Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Oct. 31, 2023
Oct. 31, 2022
CURRENT ASSETS    
Cash and Cash Equivalents $ 24,448,841 $ 22,927,371
Accounts Receivable 2,643,461 2,870,600
Inventory 11,685,525 10,027,111
Unbilled Receivables 894,251 602,115
Prepaid Expenses 181,383 240,464
Other Current Assets 1,034,626 343,061
Total Current Assets 40,888,087 37,010,722
FIXED ASSETS    
Property and Equipment, net 6,873,320 5,832,532
OTHER ASSETS    
Goodwill 3,382,108 3,382,108
Intangible Assets, net 486,615 442,286
Deferred Tax Asset 211,386 259,810
Total Other Assets 4,080,109 4,084,204
Total Assets 51,841,516 46,927,458
CURRENT LIABILITIES    
Accounts Payable 1,308,201 793,247
Accrued Expenses and Other Current Liabilities 995,630 1,731,706
Deferred Revenue 975,537 943,569
Total Current Liabilities 3,279,368 3,468,522
LONG TERM LIABILITIES    
Deferred Revenue, less current portion 133,382 76,127
Total Liabilities 3,412,750 3,544,649
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,117,695 issued and outstanding as of October 31, 2023 and 10,916,853 shares issued and outstanding as of October 31, 2022 11,118 10,918
Preferred Stock, $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of October 31, 2023 and 2022
Treasury Stock (46,300) (28,337)
Additional Paid-in Capital 62,958,984 62,313,988
Accumulated Other Comprehensive Loss (3,442,549) (4,737,124)
Accumulated Deficit (11,052,487) (14,176,636)
Total Stockholders’ Equity 48,428,766 43,382,809
Total Liabilities and Stockholders’ Equity $ 51,841,516 $ 46,927,458