Contracts in Progress (Details Narrative) - USD ($) |
6 Months Ended | |
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Apr. 30, 2019 |
Oct. 31, 2018 |
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Revenue from Contract with Customer [Abstract] | ||
Unbilled receivables | $ 3,782,785 | $ 3,013,116 |
Deferred revenue | 763,106 | 651,820 |
Billings in excess component of deferred revenue | $ 25,607 | 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 product which offers the customer extended support, software and hardware assurances with these amounts amortized over 12 months, our stated warranty period, from the date of sale and 36 or 60 months for Through Life Support depending on the package purchased by the customer. | |
Component of deferred revenue | $ 737,499 | $ 651,820 |
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- Definition Billings in excess component of deferred revenue. No definition available.
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- Definition Component of deferred revenue. No definition available.
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- Definition Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- 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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- 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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