Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.20.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Income Statement [Abstract]        
Net Revenues $ 3,289,218 $ 6,783,272 $ 9,970,197 $ 12,541,780
Cost of Revenues 1,363,804 2,058,610 3,770,343 4,284,046
Gross Profit 1,925,414 4,724,662 6,199,854 8,257,734
OPERATING EXPENSES        
Research & Development 713,641 745,227 1,641,906 1,316,553
Selling, General & Administrative 1,533,210 1,696,682 3,424,888 3,315,957
Total Operating Expenses 2,246,851 2,441,909 5,066,794 4,632,510
(LOSS) INCOME FROM OPERATIONS (321,437) 2,282,753 1,133,060 3,625,224
OTHER INCOME (EXPENSE)        
Other (Expense) Income (311) 26,228 12,513 59,069
Interest Expense (18,456) (24,347) (38,070) (49,408)
Total Other (Expense) Income (18,767) 1,881 (25,557) 9,661
NET (LOSS) INCOME BEFORE INCOME TAXES (340,204) 2,284,634 1,107,503 3,634,885
INCOME TAX BENEFIT (EXPENSE)        
Current Tax Benefit 34,826 24 11,479 77,991
Deferred Tax Benefit (Expense) 40,298 (311,164) (37,289) (500,369)
Total Income Tax Benefit (Expense) 75,124 (311,140) (25,810) (422,378)
NET (LOSS) INCOME $ (265,080) $ 1,973,494 $ 1,081,693 $ 3,212,507
NET (LOSS) INCOME PER SHARE:        
Basic $ (0.02) $ 0.18 $ 0.10 $ 0.3
Diluted $ (0.02) $ 0.18 $ 0.10 $ 0.3
WEIGHTED AVERAGE SHARES:        
Basic 10,721,881 10,671,443 10,721,881 10,665,970
Diluted 11,276,881 10,671,443 11,276,881 10,665,970
NET (LOSS) INCOME $ (265,080) $ 1,973,494 $ 1,081,693 $ 3,212,507
Foreign Currency Translation Adjustment (553,985) 94,981 (469,234) 392,836
Total Other Comprehensive (Loss) Income (553,985) 94,981 (469,234) 392,836
COMPREHENSIVE (LOSS) INCOME $ (819,065) $ 2,068,475 $ 612,459 $ 3,605,343