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, 2023
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,406,334 $ 1,828,551
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 342,770 443,941
Stock-based compensation 378,414 690,743
Deferred income taxes 120,868 (63,824)
(Increase) decrease in operating assets:    
Accounts receivable (905,242) 2,028,159
Inventory (483,269) (588,779)
Unbilled receivables (484,570) 711,678
Prepaid expenses (474,438) 801,354
Other current assets (75,554) 28,144
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (1,127,450) (278,061)
Deferred revenue 41,104 (894,245)
Net Cash (used in) provided by Operating Activities (261,033) 4,707,661
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (166,623) (1,083,111)
Purchases of other intangible assets (57,731) (58,365)
Net Cash Used in Investing Activities (224,354) (1,141,476)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of notes (63,559)
Purchase of treasury stock (2,838)
Net Cash Used in Financing Activities (2,838) (63,559)
EFFECT OF CURRENCY TRANSLATION ON CHANGES IN CASH 1,015,972 (592,163)
NET INCREASE IN CASH AND CASH EQUIVALENTS 527,747 2,910,463
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 22,927,371 17,747,656
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 23,455,118 20,658,119
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 2,902
Cash paid for taxes $ 1,270,100 $ 51,264