Annual report pursuant to Section 13 and 15(d)

Summary of Accounting Policies (Tables)

v3.20.4
Summary of Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2020
Accounting Policies [Abstract]  
Schedule of Components of Inventory

Inventory is stated at the lower of cost (Weighted Average method) or net realizable value. Inventory consisted of the following components:

 

    October 31, 2020     October 31, 2019  
Inventory                
Raw materials and parts   $ 7,322,688     $ 4,379,260  
Work in progress     698,756       517,354  
Finished goods     1,120,829       453,900  
Total Inventory   $ 9,142,273     $ 5,350,514  
Schedule of Earnings Per Share Basic and Diluted

Following is a reconciliation of earnings from continuing operations and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share:

 

    Year     Year  
    Ended     Ended  
    October 31,     October 31,  
Fiscal Period   2020     2019  
Numerator:                
Net Income (Loss)   $ 3,343,585     $ 5,225,199  
                 
Denominator:                
Basic weighted average common shares outstanding     10,733,799       10,680,007  
Options issued     561,000       -  
Diluted outstanding shares     11,294,799       10,680,007  

 

Earnings (Loss) from continuing operations            
             
Basic   $ 0.31     $ 0.49  
Diluted   $ 0.30     $ 0.49