Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Oct. 31, 2020
Oct. 31, 2019
CURRENT ASSETS    
Cash $ 15,134,289 $ 11,721,683
Accounts Receivable, net 2,014,660 4,431,971
Inventory 9,142,273 5,350,514
Unbilled Receivables 861,300 2,279,362
Other Current Assets 244,171 298,187
Prepaid Expenses 289,204 198,140
Total Current Assets 27,685,897 24,279,857
FIXED ASSETS    
Property and Equipment, net 6,059,900 5,986,812
OTHER ASSETS    
Goodwill and Other Intangibles, net 3,731,452 3,612,891
Deferred Tax Asset 561,902 631,684
Total Other Assets 4,293,354 4,244,575
Total Assets 38,039,151 34,511,244
CURRENT LIABILITIES    
Accounts Payable 1,284,097 1,273,490
Accrued Expenses and Other Current Liabilities 584,202 576,672
Notes Payable 509,769 487,140
Deferred Revenue 1,006,454 830,148
Total Current Liabilities 3,384,522 3,167,450
LONG TERM LIABILITIES    
Deferred Revenue, less current portion 195,022 143,587
Notes Payable, less current portion 63,339 572,434
Total Long Term Liabilities 258,361 716,021
Total Liabilities 3,642,883 3,883,471
STOCKHOLDERS' EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 10,751,881 and 10,721,881 shares issued and outstanding as of October 31, 2020 and 2019, respectively 10,753 10,723
Additional Paid-in Capital 60,132,415 59,521,665
Accumulated Other Comprehensive Loss (2,321,278) (2,135,408)
Accumulated Deficit (23,425,622) (26,769,207)
Total Stockholders' Equity 34,396,268 30,627,773
Total Liabilities and Stockholders' Equity $ 38,039,151 $ 34,511,244