Annual report pursuant to Section 13 and 15(d)

Summary of Accounting Policies (Tables)

v3.8.0.1
Summary of Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2017
Accounting Policies [Abstract]  
Schedule of Components of Inventory

Inventory is stated at the lower of cost (weighted average method) or market. Inventory consisted of the following components:

 

    October 31,     October 31,  
    2017     2016  
             
Raw materials and parts   $ 2,651,511     $ 1,734,798  
Work in progress     501,692       88,682  
Demo goods     349,480       324,752  
Finished goods     149,566       450,693  
                 
Total Inventory   $ 3,652,249     $ 2,598,925  

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  
    Oct 31,     Oct 31,  
Fiscal Period   2017     2016  
Numerator:            
Net Income   $ 3,339,663     $ 4,930,548  
                 
Denominator:                
Basic weighted average common shares outstanding     9,111,356       8,282,988  
Conversion of Series C Preferred Stock     200,000       157,143  
Diluted outstanding shares     9,311,356       8,440,131  
Earnings from continuing operations                
                 
Basic   $ 0.37     $ 0.60  
Diluted   $ 0.36     $ 0.58