Quarterly report pursuant to Section 13 or 15(d)

COST OF GOODS SOLD

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COST OF GOODS SOLD
9 Months Ended
Jul. 31, 2024
Compensation Related Costs [Abstract]  
COST OF GOODS SOLD

NOTE 3 – COST OF GOODS SOLD

 

Our cost of goods sold includes the cost of materials and related direct costs. With respect to sales made through the operating segments’ sales agents distribution network, we include in our costs of goods sold commissions paid to agents for the specific sales they make. Without using agents, we would not be eligible to participate in the Request for Proposals (“RFP”) for these sales on which we incur commission costs. All other sales-related expenses, including those related to unsuccessful bids, are included in selling, general and administrative (SG&A) costs. As a component of cost of goods sold, sales commission costs in the three month period ended July 31, 2024, and 2023 were $100,290 and $120,724, respectively. Commission costs in the nine month period ended July 31, 2024, and 2023 were $525,696 and $728,552 respectively.