Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Apr. 30, 2018 |
Apr. 30, 2017 |
Apr. 30, 2018 |
Apr. 30, 2017 |
Oct. 31, 2017 |
|
Revenues from External Customers | $ 3,526,396 | $ 5,278,758 | $ 6,576,953 | $ 10,636,961 | |
Cost of Revenues | 940,858 | 2,013,940 | 1,886,965 | 3,996,985 | |
Gross Profit | 2,585,538 | 3,264,818 | 4,689,988 | 6,639,976 | |
Research & Development | 640,477 | 247,758 | 1,311,016 | 498,988 | |
Selling, General & Administrative | 2,025,630 | 1,639,892 | 3,531,387 | 3,045,780 | |
Total Operating Expenses | 2,666,107 | 1,887,650 | 4,842,403 | 3,544,768 | |
Operating Income (Loss) | (80,569) | 1,377,168 | (152,415) | 3,095,208 | |
Other Income | 84,015 | 86,643 | 90,670 | 136,059 | |
Interest (Expense) Income | (80,741) | (188,847) | (183,489) | (384,341) | |
Total other income (expense) | 3,274 | (102,204) | (92,819) | (248,282) | |
Income (Loss) before income taxes | (77,295) | 1,274,964 | (245,234) | 2,846,926 | |
Income tax benefit (expense) | (30) | (30) | |||
Net (loss) income | (77,325) | 1,274,964 | (245,264) | 2,846,926 | |
Total Assets | 23,942,173 | 25,158,045 | 23,942,173 | 25,158,045 | $ 24,060,073 |
Total Liabilities | 4,137,600 | 11,478,219 | 4,137,600 | 11,478,219 | $ 10,232,653 |
Revenues from Intercompany Sales - eliminated from sales above | 1,123,791 | 794,591 | 1,156,407 | 1,146,218 | |
Depreciation and Amortization | 190,677 | 219,962 | 396,056 | 396,361 | |
Purchases of Long-lived Assets | 82,953 | 670,455 | 521,594 | 2,350,566 | |
USA [Member] | |||||
Revenues from External Customers | 1,934,365 | 2,525,908 | 3,021,991 | 5,275,675 | |
Europe [Member] | |||||
Revenues from External Customers | 1,476,668 | 2,614,897 | 3,298,704 | 4,631,934 | |
Australia [Member] | |||||
Revenues from External Customers | 115,363 | 137,953 | 256,258 | 729,352 | |
Marine Technology Business (Products) [Member] | |||||
Revenues from External Customers | 2,173,291 | 3,299,545 | 4,216,233 | 5,750,144 | |
Cost of Revenues | 217,222 | 968,908 | 647,353 | 1,698,926 | |
Gross Profit | 1,956,069 | 2,330,637 | 3,568,880 | 4,051,218 | |
Research & Development | 503,518 | 247,758 | 945,792 | 498,988 | |
Selling, General & Administrative | 850,521 | 830,121 | 1,428,086 | 1,404,770 | |
Total Operating Expenses | 1,354,039 | 1,077,879 | 2,373,878 | 1,903,758 | |
Operating Income (Loss) | 602,030 | 1,252,758 | 1,195,002 | 2,147,460 | |
Other Income | 81,918 | 86,643 | 88,573 | 136,059 | |
Interest (Expense) Income | (2,385) | (181,806) | (6,804) | (532,141) | |
Total other income (expense) | 79,533 | (95,163) | 81,769 | (396,082) | |
Income (Loss) before income taxes | 681,563 | 1,157,595 | 1,276,771 | 1,751,378 | |
Income tax benefit (expense) | (6,431) | (6,596) | |||
Net (loss) income | 675,132 | 1,157,595 | 1,270,175 | 1,751,378 | |
Total Assets | 12,455,194 | 12,119,417 | 12,455,194 | 12,119,417 | |
Total Liabilities | 763,339 | 1,223,741 | 763,339 | 1,223,741 | |
Revenues from Intercompany Sales - eliminated from sales above | 315,954 | 505,660 | 471,218 | 678,513 | |
Depreciation and Amortization | 113,923 | 145,800 | 236,650 | 247,263 | |
Purchases of Long-lived Assets | 52,112 | 643,603 | 254,029 | 2,289,063 | |
Marine Engineering Business (Services) [Member] | |||||
Revenues from External Customers | 1,353,105 | 1,979,213 | 2,360,720 | 4,886,817 | |
Cost of Revenues | 723,636 | 1,045,032 | 1,239,612 | 2,298,059 | |
Gross Profit | 629,469 | 934,181 | 1,121,108 | 2,588,758 | |
Research & Development | 136,959 | 365,224 | |||
Selling, General & Administrative | 614,718 | 655,560 | 1,245,592 | 1,341,971 | |
Total Operating Expenses | 751,677 | 655,560 | 1,610,816 | 1,341,971 | |
Operating Income (Loss) | (122,208) | 278,621 | (489,708) | 1,246,787 | |
Other Income | 2,097 | 2,097 | |||
Interest (Expense) Income | (14,752) | (75,001) | (29,701) | (199,223) | |
Total other income (expense) | (12,655) | (75,001) | (27,604) | (199,223) | |
Income (Loss) before income taxes | (134,863) | 203,620 | (517,312) | 1,047,564 | |
Income tax benefit (expense) | |||||
Net (loss) income | (134,863) | 203,620 | (517,312) | 1,047,564 | |
Total Assets | 10,944,045 | 12,616,569 | 10,944,045 | 12,616,569 | |
Total Liabilities | 1,435,771 | 1,654,104 | 1,435,771 | 1,654,104 | |
Revenues from Intercompany Sales - eliminated from sales above | 132,837 | 170,056 | 10,189 | 229,955 | |
Depreciation and Amortization | 72,499 | 71,056 | 152,214 | 142,781 | |
Purchases of Long-lived Assets | 6,056 | 26,852 | 49,961 | 49,033 | |
Overhead [Member] | |||||
Revenues from External Customers | |||||
Cost of Revenues | |||||
Gross Profit | |||||
Research & Development | |||||
Selling, General & Administrative | 560,391 | 154,211 | 857,709 | 299,039 | |
Total Operating Expenses | 560,391 | 154,211 | 857,709 | 299,039 | |
Operating Income (Loss) | (560,391) | (154,211) | (857,709) | (299,039) | |
Other Income | |||||
Interest (Expense) Income | (63,604) | 67,960 | (146,984) | 347,023 | |
Total other income (expense) | (63,604) | 67,960 | (146,984) | 347,023 | |
Income (Loss) before income taxes | (623,995) | (86,251) | (1,004,693) | 47,984 | |
Income tax benefit (expense) | 6,401 | 6,566 | |||
Net (loss) income | (617,594) | (86,251) | (998,127) | 47,984 | |
Total Assets | 342,932 | 422,059 | 342,932 | 422,059 | |
Total Liabilities | 1,938,490 | 8,600,374 | 1,938,490 | 8,600,374 | |
Revenues from Intercompany Sales - eliminated from sales above | 675,000 | 118,875 | 675,000 | 237,750 | |
Depreciation and Amortization | 4,255 | 3,106 | 7,192 | 6,317 | |
Purchases of Long-lived Assets | $ 24,785 | $ 24,785 | $ 12,470 |