Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
Jul. 31, 2020
Oct. 31, 2019
CURRENT ASSETS    
Cash $ 13,017,208 $ 11,721,683
Accounts Receivable, net 3,559,273 4,431,971
Inventory 8,877,474 5,350,514
Unbilled Receivables 1,181,423 2,279,362
Other Current Assets 260,313 298,187
Prepaid Expenses 276,097 198,140
Total Current Assets 27,171,788 24,279,857
FIXED ASSETS    
Property and Equipment, net 6,158,556 5,986,812
OTHER ASSETS    
Goodwill and Other Intangibles, net 3,630,486 3,612,891
Deferred Tax Asset 307,215 631,684
Total Other Assets 3,937,701 4,244,575
Total Assets 37,268,045 34,511,244
CURRENT LIABILITIES    
Accounts Payable 949,970 1,273,490
Accrued Expenses and Other Current Liabilities 608,898 576,672
Notes Payable 864,315 487,140
Deferred Revenue 809,231 830,148
Total Current Liabilities 3,232,414 3,167,450
LONG TERM LIABILITIES    
Deferred Revenue, less current portion 183,448 143,587
Notes Payable, less current portion 481,354 572,434
Total Long Term Liabilities 664,802 716,021
Total Liabilities 3,897,216 3,883,471
STOCKHOLDERS' EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 10,751,881 shares issued and outstanding as of July 31, 2020 and 10,721,881 shares issued and outstanding as of October 31, 2019 10,753 10,723
Additional Paid-in Capital 59,954,600 59,521,665
Accumulated Other Comprehensive Loss (1,929,763) (2,135,408)
Accumulated Deficit (24,664,761) (26,769,207)
Total Stockholders' Equity 33,370,829 30,627,773
Total Liabilities and Stockholders' Equity $ 37,268,045 $ 34,511,244