Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.24.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Income Statement [Abstract]    
Net Revenues $ 20,316,161 $ 19,352,088
Cost of Revenues 6,143,056 6,321,033
Gross Profit 14,173,105 13,031,055
OPERATING EXPENSES    
Research & Development 2,242,429 2,096,467
Selling, General & Administrative 8,346,545 8,195,036
Total Operating Expenses 10,588,974 10,291,503
INCOME FROM OPERATIONS 3,584,131 2,739,552
OTHER INCOME    
Other Income 88,382 39,146
Interest Income 938,775 642,530
Total Other Income 1,027,157 681,676
INCOME BEFORE INCOME TAX EXPENSE 4,611,288 3,421,228
INCOME TAX EXPENSE    
Current Tax Expense 713,670 248,655
Deferred Tax Expense 251,622 48,424
Total Income Tax Expense 965,292 297,079
NET INCOME $ 3,645,996 $ 3,124,149
NET INCOME PER SHARE:    
Basic $ 0.33 $ 0.28
Diluted $ 0.32 $ 0.28
WEIGHTED AVERAGE SHARES:    
Basic 11,166,956 11,131,469
Diluted 11,290,327 11,323,568
Foreign Currency Translation Adjustment $ 931,718 $ 1,294,575
Total Other Comprehensive Income 931,718 1,294,575
COMPREHENSIVE INCOME $ 4,577,714 $ 4,418,724