Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.4
Consolidated Balance Sheets - USD ($)
Oct. 31, 2024
Oct. 31, 2023
CURRENT ASSETS    
Cash and Cash Equivalents $ 22,479,072 $ 24,448,841
Accounts Receivable 3,493,463 2,643,461
Inventory 13,975,529 11,685,525
Unbilled Receivables 1,657,827 894,251
Prepaid Expenses 537,289 181,383
Other Current Assets 838,835 1,034,626
Total Current Assets 42,982,015 40,888,087
FIXED ASSETS    
Property and Equipment, net 6,822,990 6,873,320
Right of Use Assets 413,171
Total Fixed Assets 7,236,161 6,873,320
OTHER ASSETS    
Goodwill 3,639,334 3,382,108
Intangible Assets, net 3,687,034 486,615
Deferred Tax Asset 211,386
Total Other Assets 7,326,368 4,080,109
Total Assets 57,544,544 51,841,516
CURRENT LIABILITIES    
Accounts Payable 1,034,488 1,308,201
Current portion of operating lease liabilities 32,298
Accrued Expenses and Other Current Liabilities 1,604,596 995,630
Deferred Revenue 1,225,634 975,537
Total Current Liabilities 3,897,016 3,279,368
LONG TERM LIABILITIES    
Deferred Tax Liability, net 82,011
Non-current operating lease liabilities 380,873
Deferred Revenue, less current portion 56,121 133,382
Total Long Term Liabilities 519,005 133,382
Total Liabilities 4,416,021 3,412,750
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,195,487 issued and outstanding as of October 31, 2024 and 11,117,695 shares issued and outstanding as of October 31, 2023 11,195 11,118
Preferred Stock $.001 par value; 5,000,000 shares authorized,  zero issued and outstanding as of October 31, 2024 and 2023
Treasury Stock (61,933) (46,300)
Additional Paid-in Capital 63,096,583 62,958,984
Accumulated Other Comprehensive Loss (2,510,831) (3,442,549)
Accumulated Deficit (7,406,491) (11,052,487)
Total Stockholders’ Equity 53,128,523 48,428,766
Total Liabilities and Stockholders’ Equity $ 57,544,544 $ 51,841,516