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EXCEL - IDEA: XBRL DOCUMENT - IMPERIAL PETROLEUM RECOVERY CORPFinancial_Report.xls
10-K - IMPERIAL PETROLEUM RECOVERY CORPORATION FORM 10-K FOR THE FISCAL YEAR ENDED OCTOBER 31, 2011 - IMPERIAL PETROLEUM RECOVERY CORPimperialpetroleum10k103111.htm
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EX-32.1 - IMPERIAL PETROLEUM RECOVERY CORPex32-1.htm
EX-10.6 - TECHNICAL SERVICES AGREEMENT - IMPERIAL PETROLEUM RECOVERY CORPex10-6.htm
EX-32.2 - IMPERIAL PETROLEUM RECOVERY CORPex32-2.htm
EX-31.1 - IMPERIAL PETROLEUM RECOVERY CORPex31-1.htm
EX-31.2 - IMPERIAL PETROLEUM RECOVERY CORPex31-2.htm
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PROPERTY AND EQUIPMENT
12 Months Ended
Oct. 31, 2011
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT
NOTE C - PROPERTY AND EQUIPMENT

Property and equipment at October 31 consist of the following:

   
2011
   
2010
 
Buildings and improvements
 
$
2,790
   
$
2,790
 
Machinery and equipment
   
558,366
     
558,366
 
Demonstration equipment
   
783,300
     
783,300
 
Transportation equipment
   
49,450
     
49,450
 
Furniture, fixtures and office equipment
   
79,703
     
79,703
 
Total property and equipment
   
1,473,609
     
1,473,609
 
Less - accumulated depreciation
   
(1,330,562)
     
(1,248,316)
 
Property and equipment, net
 
$
143,047
   
$
225,293
 

Depreciation expense was $82,246 and $82,265 for the years ended October 31, 2011 and 2010, respectively.

The holders of the Company's convertible notes have first lien on all assets except for second lien on Microwave Separation Technology Equipment.