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 nine months ended July 31,
2020 and 2019 respectively:
|
|
Marine
Technology
Business
(Products) |
|
|
Marine
Engineering
Business
(Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
- |
|
|
$ |
5,396,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
653,117 |
|
|
|
1,123,751 |
|
|
|
- |
|
|
|
1,776,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,399,953 |
|
|
|
1,219,215 |
|
|
|
- |
|
|
|
3,619,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
394,332 |
|
|
|
352,625 |
|
|
|
25,684 |
|
|
|
772,641 |
|
Selling, General & Administrative |
|
|
496,772 |
|
|
|
515,547 |
|
|
|
513,150 |
|
|
|
1,525,469 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
891,104 |
|
|
|
868,172 |
|
|
|
538,834 |
|
|
|
2,298,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,508,849 |
|
|
|
351,043 |
|
|
|
(538,834 |
) |
|
|
1,321,058 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Expense) Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
3,745 |
|
|
|
126 |
|
|
|
- |
|
|
|
3,871 |
|
Interest Expense |
|
|
(1,718 |
) |
|
|
(4,672 |
) |
|
|
(10,190 |
) |
|
|
(16,580 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
2,027 |
|
|
|
(4,546 |
) |
|
|
(10,190 |
) |
|
|
(12,709 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
1,510,876 |
|
|
|
346,497 |
|
|
|
(549,024 |
) |
|
|
1,308,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax (Expense) Benefit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit (Expense) |
|
|
5,532 |
|
|
|
- |
|
|
|
(3,948 |
) |
|
|
1,584 |
|
Deferred Tax (Expense) Benefit |
|
|
(236,356 |
) |
|
|
15,155 |
|
|
|
(65,979 |
) |
|
|
(287,180 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(230,824 |
) |
|
|
15,155 |
|
|
|
(69,927 |
) |
|
|
(285,596 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,280,052 |
|
|
$ |
361,652 |
|
|
$ |
(618,951 |
) |
|
$ |
1,022,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
22,149,613 |
|
|
$ |
14,439,917 |
|
|
$ |
678,515 |
|
|
$ |
37,268,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,737,007 |
|
|
$ |
1,392,816 |
|
|
$ |
767,393 |
|
|
$ |
3,897,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
498,312 |
|
|
$ |
8,976 |
|
|
$ |
1,350,000 |
|
|
$ |
1,857,288 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
261,975 |
|
|
$ |
43,263 |
|
|
$ |
4,677 |
|
|
$ |
309,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Sales) Purchases of Long-lived Assets |
|
$ |
317,892 |
|
|
$ |
23,288 |
|
|
$ |
- |
|
|
$ |
341,180 |
|
|
|
Marine
Technology
Business
(Products) |
|
|
Marine
Engineering
Business
(Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
3,231,510 |
|
|
$ |
3,436,988 |
|
|
$ |
- |
|
|
$ |
6,668,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
592,585 |
|
|
|
1,528,095 |
|
|
|
- |
|
|
|
2,120,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
2,638,925 |
|
|
|
1,908,893 |
|
|
|
- |
|
|
|
4,547,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
503,540 |
|
|
|
32,991 |
|
|
|
95,159 |
|
|
|
631,690 |
|
Selling, General & Administrative |
|
|
590,981 |
|
|
|
659,398 |
|
|
|
525,530 |
|
|
|
1,775,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
1,094,521 |
|
|
|
692,389 |
|
|
|
620,689 |
|
|
|
2,407,599 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
1,544,404 |
|
|
|
1,216,504 |
|
|
|
(620,689 |
) |
|
|
2,140,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
6,398 |
|
|
|
- |
|
|
|
- |
|
|
|
6,398 |
|
Interest Expense |
|
|
(2,197 |
) |
|
|
(2,150 |
) |
|
|
(15,928 |
) |
|
|
(20,275 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
4,201 |
|
|
|
(2,150 |
) |
|
|
(15,928 |
) |
|
|
(13,877 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
1,548,605 |
|
|
|
1,214,354 |
|
|
|
(636,617 |
) |
|
|
2,126,342 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax (Expense) Benefit |
|
|
(5,172 |
) |
|
|
4,460 |
|
|
|
674 |
|
|
|
(38 |
) |
Deferred Tax Expense |
|
|
(47,768 |
) |
|
|
(214,144 |
) |
|
|
(88,705 |
) |
|
|
(350,617 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax Expense |
|
|
(52,940 |
) |
|
|
(209,684 |
) |
|
|
(88,031 |
) |
|
|
(350,655 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,495,665 |
|
|
$ |
1,004,670 |
|
|
$ |
(724,648 |
) |
|
$ |
1,775,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
18,200,970 |
|
|
$ |
13,876,685 |
|
|
$ |
1,266,254 |
|
|
$ |
33,343,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,169,195 |
|
|
$ |
870,492 |
|
|
$ |
1,388,509 |
|
|
$ |
4,428,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
136,128 |
|
|
$ |
75,729 |
|
|
$ |
675,000 |
|
|
$ |
888,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
132,392 |
|
|
$ |
63,724 |
|
|
$ |
4,078 |
|
|
$ |
200,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Sales) Purchases of Long-lived Assets |
|
$ |
(262,062 |
) |
|
$ |
5,937 |
|
|
$ |
34,303 |
|
|
$ |
(221,822 |
) |
|
|
Marine
Technology
Business
(Products) |
|
|
Marine
Engineering
Business
(Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
- |
|
|
$ |
15,366,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,715,647 |
|
|
|
3,831,564 |
|
|
|
- |
|
|
|
5,547,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
6,661,434 |
|
|
|
3,157,588 |
|
|
|
- |
|
|
|
9,819,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
1,393,757 |
|
|
|
830,008 |
|
|
|
190,782 |
|
|
|
2,414,547 |
|
Selling, General & Administrative |
|
|
2,056,947 |
|
|
|
1,678,882 |
|
|
|
1,214,528 |
|
|
|
4,950,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
3,450,704 |
|
|
|
2,508,890 |
|
|
|
1,405,310 |
|
|
|
7,364,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
3,210,730 |
|
|
|
648,698 |
|
|
|
(1,405,310 |
) |
|
|
2,454,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
16,242 |
|
|
|
142 |
|
|
|
- |
|
|
|
16,384 |
|
Interest Expense |
|
|
(7,345 |
) |
|
|
(12,313 |
) |
|
|
(34,992 |
) |
|
|
(54,650 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
8,897 |
|
|
|
(12,171 |
) |
|
|
(34,992 |
) |
|
|
(38,266 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
3,219,627 |
|
|
|
636,527 |
|
|
|
(1,440,302 |
) |
|
|
2,415,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Benefit (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit (Expense) |
|
|
24,968 |
|
|
|
- |
|
|
|
(11,905 |
) |
|
|
13,063 |
|
Deferred Tax (Expense) Benefit |
|
|
(315,849 |
) |
|
|
145,713 |
|
|
|
(154,333 |
) |
|
|
(324,469 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax (Expense) Benefit |
|
|
(290,881 |
) |
|
|
145,713 |
|
|
|
(166,238 |
) |
|
|
(311,406 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
2,928,746 |
|
|
$ |
782,240 |
|
|
$ |
(1,606,540 |
) |
|
$ |
2,104,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
22,149,613 |
|
|
$ |
14,439,917 |
|
|
$ |
678,515 |
|
|
$ |
37,268,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
1,737,007 |
|
|
$ |
1,392,816 |
|
|
$ |
767,393 |
|
|
$ |
3,897,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
801,134 |
|
|
$ |
109,505 |
|
|
$ |
2,025,000 |
|
|
$ |
2,935,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
539,567 |
|
|
$ |
89,688 |
|
|
$ |
14,080 |
|
|
$ |
643,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
758,619 |
|
|
$ |
24,440 |
|
|
$ |
48,519 |
|
|
$ |
831,578 |
|
|
|
Marine
Technology
Business
(Products) |
|
|
Marine
Engineering
Business
(Services) |
|
|
Overhead |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended July 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from External Customers |
|
$ |
9,481,229 |
|
|
$ |
9,729,049 |
|
|
$ |
- |
|
|
$ |
19,210,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenues |
|
|
1,798,800 |
|
|
|
4,605,926 |
|
|
|
- |
|
|
|
6,404,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
7,682,429 |
|
|
|
5,123,123 |
|
|
|
- |
|
|
|
12,805,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Development |
|
|
1,533,544 |
|
|
|
130,205 |
|
|
|
284,494 |
|
|
|
1,948,243 |
|
Selling, General & Administrative |
|
|
2,089,442 |
|
|
|
1,864,503 |
|
|
|
1,137,921 |
|
|
|
5,091,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
3,622,986 |
|
|
|
1,994,708 |
|
|
|
1,422,415 |
|
|
|
7,040,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Operations |
|
|
4,059,443 |
|
|
|
3,128,415 |
|
|
|
(1,422,415 |
) |
|
|
5,765,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
65,467 |
|
|
|
- |
|
|
|
- |
|
|
|
65,467 |
|
Interest Expense |
|
|
(8,063 |
) |
|
|
(11,849 |
) |
|
|
(49,771 |
) |
|
|
(69,683 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income (Expense) |
|
|
57,404 |
|
|
|
(11,849 |
) |
|
|
(49,771 |
) |
|
|
(4,216 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) before Income Taxes |
|
|
4,116,847 |
|
|
|
3,116,566 |
|
|
|
(1,472,186 |
) |
|
|
5,761,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Tax Benefit |
|
|
20,496 |
|
|
|
39,445 |
|
|
|
18,013 |
|
|
|
77,954 |
|
Deferred Tax Expense |
|
|
(199,073 |
) |
|
|
(447,540 |
) |
|
|
(204,374 |
) |
|
|
(850,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Income Tax Expense |
|
|
(178,577 |
) |
|
|
(408,095 |
) |
|
|
(186,361 |
) |
|
|
(773,033 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
3,938,270 |
|
|
$ |
2,708,471 |
|
|
$ |
(1,658,547 |
) |
|
$ |
4,988,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
$ |
18,200,970 |
|
|
$ |
13,876,685 |
|
|
$ |
1,266,254 |
|
|
$ |
33,343,909 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
$ |
2,169,195 |
|
|
$ |
870,492 |
|
|
$ |
1,388,509 |
|
|
$ |
4,428,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues from Intercompany Sales - eliminated from sales above |
|
$ |
1,044,595 |
|
|
$ |
304,658 |
|
|
$ |
2,025,000 |
|
|
$ |
3,374,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
$ |
391,516 |
|
|
$ |
191,402 |
|
|
$ |
11,688 |
|
|
$ |
594,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases of Long-lived Assets |
|
$ |
1,803,206 |
|
|
$ |
40,383 |
|
|
$ |
34,303 |
|
|
$ |
1,877,892 |
|
|
Schedule of Disaggregate of Revenue from Contracts for Sale with Customers by Geographic Location |
|
For the Three Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
426,319 |
|
|
$ |
- |
|
|
$ |
426,319 |
|
|
Equipment Rentals |
|
|
37,334 |
|
|
|
- |
|
|
|
37,334 |
|
|
Software Sales |
|
|
28,385 |
|
|
|
- |
|
|
|
28,385 |
|
|
Engineering Parts |
|
|
- |
|
|
|
1,466,742 |
|
|
|
1,466,742 |
|
|
Services |
|
|
579,855 |
|
|
|
286,920 |
|
|
|
866,775 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
71,239 |
|
|
|
160,537 |
|
|
|
231,776 |
|
|
Equipment Rentals |
|
|
81,766 |
|
|
|
- |
|
|
|
81,766 |
|
|
Software Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Engineering Parts |
|
|
- |
|
|
|
428,767 |
|
|
|
428,767 |
|
|
Services |
|
|
87,122 |
|
|
|
- |
|
|
|
87,122 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
1,538,202 |
|
|
|
- |
|
|
|
1,538,202 |
|
|
Equipment Rentals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Software Sales |
|
|
62,155 |
|
|
|
- |
|
|
|
62,155 |
|
|
Services |
|
|
118,287 |
|
|
|
- |
|
|
|
118,287 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Equipment Rentals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Software Sales |
|
|
22,406 |
|
|
|
- |
|
|
|
22,406 |
|
|
Services |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
|
|
For the Three Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
1,071,893 |
|
|
$ |
1,753,662 |
|
|
$ |
2,825,555 |
|
|
Europe |
|
|
240,127 |
|
|
|
589,304 |
|
|
|
829,431 |
|
|
Australia/Asia |
|
|
1,718,644 |
|
|
|
- |
|
|
|
1,718,644 |
|
|
Middle East & Africa |
|
|
22,406 |
|
|
|
- |
|
|
|
22,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
|
|
For the Three Months Ended July 31, 2020 |
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
2,058,166 |
|
|
$ |
160,537 |
|
|
$ |
2,218,703 |
|
|
Equipment Rentals |
|
|
119,100 |
|
|
|
- |
|
|
|
119,100 |
|
|
Software Sales |
|
|
90,540 |
|
|
|
- |
|
|
|
90,540 |
|
|
Engineering Parts |
|
|
- |
|
|
|
1,895,509 |
|
|
|
1,895,509 |
|
|
Services |
|
|
785,264 |
|
|
|
286,920 |
|
|
|
1,072,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,053,070 |
|
|
$ |
2,342,966 |
|
|
$ |
5,396,036 |
|
|
|
For the Three Months Ended July 31, 2019 |
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
493,261 |
|
|
$ |
- |
|
|
$ |
493,261 |
|
|
Equipment Rentals |
|
|
221,567 |
|
|
|
- |
|
|
|
221,567 |
|
|
Software Sales |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Engineering Parts |
|
|
- |
|
|
|
2,259,717 |
|
|
|
2,259,717 |
|
|
Services |
|
|
95,698 |
|
|
|
767,024 |
|
|
|
862,722 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
418,557 |
|
|
|
3,235 |
|
|
|
421,792 |
|
|
Equipment Rentals |
|
|
322,887 |
|
|
|
- |
|
|
|
322,887 |
|
|
Software Sales |
|
|
19,259 |
|
|
|
- |
|
|
|
19,259 |
|
|
Engineering Parts |
|
|
- |
|
|
|
347,459 |
|
|
|
347,459 |
|
|
Services |
|
|
150,216 |
|
|
|
59,553 |
|
|
|
209,769 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
648,640 |
|
|
|
- |
|
|
|
648,640 |
|
|
Equipment Rentals |
|
|
260,474 |
|
|
|
- |
|
|
|
260,474 |
|
|
Software Sales |
|
|
81,541 |
|
|
|
- |
|
|
|
81,541 |
|
|
Services |
|
|
204,273 |
|
|
|
- |
|
|
|
204,273 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
290,386 |
|
|
|
- |
|
|
|
290,386 |
|
|
Equipment Rentals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Software Sales |
|
|
21,261 |
|
|
|
- |
|
|
|
21,261 |
|
|
Services |
|
|
3,490 |
|
|
|
- |
|
|
|
3,490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,231,510 |
|
|
$ |
3,436,988 |
|
|
$ |
6,668,498 |
|
|
|
For the Three Months Ended July 31, 2019 |
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
810,526 |
|
|
$ |
3,026,741 |
|
|
$ |
3,837,267 |
|
|
Europe |
|
|
910,919 |
|
|
|
410,247 |
|
|
|
1,321,166 |
|
|
Australia/Asia |
|
|
1,194,928 |
|
|
|
- |
|
|
|
1,194,928 |
|
|
Middle East & Africa |
|
|
315,137 |
|
|
|
- |
|
|
|
315,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,231,510 |
|
|
$ |
3,436,988 |
|
|
$ |
6,668,498 |
|
|
|
For the Three Months Ended July 31, 2019 |
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
1,850,844 |
|
|
$ |
3,235 |
|
|
$ |
1,854,079 |
|
|
Equipment Rentals |
|
|
804,928 |
|
|
|
- |
|
|
|
804,928 |
|
|
Software Sales |
|
|
122,061 |
|
|
|
- |
|
|
|
122,061 |
|
|
Engineering Parts |
|
|
- |
|
|
|
2,607,176 |
|
|
|
2,607,176 |
|
|
Services |
|
|
453,677 |
|
|
|
826,577 |
|
|
|
1,280,254 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
3,231,510 |
|
|
$ |
3,436,988 |
|
|
$ |
6,668,498 |
|
|
|
For the Nine Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
847,494 |
|
|
$ |
- |
|
|
$ |
847,494 |
|
|
Equipment Rentals |
|
|
118,672 |
|
|
|
- |
|
|
|
118,672 |
|
|
Software Sales |
|
|
35,635 |
|
|
|
- |
|
|
|
35,635 |
|
|
Engineering Parts |
|
|
- |
|
|
|
3,960,340 |
|
|
|
3,960,340 |
|
|
Services |
|
|
1,125,062 |
|
|
|
939,336 |
|
|
|
2,064,398 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
478,949 |
|
|
|
160,537 |
|
|
|
639,486 |
|
|
Equipment Rentals |
|
|
427,249 |
|
|
|
- |
|
|
|
427,249 |
|
|
Software Sales |
|
|
109,681 |
|
|
|
- |
|
|
|
109,681 |
|
|
Engineering Parts |
|
|
- |
|
|
|
1,923,532 |
|
|
|
1,923,532 |
|
|
Services |
|
|
363,255 |
|
|
|
5,407 |
|
|
|
368,662 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
3,876,850 |
|
|
|
- |
|
|
|
3,876,850 |
|
|
Equipment Rentals |
|
|
401,151 |
|
|
|
- |
|
|
|
401,151 |
|
|
Software Sales |
|
|
190,745 |
|
|
|
- |
|
|
|
190,745 |
|
|
Services |
|
|
291,644 |
|
|
|
- |
|
|
|
291,644 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
38,244 |
|
|
|
- |
|
|
|
38,244 |
|
|
Equipment Rentals |
|
|
592 |
|
|
|
- |
|
|
|
592 |
|
|
Software Sales |
|
|
22,406 |
|
|
|
- |
|
|
|
22,406 |
|
|
Services |
|
|
49,452 |
|
|
|
- |
|
|
|
49,452 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|
|
For the Nine Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
2,126,863 |
|
|
$ |
4,899,676 |
|
|
$ |
7,026,539 |
|
|
Europe |
|
|
1,379,134 |
|
|
|
2,089,476 |
|
|
|
3,468,610 |
|
|
Australia/Asia |
|
|
4,760,390 |
|
|
|
- |
|
|
|
4,760,390 |
|
|
Middle East & Africa |
|
|
110,694 |
|
|
|
- |
|
|
|
110,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|
|
For the Nine Months Ended July 31, 2020 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
5,241,537 |
|
|
$ |
160,537 |
|
|
$ |
5,402,074 |
|
|
Equipment Rentals |
|
|
947,664 |
|
|
|
- |
|
|
|
947,664 |
|
|
Software Sales |
|
|
358,467 |
|
|
|
- |
|
|
|
358,467 |
|
|
Engineering Parts |
|
|
- |
|
|
|
5,883,872 |
|
|
|
5,883,872 |
|
|
Services |
|
|
1,829,413 |
|
|
|
944,743 |
|
|
|
2,774,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
8,377,081 |
|
|
$ |
6,989,152 |
|
|
$ |
15,366,233 |
|
|
|
For the Nine Months Ended July 31, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Disaggregation of Total Net Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
560,339 |
|
|
$ |
57,545 |
|
|
$ |
617,884 |
|
|
Equipment Rentals |
|
|
446,594 |
|
|
|
- |
|
|
|
446,594 |
|
|
Software Sales |
|
|
7,250 |
|
|
|
- |
|
|
|
7,250 |
|
|
Engineering Parts |
|
|
- |
|
|
|
6,827,221 |
|
|
|
6,827,221 |
|
|
Services |
|
|
915,837 |
|
|
|
1,646,694 |
|
|
|
2,562,531 |
|
Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
1,189,162 |
|
|
|
114,214 |
|
|
|
1,303,376 |
|
|
Equipment Rentals |
|
|
974,394 |
|
|
|
- |
|
|
|
974,394 |
|
|
Software Sales |
|
|
167,903 |
|
|
|
- |
|
|
|
167,903 |
|
|
Engineering Parts |
|
|
- |
|
|
|
1,023,822 |
|
|
|
1,023,822 |
|
|
Services |
|
|
628,235 |
|
|
|
59,553 |
|
|
|
687,788 |
|
Australia/Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
2,707,978 |
|
|
|
- |
|
|
|
2,707,978 |
|
|
Equipment Rentals |
|
|
518,392 |
|
|
|
- |
|
|
|
518,392 |
|
|
Software Sales |
|
|
283,419 |
|
|
|
- |
|
|
|
283,419 |
|
|
Services |
|
|
543,314 |
|
|
|
- |
|
|
|
543,314 |
|
Middle East & Africa |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
|
300,859 |
|
|
|
- |
|
|
|
300,859 |
|
|
Equipment Rentals |
|
|
36,130 |
|
|
|
- |
|
|
|
36,130 |
|
|
Software Sales |
|
|
58,826 |
|
|
|
- |
|
|
|
58,826 |
|
|
Services |
|
|
142,597 |
|
|
|
- |
|
|
|
142,597 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
9,481,229 |
|
|
$ |
9,729,049 |
|
|
$ |
19,210,278 |
|
|
|
For the Nine Months Ended July 31, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Geographic Area |
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas |
|
$ |
1,930,020 |
|
|
$ |
8,531,460 |
|
|
$ |
10,461,480 |
|
|
Europe |
|
|
2,959,694 |
|
|
|
1,197,589 |
|
|
|
4,157,283 |
|
|
Australia/Asia |
|
|
4,053,103 |
|
|
|
- |
|
|
|
4,053,103 |
|
|
Middle East & Africa |
|
|
538,412 |
|
|
|
- |
|
|
|
538,412 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
9,481,229 |
|
|
$ |
9,729,049 |
|
|
$ |
19,210,278 |
|
|
|
For the Nine Months Ended July 31, 2019 |
|
|
|
Marine |
|
|
Marine |
|
|
|
|
|
|
Technology |
|
|
Engineering |
|
|
Grand |
|
|
|
Business |
|
|
Business |
|
|
Total |
|
Total Net Sales by Product Line |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equipment Sales |
|
$ |
4,758,338 |
|
|
$ |
171,759 |
|
|
$ |
4,930,097 |
|
|
Equipment Rentals |
|
|
1,975,510 |
|
|
|
- |
|
|
|
1,975,510 |
|
|
Software Sales |
|
|
517,398 |
|
|
|
- |
|
|
|
517,398 |
|
|
Engineering Parts |
|
|
- |
|
|
|
7,851,043 |
|
|
|
7,851,043 |
|
|
Services |
|
|
2,229,983 |
|
|
|
1,706,247 |
|
|
|
3,936,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Sales |
|
$ |
9,481,229 |
|
|
$ |
9,729,049 |
|
|
$ |
19,210,278 |
|
|