Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Income Statement [Abstract]    
Net Revenues $ 21,331,527 $ 20,043,810
Cost of Revenues 6,561,809 7,314,362
Gross Profit 14,769,718 12,729,448
OPERATING EXPENSES    
Research & Development 2,982,676 3,188,389
Selling, General & Administrative 7,915,575 6,737,294
Total Operating Expenses 10,898,251 9,925,683
INCOME FROM OPERATIONS 3,871,467 2,803,765
OTHER INCOME    
Other Income 1,435,382 668,245
Interest Expense (53,605) (70,203)
Total Other Income 1,381,777 598,042
INCOME BEFORE INCOME TAX EXPENSE 5,253,244 3,401,807
INCOME TAX BENEFIT (EXPENSE)    
Current Tax (Expense) Benefit (16,592) 50,663
Deferred Tax Expense (288,887) (108,885)
Total Income Tax Expense (305,479) (58,222)
NET INCOME $ 4,947,765 $ 3,343,585
NET INCOME PER SHARE:    
Basic $ 0.46 $ 0.31
Diluted $ 0.44 $ 0.30
WEIGHTED AVERAGE SHARES:    
Basic 10,804,074 10,733,799
Diluted 11,309,740 11,294,799
Foreign Currency Translation Adjustment $ 654,219 $ (185,870)
Total Other Comprehensive Income (Loss) 654,219 (185,870)
COMPREHENSIVE INCOME $ 5,601,984 $ 3,157,715