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 ($)
6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,846,926 $ 1,872,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 396,361 306,786
Stock compensation 10,500
Realized gain on the sale of fixed assets (21,076)
(Increase) decrease in operating assets:    
Accounts receivable 611,806 (21,676)
Inventory (43,731) 516,521
Prepaid expenses (141,746) (84,511)
Unbilled receivables (782,358) 98,943
Other current assets (284,167) 25,159
Deferred tax asset 85,904 (2,357)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (40,190) 166,420
Deferred revenues (136,671) (24,140)
Net Cash Provided by Operating Activities 2,501,558 2,853,199
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,350,566) (747,616)
Restricted cash 13,695 (151)
Proceeds from the sale of fixed assets 327,000
Net Cash (Used in) by Investing Activities (2,009,871) (747,767)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds (Payments) - loans and notes payable (25,927) (252,581)
Redemption of Series C preferred stock (1,100,000)
Net Cash Used in Financing Activities (1,125,927) (252,581)
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH 767,887 (772,201)
NET INCREASE IN CASH 133,647 1,080,650
CASH AT THE BEGINNING OF THE PERIOD 5,601,767 6,310,694
CASH AT THE END OF THE PERIOD 5,735,414 7,391,344
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 397,091 425,000
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 Debentures directly with proceeds of new HSBC Note payable $ 8,000,000