Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Jul. 31, 2019 |
Apr. 30, 2019 |
Jan. 31, 2019 |
Jul. 31, 2018 |
Apr. 30, 2018 |
Jan. 31, 2018 |
Jul. 31, 2019 |
Jul. 31, 2018 |
Oct. 31, 2018 |
|
Revenues from External Customers | $ 6,668,498 | $ 5,778,473 | $ 19,210,278 | $ 12,355,426 | |||||
Cost of Revenues | 2,120,680 | 1,584,200 | 6,404,726 | 3,471,165 | |||||
Gross Profit | 4,547,818 | 4,194,273 | 12,805,552 | 8,884,261 | |||||
Research & Development | 631,690 | 530,392 | 1,948,243 | 1,841,408 | |||||
Selling, General & Administrative | 1,775,909 | 1,640,842 | 5,091,866 | 5,172,229 | |||||
Total Operating Expenses | 2,407,599 | 2,171,234 | 7,040,109 | 7,013,637 | |||||
Income (Loss) from Operations | 2,140,219 | 2,023,039 | 5,765,443 | 1,870,624 | |||||
Other Income | 6,398 | 3,972 | 65,467 | 94,642 | |||||
Interest Expense | (20,275) | (29,421) | (69,683) | (212,910) | |||||
Total Other Income (Expense) | (13,877) | (25,449) | (4,216) | (118,268) | |||||
Net Income (Loss) before Income Taxes | 2,126,342 | 1,997,590 | 5,761,227 | 1,752,356 | |||||
Current Tax Benefit (Expense) | (38) | 20 | 77,954 | (10) | |||||
Deferred Tax (Expense) | (350,617) | (850,987) | |||||||
Total Income Tax (Expense) | (350,655) | 20 | (773,033) | (10) | |||||
Net Income (Loss) | 1,775,687 | $ 1,973,494 | $ 1,239,013 | 1,997,610 | $ (77,325) | $ (167,939) | 4,988,194 | 1,752,346 | |
Total Assets | 33,343,909 | 25,948,616 | 33,343,909 | 25,948,616 | $ 28,736,611 | ||||
Total Liabilities | 4,428,196 | 4,416,803 | 4,428,196 | 4,416,803 | $ 4,349,661 | ||||
Revenues from Intercompany Sales - eliminated from sales above | 886,857 | 902,980 | 3,374,253 | 3,052,455 | |||||
Depreciation and Amortization | 200,194 | 209,589 | 594,606 | 605,645 | |||||
(Sales) Purchases of Long-lived Assets | (221,822) | 257,120 | 1,843,589 | 442,041 | |||||
Marine Technology Business (Products) [Member] | |||||||||
Revenues from External Customers | 3,231,510 | 3,926,491 | 9,481,229 | 8,142,724 | |||||
Cost of Revenues | 592,585 | 650,669 | 1,798,800 | 1,298,022 | |||||
Gross Profit | 2,638,925 | 3,275,822 | 7,682,429 | 6,844,702 | |||||
Research & Development | 503,540 | 440,202 | 1,533,544 | 1,385,994 | |||||
Selling, General & Administrative | 590,981 | 723,155 | 2,089,442 | 2,150,168 | |||||
Total Operating Expenses | 1,094,521 | 1,163,357 | 3,622,986 | 3,536,162 | |||||
Income (Loss) from Operations | 1,544,404 | 2,112,465 | 4,059,443 | 3,308,540 | |||||
Other Income | 6,398 | 3,941 | 65,467 | 92,514 | |||||
Interest Expense | (2,197) | (2,480) | (8,063) | (9,289) | |||||
Total Other Income (Expense) | 4,201 | 1,461 | 57,404 | 83,225 | |||||
Net Income (Loss) before Income Taxes | 1,548,605 | 2,113,926 | 4,116,847 | 3,391,765 | |||||
Current Tax Benefit (Expense) | (5,172) | 20,496 | (6,596) | ||||||
Deferred Tax (Expense) | (47,768) | (199,073) | |||||||
Total Income Tax (Expense) | (52,940) | (178,577) | |||||||
Net Income (Loss) | 1,495,665 | 2,113,926 | 3,938,270 | 3,385,169 | |||||
Total Assets | 18,200,970 | 14,016,131 | 18,200,970 | 14,016,131 | |||||
Total Liabilities | 2,169,195 | 865,138 | 2,169,195 | 865,138 | |||||
Revenues from Intercompany Sales - eliminated from sales above | 136,128 | 44,180 | 1,044,595 | 831,352 | |||||
Depreciation and Amortization | 132,392 | 137,426 | 391,516 | 374,076 | |||||
(Sales) Purchases of Long-lived Assets | (262,062) | 232,575 | 1,803,206 | 486,604 | |||||
Marine Engineering Business (Services) [Member] | |||||||||
Revenues from External Customers | 3,436,988 | 1,851,982 | 9,729,049 | 4,212,702 | |||||
Cost of Revenues | 1,528,095 | 933,531 | 4,605,926 | 2,173,143 | |||||
Gross Profit | 1,908,893 | 918,451 | 5,123,123 | 2,039,559 | |||||
Research & Development | 32,991 | 90,190 | 130,205 | 455,414 | |||||
Selling, General & Administrative | 659,398 | 566,692 | 1,864,503 | 1,813,357 | |||||
Total Operating Expenses | 692,389 | 656,882 | 1,994,708 | 2,268,771 | |||||
Income (Loss) from Operations | 1,216,504 | 261,569 | 3,128,415 | (229,212) | |||||
Other Income | 31 | 2,128 | |||||||
Interest Expense | (2,150) | (15,802) | (11,849) | (45,503) | |||||
Total Other Income (Expense) | (2,150) | (15,771) | (11,849) | (43,375) | |||||
Net Income (Loss) before Income Taxes | 1,214,354 | 245,798 | 3,116,566 | (272,587) | |||||
Current Tax Benefit (Expense) | 4,460 | 39,445 | |||||||
Deferred Tax (Expense) | (214,144) | (447,540) | |||||||
Total Income Tax (Expense) | (209,684) | (408,095) | |||||||
Net Income (Loss) | 1,004,670 | 245,798 | 2,708,471 | (272,587) | |||||
Total Assets | 13,876,685 | 11,378,558 | 13,876,685 | 11,378,558 | |||||
Total Liabilities | 870,492 | 1,660,291 | 870,492 | 1,660,291 | |||||
Revenues from Intercompany Sales - eliminated from sales above | 75,729 | 183,800 | 304,658 | 196,103 | |||||
Depreciation and Amortization | 63,724 | 66,435 | 191,402 | 218,649 | |||||
(Sales) Purchases of Long-lived Assets | 5,937 | (6,122) | 40,383 | 43,839 | |||||
Overhead [Member] | |||||||||
Revenues from External Customers | |||||||||
Cost of Revenues | |||||||||
Gross Profit | |||||||||
Research & Development | 95,159 | 284,494 | |||||||
Selling, General & Administrative | 525,530 | 350,995 | 1,137,921 | 1,208,704 | |||||
Total Operating Expenses | 620,689 | 350,995 | 1,422,415 | 1,208,704 | |||||
Income (Loss) from Operations | (620,689) | (350,995) | (1,422,415) | (1,208,704) | |||||
Other Income | |||||||||
Interest Expense | (15,928) | (11,139) | (49,771) | (158,118) | |||||
Total Other Income (Expense) | (15,928) | (11,139) | (49,771) | (158,118) | |||||
Net Income (Loss) before Income Taxes | (636,617) | (362,134) | (1,472,186) | (1,366,822) | |||||
Current Tax Benefit (Expense) | 674 | 20 | 18,013 | 6,586 | |||||
Deferred Tax (Expense) | (88,705) | (204,374) | |||||||
Total Income Tax (Expense) | (88,031) | (186,361) | |||||||
Net Income (Loss) | (724,648) | (362,114) | (1,658,547) | (1,360,236) | |||||
Total Assets | 1,266,254 | 553,927 | 1,266,254 | 553,927 | |||||
Total Liabilities | 1,388,509 | 1,891,374 | 1,388,509 | 1,891,374 | |||||
Revenues from Intercompany Sales - eliminated from sales above | 675,000 | 675,000 | 2,025,000 | 2,025,000 | |||||
Depreciation and Amortization | 4,078 | 5,728 | 11,688 | 12,920 | |||||
(Sales) Purchases of Long-lived Assets | $ 34,303 | $ 30,667 | $ 34,303 | $ 55,452 |