Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Oct. 31, 2010
Oct. 31, 2009
Current assets:    
Cash and cash equivalents $ 215,204 $ 275,885
Restricted cash 827,266 994,081
Short-term investments 14,875 51,000
Accounts receivable, net of allowance for doubtful accounts 1,863,842 2,033,879
Inventory 1,780,114 2,798,425
Unbilled receivables 587,015 690,344
Other current assets 180,597 285,691
Prepaid expenses 218,059 247,134
Total current assets 5,686,972 7,376,439
Property and equipment, net 114,469 267,964
Deferred financing costs, net of accumulated amortization of $1,271,170 in 2010 and $242,128 in 2009 1,271,170
Goodwill and other intangible assets, net 3,921,847 4,221,807
Total assets 9,723,288 13,137,380
Current liabilities:    
Accounts payable, trade 2,036,340 2,390,039
Accrued expenses and other current liabilities 4,057,951 4,626,164
Deferred revenues and warranty provisions 1,214,183 398,482
Deferred payment related to acquisitions 394,213 404,274
Warrant liability 473,384
Short term loan payable 14,423,516
Total current liabilities 22,599,587 7,818,959
Loans and notes payable, long term 160,350 13,233,523
Total liabilities 22,759,937 21,052,482
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, Series A Preferred Stock; 50,000 shares designated; 6,287 and 6,287 shares issued and outstanding, as of October 31, 2010 and 2009 respectively 6 6
Common stock, $0.001 par value; 150,000,000 Authorized; 60,614,958 and 49,000,244 shares issued and outstanding, respectively as of October 31, 2010 and 2009 respectively 60,615 49,000
Common Stock subscribed 96,350
Additional paid-in capital 47,167,905 51,766,495
Accumulated other comprehensive loss (979,342) (696,617)
Accumulated deficit (59,285,833) (59,130,336)
Total stockholders' deficit (13,036,649) (7,915,102)
Total liabilities and stockholders' deficit $ 9,723,288 $ 13,137,380