Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.19.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Income Statement [Abstract]    
Net Revenues $ 5,758,508 $ 3,050,557
Cost of Revenues 2,225,436 946,107
Gross Profit 3,533,072 2,104,450
OPERATING EXPENSES    
Research & Development 571,326 670,539
Selling, General & Administrative 1,619,275 1,505,757
Total Operating Expenses 2,190,601 2,176,296
INCOME (LOSS) FROM OPERATIONS 1,342,471 (71,846)
OTHER INCOME (EXPENSE)    
Other Income 32,841 6,655
Interest Expense (25,061) (102,748)
Total Other Income (Expense) 7,780 (96,093)
NET INCOME (LOSS) BEFORE INCOME TAXES 1,350,251 (167,939)
INCOME TAX BENEFIT (EXPENSE)    
Current tax benefit 77,967
Deferred tax expense (189,205)
Total Income Tax Expense (111,238)
NET INCOME (LOSS) $ 1,239,013 $ (167,939)
NET INCOME (LOSS) PER SHARE:    
Basic $ 0.12 $ (0.02)
Diluted $ 0.12 $ (0.02)
WEIGHTED AVERAGE SHARES:    
Basic 10,660,694 9,172,837
Diluted 10,660,694 9,172,837
NET INCOME (LOSS) $ 1,239,013 $ (167,939)
Other Comprehensive Income:    
Foreign currency translation adjustment 297,855 955,937
Total Other Comprehensive Income 297,855 955,937
COMPREHENSIVE INCOME $ 1,536,868 $ 787,998