Annual report pursuant to Section 13 and 15(d)

Summary of Accounting Policies (Tables)

Summary of Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2018

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

	October 31, 2018		October 31, 2017

Raw materials and parts	$	2,887,505	$	2,651,511
Work in progress		472,204		501,692
Demo goods		-		349,480
Finished goods		463,534		149,566
Total Inventory	$	3,823,243	$	3,652,249

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 Ended		Year Ended
Fiscal Period	October 31, 2018		October 31, 2017
Numerator:
Net Income	$	4,988,531	$	3,339,663

Denominator:
Basic weighted average common shares outstanding		10,093,538		9,111,356
Conversion of Series C Preferred Stock		-		200,000
Diluted outstanding shares		10,093,538		9,311,356
Earnings from continuing operations

Basic	$	0.49	$	0.37
Diluted	$	0.49	$	0.36