Schedule of Segment Reporting Information |
Information concerning principal
geographic areas is presented below according to the area where the activity has taken place for the three and six months ended
April 30, 2020 and 2019 respectively:
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
1,691,199 |
|
|
$ |
1,598,019 |
|
|
$ |
- |
|
|
$ |
3,289,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
406,853 |
|
|
|
956,951 |
|
|
|
- |
|
|
|
1,363,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
1,284,346 |
|
|
|
641,068 |
|
|
|
- |
|
|
|
1,925,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
442,696 |
|
|
|
270,945 |
|
|
|
- |
|
|
|
713,641 |
|
Selling, General & Administrative |
|
|
692,177 |
|
|
|
527,039 |
|
|
|
313,994 |
|
|
|
1,533,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,134,873 |
|
|
|
797,984 |
|
|
|
313,994 |
|
|
|
2,246,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
149,473 |
|
|
|
(156,916 |
) |
|
|
(313,994 |
) |
|
|
(321,437 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Expense) Income |
|
|
(327 |
) |
|
|
16 |
|
|
|
- |
|
|
|
(311 |
) |
Interest Expense |
|
|
(2,395 |
) |
|
|
(3,959 |
) |
|
|
(12,102 |
) |
|
|
(18,456 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
(2,722 |
) |
|
|
(3,943 |
) |
|
|
(12,102 |
) |
|
|
(18,767 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
146,751 |
|
|
|
(160,859 |
) |
|
|
(326,096 |
) |
|
|
(340,204 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Benefit (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit (Expense) |
|
|
(6,397 |
) |
|
|
(4,045 |
) |
|
|
45,268 |
|
|
|
34,826 |
|
Deferred Tax (Expense) |
|
|
(1,354 |
) |
|
|
142,793 |
|
|
|
(101,141 |
) |
|
|
40,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) |
|
|
(7,751 |
) |
|
|
138,748 |
|
|
|
(55,873 |
) |
|
|
75,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
139,000 |
|
|
$ |
(22,111 |
) |
|
$ |
(381,969 |
) |
|
$ |
(265,080 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
21,256,131 |
|
|
$ |
14,231,702 |
|
|
$ |
1,050,834 |
|
|
$ |
36,538,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,907,719 |
|
|
$ |
1,380,925 |
|
|
$ |
921,492 |
|
|
$ |
5,210,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
277,658 |
|
|
$ |
4,687 |
|
|
$ |
675,000 |
|
|
$ |
957,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
94,599 |
|
|
$ |
2,745 |
|
|
$ |
4,112 |
|
|
$ |
101,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Sales) Purchases of Long-lived Assets |
|
$ |
(158,874 |
) |
|
$ |
(8,441 |
) |
|
$ |
14,554 |
|
|
$ |
(152,761 |
) |
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,420,183 |
|
|
$ |
3,363,089 |
|
|
$ |
- |
|
|
$ |
6,783,272 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
488,909 |
|
|
|
1,569,701 |
|
|
|
- |
|
|
|
2,058,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,931,274 |
|
|
|
1,793,388 |
|
|
|
- |
|
|
|
4,724,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
558,579 |
|
|
|
64,665 |
|
|
|
121,983 |
|
|
|
745,227 |
|
Selling, General & Administrative |
|
|
743,801 |
|
|
|
611,059 |
|
|
|
341,822 |
|
|
|
1,696,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,302,380 |
|
|
|
675,724 |
|
|
|
463,805 |
|
|
|
2,441,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,628,894 |
|
|
|
1,117,664 |
|
|
|
(463,805 |
) |
|
|
2,282,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
26,228 |
|
|
|
- |
|
|
|
- |
|
|
|
26,228 |
|
Interest Expense |
|
|
(3,392 |
) |
|
|
(5,118 |
) |
|
|
(15,837 |
) |
|
|
(24,347 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
22,836 |
|
|
|
(5,118 |
) |
|
|
(15,837 |
) |
|
|
1,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
1,651,730 |
|
|
|
1,112,546 |
|
|
|
(479,642 |
) |
|
|
2,284,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit |
|
|
18,375 |
|
|
|
(9,939 |
) |
|
|
(8,412 |
) |
|
|
24 |
|
Deferred tax (Expense) |
|
|
(144,381 |
) |
|
|
(117,529 |
) |
|
|
(49,254 |
) |
|
|
(311,164 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income benefit (expense) |
|
|
(126,006 |
) |
|
|
(127,468 |
) |
|
|
(57,666 |
) |
|
|
(311,140 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,525,724 |
|
|
$ |
985,078 |
|
|
$ |
(537,308 |
) |
|
$ |
1,973,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
17,403,981 |
|
|
$ |
12,980,885 |
|
|
$ |
1,564,066 |
|
|
$ |
31,948,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,357,163 |
|
|
$ |
923,248 |
|
|
$ |
1,528,494 |
|
|
$ |
3,808,905 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
361,604 |
|
|
$ |
173,723 |
|
|
$ |
675,000 |
|
|
$ |
1,210,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
134,516 |
|
|
$ |
61,388 |
|
|
$ |
3,790 |
|
|
$ |
199,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
1,149,245 |
|
|
$ |
31,334 |
|
|
$ |
- |
|
|
$ |
1,180,579 |
|
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended April 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
5,324,011 |
|
|
$ |
4,646,186 |
|
|
$ |
- |
|
|
$ |
9,970,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,062,530 |
|
|
|
2,707,813 |
|
|
|
- |
|
|
|
3,770,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
4,261,481 |
|
|
|
1,938,373 |
|
|
|
- |
|
|
|
6,199,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
999,425 |
|
|
|
477,383 |
|
|
|
165,098 |
|
|
|
1,641,906 |
|
Selling, General & Administrative |
|
|
1,560,175 |
|
|
|
1,163,335 |
|
|
|
701,378 |
|
|
|
3,424,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
2,559,600 |
|
|
|
1,640,718 |
|
|
|
866,476 |
|
|
|
5,066,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,701,881 |
|
|
|
297,655 |
|
|
|
(866,476 |
) |
|
|
1,133,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
12,497 |
|
|
|
16 |
|
|
|
- |
|
|
|
12,513 |
|
Interest (Expense) |
|
|
(5,627 |
) |
|
|
(7,641 |
) |
|
|
(24,802 |
) |
|
|
(38,070 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
6,870 |
|
|
|
(7,625 |
) |
|
|
(24,802 |
) |
|
|
(25,557 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
1,708,751 |
|
|
|
290,030 |
|
|
|
(891,278 |
) |
|
|
1,107,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Benefit (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit (Expense) |
|
|
19,436 |
|
|
|
- |
|
|
|
(7,957 |
) |
|
|
11,479 |
|
Deferred Tax (Expense) |
|
|
(79,493 |
) |
|
|
130,558 |
|
|
|
(88,354 |
) |
|
|
(37,289 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) |
|
|
(60,057 |
) |
|
|
130,558 |
|
|
|
(96,311 |
) |
|
|
(25,810 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,648,694 |
|
|
$ |
420,588 |
|
|
$ |
(987,589 |
) |
|
$ |
1,081,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
21,256,131 |
|
|
$ |
14,231,702 |
|
|
$ |
1,050,834 |
|
|
$ |
36,538,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,907,719 |
|
|
$ |
1,380,925 |
|
|
$ |
921,492 |
|
|
$ |
5,210,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
580,480 |
|
|
$ |
105,216 |
|
|
$ |
1,350,000 |
|
|
$ |
2,035,696 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
277,592 |
|
|
$ |
46,425 |
|
|
$ |
9,403 |
|
|
$ |
333,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
440,727 |
|
|
$ |
1,152 |
|
|
$ |
48,519 |
|
|
$ |
490,398 |
|
|
|
Marine Technology Business (Products) |
|
|
Marine Engineering Business (Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended April 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
6,249,719 |
|
|
$ |
6,292,061 |
|
|
$ |
- |
|
|
$ |
12,541,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,206,215 |
|
|
|
3,077,831 |
|
|
|
- |
|
|
|
4,284,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
5,043,504 |
|
|
|
3,214,230 |
|
|
|
- |
|
|
|
8,257,734 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
1,030,004 |
|
|
|
97,214 |
|
|
|
189,335 |
|
|
|
1,316,553 |
|
Selling, General & Administrative |
|
|
1,498,461 |
|
|
|
1,205,105 |
|
|
|
612,391 |
|
|
|
3,315,957 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
2,528,465 |
|
|
|
1,302,319 |
|
|
|
801,726 |
|
|
|
4,632,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
2,515,039 |
|
|
|
1,911,911 |
|
|
|
(801,726 |
) |
|
|
3,625,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
59,069 |
|
|
|
- |
|
|
|
- |
|
|
|
59,069 |
|
Interest Expense |
|
|
(5,866 |
) |
|
|
(9,699 |
) |
|
|
(33,843 |
) |
|
|
(49,408 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
53,203 |
|
|
|
(9,699 |
) |
|
|
(33,843 |
) |
|
|
9,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
2,568,242 |
|
|
|
1,902,212 |
|
|
|
(835,569 |
) |
|
|
3,634,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit |
|
|
25,668 |
|
|
|
34,985 |
|
|
|
17,338 |
|
|
|
77,991 |
|
Deferred tax (Expense) |
|
|
(151,305 |
) |
|
|
(233,396 |
) |
|
|
(115,668 |
) |
|
|
(500,369 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income benefit (expense) |
|
|
(125,637 |
) |
|
|
(198,411 |
) |
|
|
(98,330 |
) |
|
|
(422,378 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
2,442,605 |
|
|
$ |
1,703,801 |
|
|
$ |
(933,899 |
) |
|
$ |
3,212,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
17,403,981 |
|
|
$ |
12,980,885 |
|
|
$ |
1,564,066 |
|
|
$ |
31,948,932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,357,163 |
|
|
$ |
923,248 |
|
|
$ |
1,528,494 |
|
|
$ |
3,808,905 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
908,467 |
|
|
$ |
228,929 |
|
|
$ |
1,350,000 |
|
|
$ |
2,487,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
259,124 |
|
|
$ |
127,678 |
|
|
$ |
7,610 |
|
|
$ |
394,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
2,065,268 |
|
|
$ |
34,446 |
|
|
$ |
- |
|
|
$ |
2,099,714 |
|
|
Schedule of Disaggregate of Revenue from Contracts for Sale with Customers by Geographic Location |
|
|
For the Three Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
86,787 |
|
|
$ |
- |
|
|
$ |
86,787 |
|
Equipment Rentals |
|
|
36,269 |
|
|
|
- |
|
|
|
36,269 |
|
Software Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Engineering Parts |
|
|
- |
|
|
|
847,224 |
|
|
|
847,224 |
|
Services |
|
|
390,582 |
|
|
|
162,885 |
|
|
|
553,467 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
69,563 |
|
|
|
- |
|
|
|
69,563 |
|
Equipment Rentals |
|
|
292,839 |
|
|
|
- |
|
|
|
292,839 |
|
Software Sales |
|
|
7,155 |
|
|
|
- |
|
|
|
7,155 |
|
Engineering Parts |
|
|
- |
|
|
|
587,910 |
|
|
|
587,910 |
|
Services |
|
|
150,433 |
|
|
|
- |
|
|
|
150,433 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
310,338 |
|
|
|
- |
|
|
|
310,338 |
|
Equipment Rentals |
|
|
175,219 |
|
|
|
- |
|
|
|
175,219 |
|
Software Sales |
|
|
8,591 |
|
|
|
- |
|
|
|
8,591 |
|
Services |
|
|
126,238 |
|
|
|
- |
|
|
|
126,238 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
16,170 |
|
|
|
- |
|
|
|
16,170 |
|
Equipment Rentals |
|
|
592 |
|
|
|
- |
|
|
|
592 |
|
Software Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Services |
|
|
20,423 |
|
|
|
- |
|
|
|
20,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
1,691,199 |
|
|
$ |
1,598,019 |
|
|
$ |
3,289,218 |
|
|
|
For the Three Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
513,638 |
|
|
$ |
1,010,109 |
|
|
$ |
1,523,747 |
|
Europe |
|
|
519,990 |
|
|
|
587,910 |
|
|
|
1,107,900 |
|
Australia/Asia |
|
|
620,386 |
|
|
|
- |
|
|
|
620,386 |
|
Middle East & Africa |
|
|
37,185 |
|
|
|
- |
|
|
|
37,185 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
1,691,199 |
|
|
$ |
1,598,019 |
|
|
$ |
3,289,218 |
|
|
|
For the Three Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
482,858 |
|
|
$ |
- |
|
|
$ |
482,858 |
|
Equipment Rentals |
|
|
504,919 |
|
|
|
- |
|
|
|
504,919 |
|
Software Sales |
|
|
15,746 |
|
|
|
- |
|
|
|
15,746 |
|
Engineering Parts |
|
|
- |
|
|
|
1,435,134 |
|
|
|
1,435,134 |
|
Services |
|
|
687,676 |
|
|
|
162,885 |
|
|
|
850,561 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
1,691,199 |
|
|
$ |
1,598,019 |
|
|
$ |
3,289,218 |
|
|
|
For the Three Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
19,528 |
|
|
$ |
54,536 |
|
|
$ |
74,064 |
|
Equipment Rentals |
|
|
171,544 |
|
|
|
- |
|
|
|
171,544 |
|
Software Sales |
|
|
7,250 |
|
|
|
- |
|
|
|
7,250 |
|
Engineering Parts |
|
|
- |
|
|
|
2,377,313 |
|
|
|
2,377,313 |
|
Services |
|
|
736,612 |
|
|
|
563,518 |
|
|
|
1,300,130 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
446,896 |
|
|
|
13,302 |
|
|
|
460,198 |
|
Equipment Rentals |
|
|
491,118 |
|
|
|
- |
|
|
|
491,118 |
|
Software Sales |
|
|
59,069 |
|
|
|
- |
|
|
|
59,069 |
|
Engineering Parts |
|
|
- |
|
|
|
354,421 |
|
|
|
354,421 |
|
Services |
|
|
337,467 |
|
|
|
- |
|
|
|
337,467 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
867,019 |
|
|
|
- |
|
|
|
867,019 |
|
Equipment Rentals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Software Sales |
|
|
58,289 |
|
|
|
- |
|
|
|
58,289 |
|
Services |
|
|
115,666 |
|
|
|
- |
|
|
|
115,666 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Equipment Rentals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Software Sales |
|
|
16,578 |
|
|
|
- |
|
|
|
16,578 |
|
Services |
|
|
93,147 |
|
|
|
- |
|
|
|
93,147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,420,183 |
|
|
$ |
3,363,089 |
|
|
$ |
6,783,272 |
|
|
|
For the Three Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
934,934 |
|
|
$ |
2,995,366 |
|
|
$ |
3,930,300 |
|
Europe |
|
|
1,334,551 |
|
|
|
367,723 |
|
|
|
1,702,273 |
|
Australia/Asia |
|
|
1,040,974 |
|
|
|
- |
|
|
|
1,040,974 |
|
Middle East & Africa |
|
|
109,724 |
|
|
|
- |
|
|
|
109,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,420,183 |
|
|
$ |
3,363,089 |
|
|
$ |
6,783,272 |
|
|
|
For the Three Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
1,333,444 |
|
|
$ |
67,838 |
|
|
$ |
1,401,281 |
|
Equipment Rentals |
|
|
662,662 |
|
|
|
- |
|
|
|
662,662 |
|
Software Sales |
|
|
141,185 |
|
|
|
- |
|
|
|
141,185 |
|
Engineering Parts |
|
|
- |
|
|
|
2,731,734 |
|
|
|
2,731,734 |
|
Services |
|
|
1,282,892 |
|
|
|
563,518 |
|
|
|
1,846,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,420,183 |
|
|
$ |
3,363,089 |
|
|
$ |
6,783,272 |
|
|
|
For the Six Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
421,175 |
|
|
$ |
- |
|
|
$ |
421,175 |
|
Equipment Rentals |
|
|
81,338 |
|
|
|
- |
|
|
|
81,338 |
|
Software Sales |
|
|
7,250 |
|
|
|
- |
|
|
|
7,250 |
|
Engineering Parts |
|
|
- |
|
|
|
2,493,597 |
|
|
|
2,493,597 |
|
Services |
|
|
545,207 |
|
|
|
652,416 |
|
|
|
1,197,623 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
407,710 |
|
|
|
- |
|
|
|
407,710 |
|
Equipment Rentals |
|
|
345,483 |
|
|
|
- |
|
|
|
345,483 |
|
Software Sales |
|
|
109,681 |
|
|
|
- |
|
|
|
109,681 |
|
Engineering Parts |
|
|
- |
|
|
|
1,494,765 |
|
|
|
1,494,765 |
|
Services |
|
|
276,133 |
|
|
|
5,407 |
|
|
|
281,540 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
2,338,648 |
|
|
|
- |
|
|
|
2,338,648 |
|
Equipment Rentals |
|
|
401,151 |
|
|
|
- |
|
|
|
401,151 |
|
Software Sales |
|
|
128,590 |
|
|
|
- |
|
|
|
128,590 |
|
Services |
|
|
173,357 |
|
|
|
- |
|
|
|
173,357 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
38,244 |
|
|
|
- |
|
|
|
38,244 |
|
Equipment Rentals |
|
|
592 |
|
|
|
- |
|
|
|
592 |
|
Software Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Services |
|
|
49,452 |
|
|
|
- |
|
|
|
49,452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
5,324,011 |
|
|
$ |
4,646,186 |
|
|
$ |
9,970,197 |
|
|
|
For the Six Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
1,054,970 |
|
|
$ |
3,146,013 |
|
|
$ |
4,200,983 |
|
Europe |
|
|
1,139,007 |
|
|
|
1,500,172 |
|
|
|
2,639,179 |
|
Australia/Asia |
|
|
3,041,746 |
|
|
|
- |
|
|
|
3,041,746 |
|
Middle East & Africa |
|
|
88,288 |
|
|
|
- |
|
|
|
88,288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
5,324,011 |
|
|
$ |
4,646,186 |
|
|
$ |
9,970,197 |
|
|
|
For the Six Months Ended April 30, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
3,205,777 |
|
|
$ |
- |
|
|
$ |
3,205,777 |
|
Equipment Rentals |
|
|
828,564 |
|
|
|
- |
|
|
|
828,564 |
|
Software Sales |
|
|
245,521 |
|
|
|
- |
|
|
|
245,521 |
|
Engineering Parts |
|
|
- |
|
|
|
3,988,363 |
|
|
|
3,988,363 |
|
Services |
|
|
1,044,149 |
|
|
|
657,823 |
|
|
|
1,701,972 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
5,324,011 |
|
|
$ |
4,646,186 |
|
|
$ |
9,970,197 |
|
|
|
For the Six Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
67,078 |
|
|
$ |
57,545 |
|
|
$ |
124,623 |
|
Equipment Rentals |
|
|
225,027 |
|
|
|
- |
|
|
|
225,027 |
|
Software Sales |
|
|
7,250 |
|
|
|
- |
|
|
|
7,250 |
|
Engineering Parts |
|
|
- |
|
|
|
4,567,505 |
|
|
|
4,567,505 |
|
Services |
|
|
820,139 |
|
|
|
879,670 |
|
|
|
1,699,809 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
770,605 |
|
|
|
110,979 |
|
|
|
881,584 |
|
Equipment Rentals |
|
|
651,507 |
|
|
|
- |
|
|
|
651,507 |
|
Software Sales |
|
|
148,644 |
|
|
|
- |
|
|
|
148,644 |
|
Engineering Parts |
|
|
- |
|
|
|
676,363 |
|
|
|
676,363 |
|
Services |
|
|
478,019 |
|
|
|
- |
|
|
|
478,019 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
2,059,338 |
|
|
|
- |
|
|
|
2,059,338 |
|
Equipment Rentals |
|
|
257,918 |
|
|
|
- |
|
|
|
257,918 |
|
Software Sales |
|
|
201,878 |
|
|
|
- |
|
|
|
201,878 |
|
Services |
|
|
339,041 |
|
|
|
- |
|
|
|
339,041 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
10,473 |
|
|
|
- |
|
|
|
10,473 |
|
Equipment Rentals |
|
|
36,130 |
|
|
|
- |
|
|
|
36,130 |
|
Software Sales |
|
|
37,565 |
|
|
|
- |
|
|
|
37,565 |
|
Services |
|
|
139,107 |
|
|
|
- |
|
|
|
139,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
6,249,719 |
|
|
$ |
6,292,061 |
|
|
$ |
12,541,780 |
|
|
|
For the Six Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
1,119,494 |
|
|
$ |
5,504,719 |
|
|
$ |
6,624,213 |
|
Europe |
|
|
2,048,776 |
|
|
|
787,342 |
|
|
|
2,836,117 |
|
Australia/Asia |
|
|
2,858,175 |
|
|
|
- |
|
|
|
2,858,175 |
|
Middle East & Africa |
|
|
223,274 |
|
|
|
- |
|
|
|
223,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
6,249,719 |
|
|
$ |
6,292,061 |
|
|
$ |
12,541,780 |
|
|
|
For the Six Months Ended April 30, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
2,907,495 |
|
|
$ |
168,524 |
|
|
$ |
3,076,018 |
|
Equipment Rentals |
|
|
1,170,582 |
|
|
|
- |
|
|
|
1,170,582 |
|
Software Sales |
|
|
395,336 |
|
|
|
- |
|
|
|
395,336 |
|
Engineering Parts |
|
|
- |
|
|
|
5,243,868 |
|
|
|
5,243,868 |
|
Services |
|
|
1,776,306 |
|
|
|
879,670 |
|
|
|
2,655,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
6,249,719 |
|
|
$ |
6,292,061 |
|
|
$ |
12,541,780 |
|
|