Contracts in Progress (Details Narrative) - USD ($) |
9 Months Ended | |
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Jul. 31, 2019 |
Oct. 31, 2018 |
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Revenue from Contract with Customer [Abstract] | ||
Unbilled receivables | $ 4,313,610 | $ 3,013,116 |
Deferred revenue | 1,033,314 | 651,820 |
Billings in excess component of deferred revenue | $ 84,776 | 0 |
Product warrant description | Revenue received as part of sales of products via our Products Segment includes a provision for warranty or TLS. TLS offers the customer extended post-sales technical support along with software and hardware assurances. These post-sales obligations (warranty and TLS) are treated as deferred revenue and are amortized over the period when the contractual obligations subsist, which for warranty is 12 months and TLS varies between 36 and 60 months depending on the package purchased by the customer. | |
Component of deferred revenue | $ 948,538 | $ 651,820 |
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- Definition Billings in excess 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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- Definition Amount of deferred income and obligation to transfer product and 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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