Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.8.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Income Statement [Abstract]    
Net Revenues $ 18,025,173 $ 21,118,319
Cost of Revenues 6,057,448 8,465,322
Gross Profit 11,967,725 12,652,997
OPERATING EXPENSES    
Research & Development 1,380,381 1,013,125
Selling, General & Administrative 6,769,327 6,101,227
Total Operating Expenses 8,149,708 7,114,352
INCOME FROM OPERATIONS 3,818,017 5,538,645
OTHER INCOME (EXPENSE)    
Other Income 121,278 172,090
Interest Expense (597,011) (856,432)
Total Other Income (Expense) (475,733) (684,342)
NET INCOME BEFORE INCOME TAXES 3,342,284 4,854,303
INCOME TAX BENEFIT (EXPENSE) (2,621) 76,245
NET INCOME $ 3,339,663 $ 4,930,548
NET INCOME PER SHARE:    
Basic $ 0.37 $ 0.60
Diluted $ 0.36 $ 0.58
WEIGHTED AVERAGE SHARES:    
Basic 9,111,356 8,282,988
Diluted 9,311,356 8,440,131
NET INCOME $ 3,339,663 $ 4,930,548
Other Comprehensive Income (Loss):    
Foreign currency translation adjustment 299,006 (2,710,953)
Total Other Comprehensive Income (Loss) 299,006 (2,710,953)
COMPREHENSIVE INCOME (LOSS) $ 3,638,669 $ 2,219,595