Schedule of Segment Reporting Information |
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,439,587 |
|
|
$ |
1,604,003 |
|
|
$ |
- |
|
|
$ |
5,043,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,054,369 |
|
|
|
928,392 |
|
|
|
- |
|
|
|
1,982,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,385,218 |
|
|
|
675,611 |
|
|
|
- |
|
|
|
3,060,829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
200,118 |
|
|
|
- |
|
|
|
- |
|
|
|
200,118 |
|
Selling, General & Administrative |
|
|
781,908 |
|
|
|
637,465 |
|
|
|
297,891 |
|
|
|
1,717,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
982,026 |
|
|
|
637,465 |
|
|
|
297,891 |
|
|
|
1,917,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income (Loss) |
|
|
1,403,192 |
|
|
|
38,146 |
|
|
|
(297,891 |
) |
|
|
1,143,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
89,670 |
|
|
|
261 |
|
|
|
- |
|
|
|
89,931 |
|
Interest Expense |
|
|
(5,947 |
) |
|
|
(15,451 |
) |
|
|
(90,691 |
) |
|
|
(112,089 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income (expense) |
|
|
83,723 |
|
|
|
(15,190 |
) |
|
|
(90,691 |
) |
|
|
(22,158) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
|
1,486,915 |
|
|
|
22,956 |
|
|
|
(388,582 |
) |
|
|
1,121,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit (expense) |
|
|
3,513 |
|
|
|
- |
|
|
|
- |
|
|
|
3,513 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
|
$ |
1,490,428 |
|
|
$ |
22,956 |
|
|
$ |
(388,582 |
) |
|
$ |
1,124,802 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
12,300,376 |
|
|
$ |
12,529,169 |
|
|
$ |
1,093,219 |
|
|
$ |
25,922,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
|
1,103,023 |
|
|
|
1,638,002 |
|
|
|
8,287,374 |
|
|
|
11,028,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
|
1,002,339 |
|
|
|
36,030 |
|
|
|
369,625 |
|
|
|
1,407,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
130,048 |
|
|
|
101,442 |
|
|
|
3,211 |
|
|
|
234,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
|
252,653 |
|
|
|
45,841 |
|
|
|
- |
|
|
|
298,494 |
|
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
2,427,570 |
|
|
$ |
1,851,090 |
|
|
$ |
- |
|
|
$ |
4,278,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
622,195 |
|
|
|
810,478 |
|
|
|
- |
|
|
|
1,432,673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
1,805,375 |
|
|
|
1,040,612 |
|
|
|
- |
|
|
|
2,845,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
292,855 |
|
|
|
- |
|
|
|
- |
|
|
|
292,855 |
|
Selling, General & Administrative |
|
|
422,096 |
|
|
|
578,297 |
|
|
|
284,523 |
|
|
|
1,284,916 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
714,951 |
|
|
|
578,297 |
|
|
|
284,523 |
|
|
|
1,577,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income (Loss) |
|
|
1,090,424 |
|
|
|
462,315 |
|
|
|
(284,523 |
) |
|
|
1,268,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
50,226 |
|
|
|
(111 |
) |
|
|
- |
|
|
|
50,115 |
|
Interest Expense |
|
|
(330,306 |
) |
|
|
(110,113 |
) |
|
|
222,948 |
|
|
|
(217,471 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income (expense) |
|
|
(280,080 |
) |
|
|
(110,224 |
) |
|
|
222,948 |
|
|
|
(167,356 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before income taxes |
|
|
810,344 |
|
|
|
352,091 |
|
|
|
(61,575 |
) |
|
|
1,100,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit (expense) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
810,344 |
|
|
$ |
352,091 |
|
|
$ |
(61,575 |
) |
|
$ |
1,100,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
11,883,612 |
|
|
$ |
9,613,958 |
|
|
$ |
155,302 |
|
|
$ |
21,652,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
|
1,218,381 |
|
|
|
640,083 |
|
|
|
10,808,862 |
|
|
|
12,667,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
|
286,892 |
|
|
|
(63,221 |
) |
|
|
118,875 |
|
|
|
342,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
121,600 |
|
|
|
81,129 |
|
|
|
3,199 |
|
|
|
205,928 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
|
(76,401 |
) |
|
|
(8,648 |
) |
|
|
3,600 |
|
|
|
(81,449 |
) |
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
9,189,731 |
|
|
$ |
6,490,820 |
|
|
$ |
- |
|
|
$ |
15,680,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
2,753,297 |
|
|
|
3,226,449 |
|
|
|
- |
|
|
|
5,979,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
6,436,434 |
|
|
|
3,264,371 |
|
|
|
- |
|
|
|
9,700,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
699,106 |
|
|
|
- |
|
|
|
- |
|
|
|
699,106 |
|
Selling, General & Administrative |
|
|
2,165,601 |
|
|
|
1,979,436 |
|
|
|
596,931 |
|
|
|
4,741,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
2,864,707 |
|
|
|
1,979,436 |
|
|
|
596,931 |
|
|
|
5,441,074 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income (Loss) |
|
|
3,571,727 |
|
|
|
1,284,935 |
|
|
|
(596,931 |
) |
|
|
4,259,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
204,653 |
|
|
|
261 |
|
|
|
- |
|
|
|
204,914 |
|
Interest (Expense) Income |
|
|
(538,088 |
) |
|
|
(214,674 |
) |
|
|
256,332 |
|
|
|
(496,430 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income (expense) |
|
|
(333,435 |
) |
|
|
(214,413 |
) |
|
|
256,332 |
|
|
|
(291,516 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before income taxes |
|
|
3,238,292 |
|
|
|
1,070,522 |
|
|
|
(340,599 |
) |
|
|
3,968,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit (expense) |
|
|
3,513 |
|
|
|
- |
|
|
|
- |
|
|
|
3,513 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
|
$ |
3,241,805 |
|
|
$ |
1,070,522 |
|
|
$ |
(340,599 |
) |
|
$ |
3,971,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
|
1,680,852 |
|
|
|
265,985 |
|
|
|
607,375 |
|
|
|
2,554,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
377,311 |
|
|
|
244,223 |
|
|
|
9,528 |
|
|
|
631,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
|
2,541,716 |
|
|
|
94,874 |
|
|
|
12,470 |
|
|
|
2,649,060 |
|
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
7,816,669 |
|
|
$ |
6,983,805 |
|
|
$ |
- |
|
|
$ |
14,800,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
2,690,603 |
|
|
|
3,520,070 |
|
|
|
- |
|
|
|
6,210,673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
5,126,066 |
|
|
|
3,463,735 |
|
|
|
- |
|
|
|
8,589,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
708,146 |
|
|
|
- |
|
|
|
- |
|
|
|
708,146 |
|
Selling, General & Administrative |
|
|
1,905,381 |
|
|
|
2,180,426 |
|
|
|
362,202 |
|
|
|
4,448,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
2,613,527 |
|
|
|
2,180,426 |
|
|
|
362,202 |
|
|
|
5,156,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Income (Loss) |
|
|
2,512,539 |
|
|
|
1,283,309 |
|
|
|
(362,202 |
) |
|
|
3,433,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
149,990 |
|
|
|
5,787 |
|
|
|
- |
|
|
|
155,777 |
|
Interest Expense |
|
|
(615,383 |
) |
|
|
(223,931 |
) |
|
|
222,805 |
|
|
|
(616,509 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other income (expense) |
|
|
(465,393 |
) |
|
|
(218,144 |
) |
|
|
222,805 |
|
|
|
(460,732 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) before income taxes |
|
|
2,047,146 |
|
|
|
1,065,165 |
|
|
|
(139,397 |
) |
|
|
2,972,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit (expense) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
2,047,146 |
|
|
$ |
1,065,165 |
|
|
$ |
(139,397 |
) |
|
$ |
2,972,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
|
643,294 |
|
|
|
178,132 |
|
|
|
362,875 |
|
|
|
1,184,301 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
247,235 |
|
|
|
255,848 |
|
|
|
9,631 |
|
|
|
512,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
|
642,906 |
|
|
|
13,150 |
|
|
|
12,468 |
|
|
|
668,524 |
|
|
|
USA |
|
|
Europe |
|
|
Australia |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External Revenues by Geographic Locations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2017 |
|
$ |
1,550,141 |
|
|
$ |
2,942,365 |
|
|
$ |
551,085 |
|
|
$ |
5,043,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2016 |
|
$ |
1,983,771 |
|
|
$ |
1,970,478 |
|
|
$ |
324,411 |
|
|
$ |
4,278,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2017 |
|
$ |
6,825,815 |
|
|
$ |
7,574,299 |
|
|
$ |
1,280,437 |
|
|
$ |
15,680,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2016 |
|
$ |
6,939,673 |
|
|
$ |
6,733,926 |
|
|
$ |
1,126,875 |
|
|
$ |
14,800,474 |
|
|