Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.2
Consolidated Balance Sheets - USD ($)
Apr. 30, 2025
Oct. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 24,462,301 $ 22,479,072
Accounts Receivable, net 4,720,117 3,493,463
Inventory 13,527,744 13,975,529
Unbilled Receivables 2,370,530 1,657,827
Prepaid Expenses 842,252 537,289
Other Current Assets 393,273 838,835
Total Current Assets 46,316,217 42,982,015
FIXED ASSETS    
Property and Equipment, net 6,801,586 6,822,990
Right of Use Assets 403,228 413,171
Total Fixed Assets 7,204,814 7,236,161
OTHER ASSETS    
Goodwill 3,639,334 3,639,334
Intangible Assets, net 3,429,779 3,687,034
Total Other Assets 7,069,113 7,326,368
Total Assets 60,590,144 57,544,544
CURRENT LIABILITIES    
Accounts Payable 882,988 1,034,488
Current portion of operating lease liabilities 35,863 32,298
Accrued Expenses and Other Current Liabilities 1,450,573 1,604,596
Deferred Revenue 1,877,350 1,225,634
Total Current Liabilities 4,246,774 3,897,016
LONG TERM LIABILITIES    
Deferred Tax Liability, net 41,855 82,011
Non-current operating lease liabilities 385,819 380,873
Deferred Revenue, less current portion 27,199 56,121
Total Long Term Liabilities 454,873 519,005
Total Liabilities 4,701,647 4,416,021
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,232,514 issued and outstanding as of April 30, 2025 and 11,195,487 shares issued and outstanding as of October 31, 2024 11,233 11,195
Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of April 30, 2025 and October 31, 2024
Treasury Stock (61,933) (61,933)
Additional Paid-in Capital 63,262,929 63,096,583
Accumulated Other Comprehensive Loss (1,738,978) (2,510,831)
Accumulated Deficit (5,584,754) (7,406,491)
Total Stockholders’ Equity 55,888,497 53,128,523
Total Liabilities and Stockholders’ Equity $ 60,590,144 $ 57,544,544