Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,104,446 $ 4,988,194
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 643,335 594,606
Stock based compensation 432,965 334,089
Deferred tax asset 324,469 850,987
Loss on the sale of property and equipment 36,344
(Increase) decrease in operating assets:    
Accounts receivable 872,698 (525,168)
Inventory (3,526,960) (531,577)
Unbilled receivables 1,097,939 (1,300,494)
Other current assets 37,874 (270,171)
Prepaid expenses (77,957) (17,582)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (291,294) 543,483
Deferred revenue 18,944 381,494
Net Cash Provided by Operating Activities 1,636,459 5,084,205
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (782,350) (1,843,589)
Proceeds from sales of property and equipment 725,000
Purchases of other intangible assets (50,324) (34,303)
Net Cash Used in Investing Activities (832,674) (1,152,892)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of notes (362,776) (846,442)
Proceeds from notes 648,871
Disgorgement of stock sales 166,514
Issuance of common stock for cash 105,445
Net Cash Provided by (Used in) in Financing Activities 286,095 (574,483)
EFFECT OF CURRENCY EXCHANGE RATE ON CHANGES IN CASH 205,645 (1,065,479)
NET INCREASE IN CASH 1,295,525 2,291,351
CASH AT THE BEGINNING OF THE PERIOD 11,721,683 7,512,422
CASH AT THE END OF THE PERIOD 13,017,208 9,803,773
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 53,041 69,499
Cash paid for taxes $ 7,840