Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.24.3
Consolidated Balance Sheets - USD ($)
Jul. 31, 2024
Oct. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 25,217,965 $ 24,448,841
Accounts Receivable 3,407,996 2,643,461
Inventory 13,023,993 11,685,525
Unbilled Receivables 2,611,520 894,251
Prepaid Expenses 821,072 181,383
Other Current Assets 618,199 1,034,626
Total Current Assets 45,700,745 40,888,087
FIXED ASSETS    
Property and Equipment, net 6,337,808 6,873,320
OTHER ASSETS    
Goodwill 3,382,108 3,382,108
Intangible Assets, net 524,453 486,615
Deferred Tax Asset 211,386
Total Other Assets 3,906,561 4,080,109
Total Assets 55,945,114 51,841,516
CURRENT LIABILITIES    
Accounts Payable 1,074,118 1,308,201
Accrued Expenses and Other Current Liabilities 1,189,834 995,630
Deferred Revenue 754,747 975,537
Total Current Liabilities 3,018,699 3,279,368
LONG TERM LIABILITIES    
Deferred Tax Liability, net 41,552
Deferred Revenue, less current portion 79,826 133,382
Total Long Term Liabilities 121,378 133,382
Total Liabilities 3,140,077 3,412,750
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,178,933 issued and outstanding as of July 31, 2024 and 11,117,695 shares issued and outstanding as of October 31, 2023 11,179 11,118
Treasury Stock (61,933) (46,300)
Additional Paid-in Capital 63,045,766 62,958,984
Accumulated Other Comprehensive Loss (2,457,272) (3,442,549)
Accumulated Deficit (7,732,703) (11,052,487)
Total Stockholders’ Equity 52,805,037 48,428,766
Total Liabilities and Stockholders’ Equity $ 55,945,114 $ 51,841,516