Quarterly report pursuant to Section 13 or 15(d)

Segment Analysis (Tables)

v3.8.0.1
Segment Analysis (Tables)
 3 Months Ended
Jan. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

Information concerning principal geographic areas is presented below according to the area where the activity has taken place for the three months ended January 31, 2018 and 2017 respectively:

 

    Marine Technology Business (Products)     Marine Engineering Business (Services)     Overhead     Total  
                         
Three Months Ended January 31, 2018                                
                                 
Revenues from External Customers   $ 2,042,942     $ 1,007,615     $ -     $ 3,050,557  
                                 
Cost of Revenues     430,131       515,976       -       946,107  
                                 
Gross Profit     1,612,811       491,639       -       2,104,450  
                                 
Research & Development     442,274       228,265       -       670,539  
Selling, General & Administrative     577,565       630,874       297,318       1,505,757  
                                 
Total Operating Expenses     1,019,839       859,139       297,318       2,176,296  
                                 
Operating Income (Loss)     592,972       (367,500 )     (297,318 )     (71,846 )
                                 
Other Income (Expense)                                
                                 
Other Income     6,655       -       -       6,655  
Interest (Expense)     (4,419 )     (14,949 )     (83,380 )     (102,748 )
                                 
Total other income (expense)     2,236       (14,949 )     (83,380 )     (96,093 )
                                 
Income (Loss) before income taxes     595,208       (382,449 )     (380,698 )     (167,939 )
                                 
Income tax benefit (expense)     -       -       -       -  
                                 
Net Income (Loss)   $ 595,208     $ (382,449 )   $ (380,698 )   $ (167,939 )
                                 
Supplemental Disclosures                                
                                 
Total Assets   $ 12,419,192     $ 11,095,135     $ 5,449,334     $ 28,963,661  
                                 
Total Liabilities     862,542       1,405,271       7,126,250       9,394,063  
                                 
Revenues from Intercompany Sales - eliminated from sales above     471,218       10,189       675,000       1,156,407  
                                 
Depreciation and Amortization     137,518       79,715       2,937       220,170  
                                 
Purchases of Long-lived Assets     201,917       43,905       -       245,822  


    Marine Technology Business (Products)     Marine Engineering Business (Services)     Overhead     Total  
                         
Three Months Ended January 31, 2017                                
                                 
Revenues from External Customers   $ 2,450,599     $ 2,907,604     $ -     $ 5,358,203  
                                 
Cost of Revenues     730,021       1,253,025       -       1,983,046  
                                 
Gross Profit     1,720,578       1,654,579       -       3,375,157  
                                 
Research & Development     251,230       -       -       251,230  
Selling, General & Administrative     574,648       686,411       144,829       1,405,888  
                                 
Total Operating Expenses     825,878       686,411       144,829       1,657,118  
                                 
Operating Income (Loss)     894,700       968,168       (144,829 )     1,718,039  
                                 
Other Income (Expense)                                
                                 
Other Income     49,416       -       -       49,416  
Interest (Expense)     (350,334 )     (124,221 )     279,061       (195,494 )
                                 
Total other income (expense)     (300,918 )     (124,221 )     279,061       (146,078 )
                                 
Income before income taxes     593,782       843,947       134,232       1,571,961  
                                 
Income tax benefit (expense)     -       -       -       -  
                                 
Net Income   $ 593,782     $ 843,947     $ 134,232     $ 1,571,961  
                                 
Supplemental Disclosures                                
                                 
                                 
Total Assets   $ 10,586,262     $ 12,249,349     $ 506,050     $ 23,341,661  
                                 
Total Liabilities     843,107       1,716,788       9,723,632       12,283,527  
                                 
Revenues from Intercompany Sales - eliminated from sales above     172,853       59,899       118,875       351,627  
                                 
Depreciation and Amortization     101,463       71,725       3,211       176,399  
                                 
Purchases of Long-lived Assets     1,645,460       22,181       12,470       1,680,111  

 

    USA     Europe     Australia     Total  
                         
External Revenues by Geographic Locations                                
                                 
Three Months Ended January 31, 2018   $ 1,087,626     $ 1,822,036     $ 140,895     $ 3,050,557  
                                 
Three Months Ended January 31, 2017   $ 2,749,768     $ 2,017,036     $ 591,399     $ 5,358,203