Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.25.2
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Income Statement [Abstract]        
Net Revenues $ 7,017,459 $ 5,323,178 $ 12,227,174 $ 9,784,369
Cost of Revenues 2,520,178 1,584,744 4,301,423 2,959,199
Gross Profit 4,497,281 3,738,434 7,925,751 6,825,170
OPERATING EXPENSES        
Research & Development 689,995 542,481 1,233,121 1,028,458
Selling, General & Administrative 2,719,602 1,845,570 4,942,924 3,890,945
Total Operating Expenses 3,409,597 2,388,051 6,176,045 4,919,403
INCOME FROM OPERATIONS 1,087,684 1,350,383 1,749,706 1,905,767
OTHER INCOME        
Other Income (Expense) 32,332 (2,636) 110,999 32,384
Interest Income 145,594 293,468 339,765 486,008
Total Other Income 177,926 290,832 450,764 518,392
INCOME BEFORE INCOME TAX EXPENSE 1,265,610 1,641,215 2,200,470 2,424,159
INCOME TAX (EXPENSE) BENEFIT        
Current Tax (Expense) (374,701) (191,073) (423,575) (157,058)
Deferred Tax Benefit (Expense) 17,853 (34,904) 44,842 (221,975)
Total Income Tax (Expense) (356,848) (225,977) (378,733) (379,033)
COMPREHENSIVE INCOME, net of tax $ 908,762 $ 1,415,238 $ 1,821,737 $ 2,045,126
NET INCOME PER SHARE:        
Basic $ 0.08 $ 0.13 $ 0.16 $ 0.18
Diluted $ 0.08 $ 0.13 $ 0.16 $ 0.18
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 11,221,080 11,168,493 11,223,528 11,148,565
Diluted 11,306,828 11,288,210 11,309,276 11,268,282
Foreign Currency Translation Adjustment $ 1,800,439 $ (437,683) $ 771,853 $ 591,897
Total Other Comprehensive Income (Loss) 1,800,439 (437,683) 771,853 591,897
COMPREHENSIVE INCOME $ 2,709,201 $ 977,555 $ 2,593,590 $ 2,637,023