Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jul. 31, 2021
Oct. 31, 2020
CURRENT ASSETS    
Cash $ 19,159,905 $ 15,134,289
Accounts Receivable, net 2,206,428 2,014,660
Inventory 10,830,818 9,142,273
Unbilled Receivables 1,167,561 861,300
Prepaid Expenses 228,281 289,204
Other Current Assets 556,212 244,171
Total Current Assets 34,149,205 27,685,897
FIXED ASSETS    
Property and Equipment, net 6,032,607 6,059,900
OTHER ASSETS    
Goodwill and Other Intangibles, net 3,769,862 3,731,452
Deferred Tax Asset 411,545 561,902
Total Other Assets 4,181,407 4,293,354
Total Assets 44,363,219 38,039,151
CURRENT LIABILITIES    
Accounts Payable 955,883 1,284,097
Accrued Expenses and Other Current Liabilities 532,864 584,202
Note Payable 193,345 509,769
Deferred Revenue 1,520,871 1,006,454
Total Current Liabilities 3,202,963 3,384,522
LONG TERM LIABILITIES    
Deferred Revenue, less current portion 181,248 195,022
Note Payable, less current portion 63,339
Total Long Term Liabilities 181,248 258,361
Total Liabilities 3,384,211 3,642,883
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 10,857,195 shares issued and outstanding as of July 31, 2021 and 10,751,881 shares issued and outstanding as of October 31, 2020, respectively 10,858 10,753
Additional Paid-in Capital 60,893,543 60,132,415
Accumulated Other Comprehensive Loss (1,357,634) (2,321,278)
Accumulated Deficit (18,567,759) (23,425,622)
Total Stockholders’ Equity 40,979,008 34,396,268
Total Liabilities and Stockholders’ Equity $ 44,363,219 $ 38,039,151