Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jan. 31, 2026
Oct. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 30,446,369 $ 28,682,615
Accounts Receivable 3,784,960 3,732,806
Inventory 14,195,378 13,636,512
Unbilled Receivables 1,906,633 2,988,779
Prepaid Expenses 365,303 434,021
Other Current Assets 461,892 531,469
Total Current Assets 51,160,535 50,006,202
FIXED ASSETS    
Property and Equipment, net 7,371,004 7,295,791
Right of Use Assets 374,597 372,647
Total Fixed Assets 7,745,601 7,668,438
OTHER ASSETS    
Goodwill 3,639,334 3,639,334
Intangible Assets, net 3,076,109 3,179,588
Total Other Assets 6,715,443 6,818,922
Total Assets 65,621,579 64,493,562
CURRENT LIABILITIES    
Accounts Payable 957,766 1,407,439
Current portion of operating lease liabilities 37,441 34,862
Accrued Expenses and Other Current Liabilities 2,538,054 2,475,952
Deferred Revenue 1,159,868 1,722,796
Total Current Liabilities 4,693,129 5,641,049
LONG TERM LIABILITIES    
Deferred Tax Liability, net 327,728 317,949
Non-current operating lease liabilities 364,893 360,070
Deferred Revenue, less current portion 50,487 59,080
Total Long Term Liabilities 743,108 737,099
Total Liabilities 5,436,237 6,378,148
Commitments and contingencies
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 11,270,575 issued and outstanding as of January 31, 2026 and 11,270,575 shares issued and outstanding as of October 31, 2025 11,271 11,271
Preferred Stock $.001 par value; 5,000,000 shares authorized, zero issued and outstanding as of January 31, 2026 and October 31, 2025
Treasury Stock (61,933) (61,933)
Additional Paid-in Capital 63,348,283 63,321,294
Accumulated Other Comprehensive Loss (766,441) (1,878,657)
Accumulated Deficit (2,345,838) (3,276,561)
Total Stockholders’ Equity 60,185,342 58,115,414
Total Liabilities and Stockholders’ Equity $ 65,621,579 $ 64,493,562