Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jan. 31, 2025
Oct. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 22,541,963 $ 22,479,072
Accounts Receivable, net 3,359,711 3,493,463
Inventory 13,433,561 13,975,529
Unbilled Receivables 2,259,419 1,657,827
Prepaid Expenses 723,802 537,289
Other Current Assets 400,855 838,835
Total Current Assets 42,719,311 42,982,015
FIXED ASSETS    
Property and Equipment, net 6,583,158 6,822,990
Right of Use Assets 388,060 413,171
Total Fixed Assets 6,971,218 7,236,161
OTHER ASSETS    
Goodwill 3,639,334 3,639,334
Intangible Assets, net 3,567,435 3,687,034
Total Other Assets 7,206,769 7,326,368
Total Assets 56,897,298 57,544,544
CURRENT LIABILITIES    
Accounts Payable 1,072,668 1,034,488
Current portion of operating lease liabilities 32,505 32,298
Accrued Expenses and Other Current Liabilities 1,226,421 1,604,596
Deferred Revenue 1,004,800 1,225,634
Total Current Liabilities 3,336,394 3,897,016
LONG TERM LIABILITIES    
Deferred Tax Liability, net 51,025 82,011
Non-current operating lease liabilities 359,940 380,873
Deferred Revenue, less current portion 36,882 56,121
Total Long Term Liabilities 447,847 519,005
Total Liabilities 3,784,241 4,416,021
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,218,804 issued and outstanding as of January 31, 2025 and 11,195,487 shares issued and outstanding as of October 31, 2024 11,219 11,195
Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of January 31, 2025 and October 31, 2024
Treasury Stock (61,933) (61,933)
Additional Paid-in Capital 63,196,704 63,096,583
Accumulated Other Comprehensive Loss (3,539,417) (2,510,831)
Accumulated Deficit (6,493,516) (7,406,491)
Total Stockholders’ Equity 53,113,057 53,128,523
Total Liabilities and Stockholders’ Equity $ 56,897,298 $ 57,544,544