Quarterly report pursuant to Section 13 or 15(d)

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details)

v3.22.4
SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Segment Reporting Information [Line Items]    
Net Revenues $ 5,596,284 $ 5,838,208
Cost of Revenues 1,843,279 1,678,274
Gross Profit 3,753,005 4,159,934
Research & Development 444,458 672,890
Selling, General & Administrative 1,962,451 2,111,112
Total Operating Expenses 2,406,909 2,784,002
INCOME FROM OPERATIONS 1,346,096 1,375,932
Other Income (Expense)    
Other Income 15,765 79,994
Total Other Income 15,765 68,716
INCOME BEFORE INCOME TAX EXPENSE 1,361,861 1,444,648
Income Tax (Expense) Benefit    
Current Tax (Expense) Benefit (11) (285,609)
Deferred Tax (Expense) Benefit 36,007 58,209
Total Income Tax Expense 35,996 (227,400)
NET INCOME 1,397,857 1,217,248
Supplemental Disclosures    
Total Assets 50,504,105  
Total Liabilities 3,933,636  
Interest Expense (11,278)
Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues 5,596,284 5,838,208
Cost of Revenues 1,843,279 1,678,274
Gross Profit 3,753,005 4,159,934
Research & Development 444,458 672,890
Selling, General & Administrative 1,962,451 2,111,112
Total Operating Expenses 2,406,909 2,784,002
INCOME FROM OPERATIONS 1,346,096 1,375,932
Other Income (Expense)    
Other Income 15,765 79,994
Total Other Income 15,765 68,716
INCOME BEFORE INCOME TAX EXPENSE 1,361,861 1,444,648
Income Tax (Expense) Benefit    
Current Tax (Expense) Benefit (11) (285,609)
Deferred Tax (Expense) Benefit 36,007 58,209
Total Income Tax Expense 35,996 (227,400)
NET INCOME 1,397,857 1,217,248
Supplemental Disclosures    
Total Assets 50,504,105 45,399,231
Total Liabilities 3,933,636 2,566,585
Revenues from Intercompany Sales - eliminated from sales above 1,555,381 1,105,218
Depreciation and Amortization 164,007 161,466
Purchases of Long-lived Assets 105,907 1,001,964
Interest Expense   (11,278)
Marine Technology Business (Products) [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues 3,824,159 3,823,748
Cost of Revenues 1,064,244 572,292
Gross Profit 2,759,915 3,251,456
Research & Development 438,308 529,375
Selling, General & Administrative 661,759 753,614
Total Operating Expenses 1,100,067 1,282,989
INCOME FROM OPERATIONS 1,659,848 1,968,467
Other Income (Expense)    
Other Income 15,020 9,049
Total Other Income 15,020 4,167
INCOME BEFORE INCOME TAX EXPENSE 1,674,868 1,972,634
Income Tax (Expense) Benefit    
Current Tax (Expense) Benefit (18,873) (266,520)
Deferred Tax (Expense) Benefit 6,708
Total Income Tax Expense (18,873) (259,812)
NET INCOME 1,655,995 1,712,822
Supplemental Disclosures    
Total Assets 36,176,835 30,847,114
Total Liabilities 2,694,766 1,635,666
Revenues from Intercompany Sales - eliminated from sales above 829,674 389,395
Depreciation and Amortization 128,838 135,658
Purchases of Long-lived Assets 79,642 986,093
Interest Expense   (4,882)
Marine Engineering Business (Services) [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues 1,772,125 2,014,460
Cost of Revenues 779,035 1,105,982
Gross Profit 993,090 908,478
Research & Development 6,150 143,515
Selling, General & Administrative 646,310 651,149
Total Operating Expenses 652,460 794,664
INCOME FROM OPERATIONS 340,630 113,814
Other Income (Expense)    
Other Income 745 70,945
Total Other Income 745 65,919
INCOME BEFORE INCOME TAX EXPENSE 341,375 179,733
Income Tax (Expense) Benefit    
Current Tax (Expense) Benefit (19,856) 24,036
Deferred Tax (Expense) Benefit 204
Total Income Tax Expense (19,856) 24,240
NET INCOME 321,519 203,973
Supplemental Disclosures    
Total Assets 13,377,560 13,893,382
Total Liabilities 758,160 501,339
Revenues from Intercompany Sales - eliminated from sales above 45,707 115,823
Depreciation and Amortization 24,910 16,657
Purchases of Long-lived Assets 4,780 1,000
Interest Expense   (5,026)
Overhead [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues
Cost of Revenues
Gross Profit
Research & Development
Selling, General & Administrative 654,382 706,349
Total Operating Expenses 654,382 706,349
INCOME FROM OPERATIONS (654,382) (706,349)
Other Income (Expense)    
Other Income
Total Other Income (1,370)
INCOME BEFORE INCOME TAX EXPENSE (654,382) (707,719)
Income Tax (Expense) Benefit    
Current Tax (Expense) Benefit 38,718 (43,125)
Deferred Tax (Expense) Benefit 36,007 51,297
Total Income Tax Expense 74,725 8,172
NET INCOME (579,657) (699,547)
Supplemental Disclosures    
Total Assets 949,710 658,735
Total Liabilities 480,710 429,580
Revenues from Intercompany Sales - eliminated from sales above 680,000 600,000
Depreciation and Amortization 10,259 9,151
Purchases of Long-lived Assets $ 21,485 14,871
Interest Expense   $ (1,370)