Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Jul. 31, 2017 |
Jul. 31, 2016 |
Jul. 31, 2017 |
Jul. 31, 2016 |
Oct. 31, 2016 |
|
Revenues from External Customers | $ 5,043,590 | $ 4,278,660 | $ 15,680,551 | $ 14,800,474 | |
Cost of Revenues | 1,982,761 | 1,432,673 | 5,979,746 | 6,210,673 | |
Gross Profit | 3,060,829 | 2,845,987 | 9,700,805 | 8,589,801 | |
Research & Development | 200,118 | 292,855 | 699,106 | 708,146 | |
Selling, General & Administrative | 1,717,264 | 1,284,916 | 4,741,968 | 4,448,009 | |
Total Operating Expenses | 1,917,382 | 1,577,771 | 5,441,074 | 5,156,155 | |
Operating Income (Loss) | 1,143,447 | 1,268,216 | 4,259,731 | 3,433,646 | |
Other Income | 89,931 | 50,115 | 204,914 | 155,777 | |
Interest Expense | (112,089) | (217,471) | (496,430) | (616,509) | |
Total other income (expense) | (22,158) | (167,356) | (291,516) | (460,732) | |
Income before income taxes | 1,121,289 | 1,100,860 | 3,968,215 | 2,972,914 | |
Income tax benefit (expense) | 3,513 | 3,513 | |||
Net Income | 1,124,802 | 1,100,860 | 3,971,728 | 2,972,914 | |
Total Assets | 25,922,764 | 21,652,872 | 25,922,764 | 21,652,872 | $ 22,835,520 |
Total Liabilities | 11,028,399 | 12,667,326 | 11,028,399 | 12,667,326 | $ 12,681,007 |
Revenues from Intercompany Sales - eliminated from sales above | 1,407,994 | 342,546 | 2,554,212 | 1,184,301 | |
Depreciation and Amortization | 234,701 | 205,928 | 631,062 | 512,714 | |
Purchases of Long-lived Assets | 298,494 | (81,449) | 2,649,060 | 668,524 | |
USA [Member] | |||||
Revenues from External Customers | 1,550,141 | 1,983,771 | 6,825,815 | 6,939,673 | |
Europe [Member] | |||||
Revenues from External Customers | 2,942,365 | 1,970,478 | 7,574,299 | 6,733,926 | |
Australia [Member] | |||||
Revenues from External Customers | 551,085 | 324,411 | 1,280,437 | 1,126,875 | |
Marine Technology Business [Member] | |||||
Revenues from External Customers | 3,439,587 | 2,427,570 | 9,189,731 | 7,816,669 | |
Cost of Revenues | 1,054,369 | 622,195 | 2,753,297 | 2,690,603 | |
Gross Profit | 2,385,218 | 1,805,375 | 6,436,434 | 5,126,066 | |
Research & Development | 200,118 | 292,855 | 699,106 | 708,146 | |
Selling, General & Administrative | 781,908 | 422,096 | 2,165,601 | 1,905,381 | |
Total Operating Expenses | 982,026 | 714,951 | 2,864,707 | 2,613,527 | |
Operating Income (Loss) | 1,403,192 | 1,090,424 | 3,571,727 | 2,512,539 | |
Other Income | 89,670 | 50,226 | 204,653 | 149,990 | |
Interest Expense | (5,947) | (330,306) | (538,088) | (615,383) | |
Total other income (expense) | 83,723 | (280,080) | (333,435) | (465,393) | |
Income before income taxes | 1,486,915 | 810,344 | 3,238,292 | 2,047,146 | |
Income tax benefit (expense) | 3,513 | 3,513 | |||
Net Income | 1,490,428 | 810,344 | 3,241,805 | 2,047,146 | |
Total Assets | 12,300,376 | 11,883,612 | 12,300,376 | 11,883,612 | |
Total Liabilities | 1,103,023 | 1,218,381 | 1,103,023 | 1,218,381 | |
Revenues from Intercompany Sales - eliminated from sales above | 1,002,339 | 286,892 | 1,680,852 | 643,294 | |
Depreciation and Amortization | 130,048 | 121,600 | 377,311 | 247,235 | |
Purchases of Long-lived Assets | 252,653 | (76,401) | 2,541,716 | 642,906 | |
Marine Engineering Business [Member] | |||||
Revenues from External Customers | 1,604,003 | 1,851,090 | 6,490,820 | 6,983,805 | |
Cost of Revenues | 928,392 | 810,478 | 3,226,449 | 3,520,070 | |
Gross Profit | 675,611 | 1,040,612 | 3,264,371 | 3,463,735 | |
Research & Development | |||||
Selling, General & Administrative | 637,465 | 578,297 | 1,979,436 | 2,180,426 | |
Total Operating Expenses | 637,465 | 578,297 | 1,979,436 | 2,180,426 | |
Operating Income (Loss) | 38,146 | 462,315 | 1,284,935 | 1,283,309 | |
Other Income | 261 | (111) | 261 | 5,787 | |
Interest Expense | (15,451) | (110,113) | (214,674) | (223,931) | |
Total other income (expense) | (15,190) | (110,224) | (214,413) | (218,144) | |
Income before income taxes | 22,956 | 352,091 | 1,070,522 | 1,065,165 | |
Income tax benefit (expense) | |||||
Net Income | 22,956 | 352,091 | 1,070,522 | 1,065,165 | |
Total Assets | 12,529,169 | 9,613,958 | 12,529,169 | 9,613,958 | |
Total Liabilities | 1,638,002 | 640,083 | 1,638,002 | 640,083 | |
Revenues from Intercompany Sales - eliminated from sales above | 36,030 | (63,221) | 265,985 | 178,132 | |
Depreciation and Amortization | 101,442 | 81,129 | 244,223 | 255,848 | |
Purchases of Long-lived Assets | 45,841 | (8,648) | 94,874 | 13,150 | |
Overhead [Member] | |||||
Revenues from External Customers | |||||
Cost of Revenues | |||||
Gross Profit | |||||
Research & Development | |||||
Selling, General & Administrative | 297,891 | 284,523 | 596,931 | 362,202 | |
Total Operating Expenses | 297,891 | 284,523 | 596,931 | 362,202 | |
Operating Income (Loss) | (297,891) | (284,523) | (596,931) | (362,202) | |
Other Income | |||||
Interest Expense | (90,691) | 222,948 | 256,332 | 222,805 | |
Total other income (expense) | (90,691) | 222,948 | 256,332 | 222,805 | |
Income before income taxes | (388,582) | (61,575) | (340,599) | (139,397) | |
Income tax benefit (expense) | |||||
Net Income | (388,582) | (61,575) | (340,599) | (139,397) | |
Total Assets | 1,093,219 | 155,302 | 1,093,219 | 155,302 | |
Total Liabilities | 8,287,374 | 10,808,862 | 8,287,374 | 10,808,862 | |
Revenues from Intercompany Sales - eliminated from sales above | 369,625 | 118,875 | 607,375 | 362,875 | |
Depreciation and Amortization | 3,211 | 3,199 | 9,528 | 9,631 | |
Purchases of Long-lived Assets | $ 3,600 | $ 12,470 | $ 12,468 |