Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 3,971,728 $ 2,972,914
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 631,062 512,714
Stock compensation 86,930 77,000
Realized gain on the sale of fixed assets (81,494)
(Increase) decrease in operating assets:    
Accounts receivable 740,734 (276,218)
Inventory (298,842) 870,773
Unbilled receivables (326,421) 262,068
Other current assets (241,044)
Prepaid expenses (92,296) (13,942)
Deferred tax asset 85,712 (5,524)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (119,748) (224,429)
Deferred revenues (148,661) (46,359)
Net Cash Provided by Operating Activities 4,207,660 4,128,997
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,649,060) (668,524)
Restricted cash 13,695 4,328
Proceeds from the sale of fixed assets 525,275
Net Cash Used in Investing Activities (2,110,090) (664,196)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments - loans and notes payable (384,202) (1,121,406)
Redemption of Series C preferred stock (1,100,000)
Net Cash Used in Financing Activities (1,484,202) (1,121,406)
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH 781,194 (1,879,556)
NET INCREASE IN CASH 1,394,562 463,839
CASH AT THE BEGINNING OF THE PERIOD 5,601,767 6,310,694
CASH AT THE END OF THE PERIOD 6,996,329 6,774,533
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 464,705 889,145
Non-cash transactions:    
Common stock issued for terminal conversion premium 3,558,136
Preferred stock issued for accrued interest 1,000,000
Repayment of secured debt directly with proceeds of note payable $ 8,000,000