Quarterly report pursuant to Section 13 or 15(d)

Segment Analysis - Schedule of Segment Reporting Information (Details)

v3.19.1
Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($)
3 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Oct. 31, 2018
Revenues from External Customers $ 5,758,508 $ 3,050,557  
Cost of Revenues 2,225,436 946,107  
Gross Profit 3,533,072 2,104,450  
Research & Development 571,326 670,539  
Selling, General & Administrative 1,619,275 1,505,757  
Total Operating Expenses 2,190,601 2,176,296  
Operating Income (Loss) 1,342,471 (71,846)  
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)  
Current tax benefit (expense) 77,967  
Deferred tax benefit (189,205)  
Income tax benefit (expense) (111,238)  
Net Income (Loss) 1,239,013 (167,939)  
Total Assets 31,057,332 28,963,661 $ 28,736,611
Total Liabilities 5,028,069 9,394,063 $ 4,349,661
Revenues from Intercompany Sales - eliminated from sales above 1,277,069 1,156,407  
Depreciation and Amortization 194,718 220,170  
Purchases of Long-lived Assets 919,135 245,822  
Marine Technology Business (Products) [Member]      
Revenues from External Customers 2,829,536 2,042,942  
Cost of Revenues 717,306 430,131  
Gross Profit 2,112,230 1,612,811  
Research & Development 471,425 442,274  
Selling, General & Administrative 754,660 577,565  
Total Operating Expenses 1,226,085 1,019,839  
Operating Income (Loss) 886,145 592,972  
Other Income 32,841 6,655  
Interest (Expense) (2,474) (4,419)  
Total Other Income (Expense) 30,367 2,236  
Net Income (Loss) before income taxes 916,512 595,208  
Current tax benefit (expense) 7,293    
Deferred tax benefit (6,924)    
Income tax benefit (expense) 369  
Net Income (Loss) 916,881 595,208  
Total Assets 16,709,072 12,419,192  
Total Liabilities 2,163,421 862,542  
Revenues from Intercompany Sales - eliminated from sales above 546,863 471,218  
Depreciation and Amortization 124,608 137,518  
Purchases of Long-lived Assets 916,023 201,917  
Marine Engineering Business (Services) [Member]      
Revenues from External Customers 2,928,972 1,007,615  
Cost of Revenues 1,508,130 515,976  
Gross Profit 1,420,842 491,639  
Research & Development 32,549 228,265  
Selling, General & Administrative 594,046 630,874  
Total Operating Expenses 626,595 859,139  
Operating Income (Loss) 794,247 (367,500)  
Other Income  
Interest (Expense) (4,581) (14,949)  
Total Other Income (Expense) (4,581) (14,949)  
Net Income (Loss) before income taxes 789,666 (382,449)  
Current tax benefit (expense) 44,924    
Deferred tax benefit (115,867)    
Income tax benefit (expense) (70,943)  
Net Income (Loss) 718,723 (382,449)  
Total Assets 12,272,308 11,095,135  
Total Liabilities 1,328,238 1,405,271  
Revenues from Intercompany Sales - eliminated from sales above 55,206 10,189  
Depreciation and Amortization 66,290 79,715  
Purchases of Long-lived Assets 3,112 43,905  
Overhead [Member]      
Revenues from External Customers  
Cost of Revenues  
Gross Profit  
Research & Development 67,352  
Selling, General & Administrative 270,569 297,318  
Total Operating Expenses 337,921 297,318  
Operating Income (Loss) (337,921) (297,318)  
Other Income  
Interest (Expense) (18,006) (83,380)  
Total Other Income (Expense) (18,006) (83,380)  
Net Income (Loss) before income taxes (355,927) (380,698)  
Current tax benefit (expense) 25,750    
Deferred tax benefit (66,414)    
Income tax benefit (expense) (40,664)  
Net Income (Loss) (396,591) (380,698)  
Total Assets 2,075,952 5,449,334  
Total Liabilities 1,536,410 7,126,250  
Revenues from Intercompany Sales - eliminated from sales above 675,000 675,000  
Depreciation and Amortization 3,820 2,937  
Purchases of Long-lived Assets