment [Abstract]  
Fixed Assets

NOTE 6 - FIXED ASSETS

 

Property and equipment at October 31, 2010 and 2009 is summarized as follows:

 

    2010     2009  
Machinery and equipment   $ 674,751     $ 1,001,384  
Accumulated depreciation     (560,282 )     (733,420 )
                 
Net property and equipment assets   $ 114,469     $ 267,964  

 

Depreciation expense recorded in the statements of operations for the years ended October 31, 2010 and 2009 is $95,854 and $238,632, respectively.

 

During, the current year, the Company sold assets for $46,271, which has been netted against the purchase of new assets in the table above.