Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,988,194 $ 1,752,346
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 594,606 605,645
Stock compensation 334,089 334,749
Loss on the sale of property and equipment 36,344
(Increase) decrease in operating assets:    
Accounts receivable (525,168) (2,343,834)
Inventory (531,577) (535,657)
Unbilled receivables (1,300,494) 373,301
Other current assets (270,171) 206,955
Prepaid expenses (17,582) 106,812
Deferred tax asset 850,987
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities 543,483 (47,392)
Deferred revenue 381,494 (126,256)
Net Cash Provided by Operating Activities 5,084,205 326,669
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,843,589) (442,041)
Purchases of other intangible assets (34,303)
Proceeds from the sale of propety and equipment 725,000
Net Cash (used in) Investing Activities (1,152,892) (442,041)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments - loans and notes payable (846,442) (5,642,202)
Disgorgement of stock sales 166,514
Issuance of common stock for cash 105,445 5,312,732
Net Cash (Used) in Financing Activities (574,483) (329,470)
EFFECT OF CURRENCY EXCHANGE RATE ON CHANGES IN CASH (1,065,479) 304,566
NET INCREASE (DECREASE) IN CASH 2,291,351 (140,276)
CASH AT THE BEGINNING OF THE PERIOD 7,512,422 6,851,539
CASH AT THE END OF THE PERIOD 9,803,773 6,711,263
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 69,499 178,785
Cash paid for taxes $ 7,840