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EX-31.2 - EXHIBIT 31.2 - INNOVATIVE DESIGNS INCv331668_ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - INNOVATIVE DESIGNS INCv331668_ex31-1.htm
EX-10.9 - EXHIBIT 10.9 - INNOVATIVE DESIGNS INCv331668_ex10-9.htm
EX-32.2 - EXHIBIT 32.2 - INNOVATIVE DESIGNS INCv331668_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - INNOVATIVE DESIGNS INCv331668_ex32-1.htm
EX-10.15 - EXHIBIT 10.15 - INNOVATIVE DESIGNS INCv331668_ex10-15.htm
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v2.4.0.6
PROPERTY AND EQUIPMENT
12 Months Ended
Oct. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
2.PROPERTY AND EQUIPMENT

 

Property and equipment are summarized by major classifications as follows:

 

  2012  2011 
       
Equipment $28,987  $17,002 
Furniture and fixtures  11,092   11,092 
Leasehold improvements  4,806   4,806 
Automobile  7,841   - 
   52,726   32,900 
         
Less accumulated depreciation  32,278   31,629 
         
Property and equipment - net $20,448  $1,271 

 

Depreciation expense for the years ended October 31, 2012 and 2011 was $649 and $534, respectively.

 

During the fiscal year ended October 31, 2011, the Company received $5,000 relating to the sale of fully depreciated fixed assets, which was presented as a gain on sale within the 2011 statement of operations.