Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.25.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Income Statement [Abstract]    
Net Revenues $ 5,209,715 $ 4,461,191
Cost of Revenues 1,781,245 1,374,455
Gross Profit 3,428,470 3,086,736
OPERATING EXPENSES    
Research & Development 543,126 485,977
Selling, General & Administrative 2,223,322 2,045,375
Total Operating Expenses 2,766,448 2,531,352
INCOME FROM OPERATIONS 662,022 555,384
OTHER INCOME    
Other Income 78,667 35,020
Interest Income 194,171 192,540
Total Other Income 272,838 227,560
INCOME BEFORE INCOME TAX EXPENSE 934,860 782,944
INCOME TAX (EXPENSE) BENEFIT    
Current Tax (Expense) Benefit (48,874) 34,015
Deferred Tax Benefit (Expense) 26,989 (187,071)
Total Income Tax (Expense) (21,885) (153,056)
NET INCOME $ 912,975 $ 629,888
NET INCOME PER SHARE:    
Basic $ 0.08 $ 0.06
Diluted $ 0.08 $ 0.06
WEIGHTED AVERAGE SHARES:    
Basic 11,213,989 11,125,061
Diluted 11,299,737 11,264,478
Foreign Currency Translation Adjustment $ (1,028,586) $ 1,029,580
Total Other Comprehensive Income (1,028,586) 1,029,580
COMPREHENSIVE (LOSS) INCOME $ (115,611) $ 1,659,468