Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Jul. 31, 2026

Note 13– EARNINGS PER SHARE

Basic earnings per share are computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period.

Diluted earnings per share are computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of potential common shares. Potentially dilutive securities consist primarily of stock options and restricted stock awards and are included in the calculation of diluted earnings per share using the treasury stock method.

Potential common shares are excluded from the computation of diluted earnings per share when their effect would be anti-dilutive.

	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	July 31,		July 31,		July 31,		July 31,
Fiscal Period	2026		2025		2026		2025
Numerator:
Net Income	$	1,389,612	$	1,282,985	$	4,018,145	$	3,104,722

Denominator:
Basic weighted average common shares outstanding		11,279,904		11,237,654		11,275,149		11,226,665
Unexercised portion of options and restricted stock awards		19,047		66,895		19,047		66,895
Diluted outstanding shares		11,298,951		11,304,549		11,294,196		11,293,560

Net income per share

Basic	$	0.12	$	0.11	$	0.36	$	0.28
Diluted	$	0.12	$	0.11	$	0.36	$	0.27