Contracts in Progress (Details Narrative) - USD ($) |
6 Months Ended | |
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Apr. 30, 2018 |
Oct. 31, 2017 |
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Contracts In Progress | ||
Unbilled receivables | $ 1,585,907 | $ 2,723,172 |
Deferred revenues | 293,795 | 402,955 |
Billings in excess component of deferred revenue | $ 0 | 0 |
Product warrant description | Revenue received as part of sales of equipment includes a provision for warranty and is treated as deferred revenue, along with extended warranty sales, and Through Life Support with these amounts amortized over 12 months, our stated warranty period, from the date of sale and 60 months for Through Life Support. | |
Component of deferred revenue | $ 61,494 | $ 76,574 |
X | ||||||||||
- Definition Component of Deferred Revenue. No definition available.
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method that are expected to be realized within one year or one operating cycle, whichever is longer, from the reporting date. No definition available.
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X | ||||||||||
- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. No definition available.
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X | ||||||||||
- Definition Describes the nature of the product warranty, including the approximate term of the product warranty, how the product warranty arose, and the events or circumstances that would require the warrantor to perform under the product warranty. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer. No definition available.
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