Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|
Apr. 30, 2019 |
Jan. 31, 2019 |
Apr. 30, 2018 |
Jan. 31, 2018 |
Apr. 30, 2019 |
Apr. 30, 2018 |
Oct. 31, 2018 |
|
Revenues from External Customers | $ 6,783,272 | $ 3,526,396 | $ 12,541,780 | $ 6,576,953 | |||
Cost of Revenues | 2,058,610 | 940,858 | 4,284,046 | 1,886,965 | |||
Gross Profit | 4,724,662 | 2,585,538 | 8,257,734 | 4,689,988 | |||
Research & Development | 745,227 | 640,477 | 1,316,553 | 1,311,016 | |||
Selling, General & Administrative | 1,696,682 | 2,025,630 | 3,315,957 | 3,531,387 | |||
Total Operating Expenses | 2,441,909 | 2,666,107 | 4,632,510 | 4,842,403 | |||
Income (Loss) from Operations | 2,282,753 | (80,569) | 3,625,224 | (152,415) | |||
Other Income | 26,228 | 84,015 | 59,069 | 90,670 | |||
Interest Expense | 24,347 | 80,741 | 49,408 | 183,489 | |||
Total Other Income (Expense) | 1,881 | 3,274 | 9,661 | (92,819) | |||
Net Income (Loss) before Income Taxes | 2,284,634 | (77,295) | 3,634,885 | (245,234) | |||
Current Tax Benefit (Expense) | 24 | (30) | 77,991 | (30) | |||
Deferred Tax (Expense) | (311,164) | (500,369) | |||||
Income (Expense) | (311,140) | (30) | (422,378) | (30) | |||
Net Income (Loss) | 1,973,494 | $ 1,239,013 | (77,325) | $ (167,939) | 3,212,507 | (245,264) | |
Total Assets | 31,948,932 | 28,963,661 | 31,948,932 | 28,963,661 | $ 28,736,611 | ||
Total Liabilities | 3,808,905 | 4,137,600 | 3,808,905 | 4,137,600 | $ 4,349,661 | ||
Revenues from Intercompany Sales - eliminated from sales above | 1,210,327 | 1,123,791 | 2,487,396 | 1,156,407 | |||
Depreciation and Amortization | 199,693 | 190,677 | 394,412 | 396,056 | |||
Purchases of Long-lived Assets | 1,180,579 | 82,953 | 2,099,714 | 521,594 | |||
Marine Technology Business (Products) [Member] | |||||||
Revenues from External Customers | 3,420,183 | 2,173,291 | 6,249,719 | 4,216,233 | |||
Cost of Revenues | 488,909 | 217,222 | 1,206,215 | 647,353 | |||
Gross Profit | 2,931,274 | 1,956,069 | 5,043,504 | 3,568,880 | |||
Research & Development | 558,579 | 503,518 | 1,030,004 | 945,792 | |||
Selling, General & Administrative | 743,801 | 850,521 | 1,498,461 | 1,428,086 | |||
Total Operating Expenses | 1,302,380 | 1,354,039 | 2,528,465 | 2,373,878 | |||
Income (Loss) from Operations | 1,628,894 | 602,030 | 2,515,039 | 1,195,002 | |||
Other Income | 26,228 | 81,918 | 59,069 | 88,573 | |||
Interest Expense | (3,392) | (2,385) | (5,866) | (6,804) | |||
Total Other Income (Expense) | 22,836 | 79,533 | 53,203 | 81,769 | |||
Net Income (Loss) before Income Taxes | 1,651,730 | 681,563 | 2,568,242 | 1,276,771 | |||
Current Tax Benefit (Expense) | 18,375 | (6,431) | 25,668 | (6,596) | |||
Deferred Tax (Expense) | (144,381) | (151,305) | |||||
Income (Expense) | (126,006) | (125,637) | |||||
Net Income (Loss) | 1,525,724 | 675,132 | 2,442,605 | 1,270,175 | |||
Total Assets | 17,403,981 | 12,655,196 | 17,403,981 | 12,655,196 | |||
Total Liabilities | 1,357,163 | 760,320 | 1,357,163 | 760,320 | |||
Revenues from Intercompany Sales - eliminated from sales above | 361,604 | 315,954 | 908,467 | 471,218 | |||
Depreciation and Amortization | 134,516 | 113,923 | 259,124 | 236,650 | |||
Purchases of Long-lived Assets | 1,149,245 | 52,112 | 2,065,268 | 254,029 | |||
Marine Engineering Business (Services) [Member] | |||||||
Revenues from External Customers | 3,363,089 | 1,353,105 | 6,292,061 | 2,360,720 | |||
Cost of Revenues | 1,569,701 | 723,636 | 3,077,831 | 1,239,612 | |||
Gross Profit | 1,793,388 | 629,469 | 3,214,230 | 1,121,108 | |||
Research & Development | 64,665 | 136,959 | 97,214 | 365,224 | |||
Selling, General & Administrative | 611,059 | 614,718 | 1,205,105 | 1,245,592 | |||
Total Operating Expenses | 675,724 | 751,677 | 1,302,319 | 1,610,816 | |||
Income (Loss) from Operations | 1,117,664 | (122,208) | 1,911,911 | (489,708) | |||
Other Income | 2,097 | 2,097 | |||||
Interest Expense | (5,118) | (14,752) | (9,699) | (29,701) | |||
Total Other Income (Expense) | (5,118) | (12,655) | (9,699) | (27,604) | |||
Net Income (Loss) before Income Taxes | 1,112,546 | (134,863) | 1,902,212 | (517,312) | |||
Current Tax Benefit (Expense) | (9,939) | 34,985 | |||||
Deferred Tax (Expense) | (117,529) | (233,396) | |||||
Income (Expense) | (127,468) | (198,411) | |||||
Net Income (Loss) | 985,078 | (134,863) | 1,703,801 | (517,312) | |||
Total Assets | 12,980,885 | 10,944,045 | 12,980,885 | 10,944,045 | |||
Total Liabilities | 923,248 | 1,438,790 | 923,248 | 1,438,790 | |||
Revenues from Intercompany Sales - eliminated from sales above | 173,723 | 132,837 | 228,929 | 10,189 | |||
Depreciation and Amortization | 61,388 | 72,499 | 127,678 | 152,214 | |||
Purchases of Long-lived Assets | 31,334 | 6,056 | 34,446 | 49,961 | |||
Overhead [Member] | |||||||
Revenues from External Customers | |||||||
Cost of Revenues | |||||||
Gross Profit | |||||||
Research & Development | 121,983 | 189,335 | |||||
Selling, General & Administrative | 341,822 | 560,391 | 612,391 | 857,709 | |||
Total Operating Expenses | 463,805 | 560,391 | 801,726 | 857,709 | |||
Income (Loss) from Operations | (463,805) | (560,391) | (801,726) | (857,709) | |||
Other Income | |||||||
Interest Expense | (15,837) | (63,604) | (33,843) | (146,984) | |||
Total Other Income (Expense) | (15,837) | (63,604) | (33,843) | (146,984) | |||
Net Income (Loss) before Income Taxes | (479,642) | (623,995) | (835,569) | (1,004,693) | |||
Current Tax Benefit (Expense) | (8,412) | 6,401 | 17,338 | 6,566 | |||
Deferred Tax (Expense) | (49,254) | (115,668) | |||||
Income (Expense) | (57,666) | (98,330) | |||||
Net Income (Loss) | (537,308) | (617,594) | (933,899) | (998,127) | |||
Total Assets | 1,564,066 | 342,932 | 1,564,066 | 342,932 | |||
Total Liabilities | 1,528,494 | 1,938,490 | 1,528,494 | 1,938,490 | |||
Revenues from Intercompany Sales - eliminated from sales above | 675,000 | 675,000 | 1,350,000 | 675,000 | |||
Depreciation and Amortization | 3,790 | 4,255 | 7,610 | 7,192 | |||
Purchases of Long-lived Assets | $ 24,785 | $ 24,785 |