Annual report pursuant to Section 13 and 15(d)

Summary of Accounting Policies (Tables)

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Summary of Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2018
Accounting Policies [Abstract]  
Schedule of Components of Inventory

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