Annual report pursuant to Section 13 and 15(d)

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details)

v3.22.0.1
SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Segment Reporting Information [Line Items]    
Revenues from External Customers $ 21,331,527 $ 20,043,810
Cost of Revenues 6,561,809 7,314,362
Gross Profit 14,769,718 12,729,448
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 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
Current Tax Benefit (Expense) (16,592) 50,663
Deferred Tax (Expense) Benefit (288,887) (108,885)
Total Income Tax Expense (305,479) (58,222)
NET INCOME 4,947,765 3,343,585
Total Assets 45,465,419 38,039,151
Total Liabilities 4,416,346 3,642,883
Revenues from Intercompany Sales - eliminated from sales above 5,900,995 4,051,523
Depreciation and Amortization 924,073 806,686
Purchases of Long-lived Assets 964,204 998,335
Corporate, Non-Segment [Member]    
Segment Reporting Information [Line Items]    
Revenues from External Customers
Cost of Revenues
Gross Profit
Research & Development 190,782
Selling, General & Administrative 2,409,695 1,696,783
Total Operating Expenses 2,409,695 1,887,565
INCOME FROM OPERATIONS (2,409,695) (1,887,565)
Other Income 1,635
Interest (Expense) (21,349) (43,919)
Total Other Income (19,714) (43,919)
INCOME BEFORE INCOME TAX EXPENSE (2,429,409) (1,931,484)
Current Tax Benefit (Expense) (12,927)
Deferred Tax (Expense) Benefit (279,754) (185,887)
Total Income Tax Expense (279,754) (198,814)
NET INCOME (2,709,163) (2,130,298)
Total Assets 716,230 1,491,201
Total Liabilities 400,041 749,558
Revenues from Intercompany Sales - eliminated from sales above 3,470,000 2,700,000
Depreciation and Amortization 29,617 22,462
Purchases of Long-lived Assets 118,302 167,323
Marine Technology Business Products [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Revenues from External Customers 15,804,222 11,278,181
Cost of Revenues 3,169,835 2,254,008
Gross Profit 12,634,387 9,024,173
Research & Development 2,509,107 1,955,364
Selling, General & Administrative 3,220,883 2,779,662
Total Operating Expenses 5,729,990 4,735,026
INCOME FROM OPERATIONS 6,904,397 4,289,147
Other Income 354,373 141,511
Interest (Expense) (12,588) (10,612)
Total Other Income 341,785 130,899
INCOME BEFORE INCOME TAX EXPENSE 7,246,182 4,420,046
Current Tax Benefit (Expense) 35,032 63,590
Deferred Tax (Expense) Benefit (418,338) (196,664)
Total Income Tax Expense (383,306) (133,074)
NET INCOME 6,862,876 4,286,972
Total Assets 30,631,442 22,200,123
Total Liabilities 3,166,999 1,572,314
Revenues from Intercompany Sales - eliminated from sales above 2,075,387 997,150
Depreciation and Amortization 780,434 678,449
Purchases of Long-lived Assets 793,995 811,352
Marine Engineering Business Services [Member] | Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Revenues from External Customers 5,527,305 8,765,629
Cost of Revenues 3,391,974 5,060,354
Gross Profit 2,135,331 3,705,275
Research & Development 473,569 1,042,243
Selling, General & Administrative 2,284,997 2,260,849
Total Operating Expenses 2,758,566 3,303,092
INCOME FROM OPERATIONS (623,235) 402,183
Other Income 1,079,374 526,734
Interest (Expense) (19,668) (15,672)
Total Other Income 1,059,706 511,062
INCOME BEFORE INCOME TAX EXPENSE 436,471 913,245
Current Tax Benefit (Expense) (51,624)
Deferred Tax (Expense) Benefit 409,205 273,666
Total Income Tax Expense 357,581 273,666
NET INCOME 794,052 1,186,911
Total Assets 14,117,747 14,347,827
Total Liabilities 849,306 1,321,011
Revenues from Intercompany Sales - eliminated from sales above 355,608 354,373
Depreciation and Amortization 114,022 105,775
Purchases of Long-lived Assets $ 51,907 $ 19,660