Annual report pursuant to Section 13 and 15(d)

Segment Analysis - Schedule of Segment Reporting Information (Details)

v3.10.0.1
Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($)
12 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Revenues from External Customers $ 18,019,429 $ 18,025,173
Cost of Revenues 5,357,067 6,057,448
Gross Profit 12,662,362 11,967,725
Research & Development 2,571,714 1,380,381
Selling, General & Administrative 6,779,881 6,769,327
Total Operating Expenses 9,351,595 8,149,708
Income (Loss) from Operations 3,310,767 3,818,017
Other Income 41,222 121,278
Interest (Expense) Income (249,090) (597,011)
Total Other Income (Expense) (207,868) (475,733)
Net Income (Loss) before income taxes 3,102,899 3,342,284
Current income benefit (expense) 131,463 (2,621)
Deferred tax benefit 1,754,169
Income benefit (expense) 1,885,632 (2,621)
Net Income (Loss) 4,988,531 3,339,663
Total Assets 28,736,611 24,060,073
Total Liabilities 4,349,661 10,232,653
Revenues from Intercompany Sales - eliminated from sales above 4,713,825 4,079,932
Depreciation and Amortization 758,408 953,626
Purchases of Long-lived Assets 637,152 2,561,551
USA [Member]    
Revenues from External Customers 7,617,891 7,499,900
Europe [Member]    
Revenues from External Customers 10,029,806 9,056,589
Australia [Member]    
Revenues from External Customers 371,732 1,468,684
Marine Technology Business (Products) [Member]    
Revenues from External Customers 11,449,416 10,986,268
Cost of Revenues 1,894,808 2,246,881
Gross Profit 9,554,608 8,739,387
Research & Development 2,048,285 919,863
Selling, General & Administrative 2,882,049 3,220,635
Total Operating Expenses 4,930,334 4,140,498
Income (Loss) from Operations 4,624,274 4,598,889
Other Income 39,122 117,106
Interest (Expense) Income (12,154) (709,763)
Total Other Income (Expense) 26,968 (592,657)
Net Income (Loss) before income taxes 4,651,242 4,006,233
Current income benefit (expense) 133,419  
Deferred tax benefit  
Income benefit (expense) 133,419 22,578
Net Income (Loss) 4,784,661 4,028,810
Total Assets 15,061,693 12,374,214
Total Liabilities 1,142,661 1,109,003
Revenues from Intercompany Sales - eliminated from sales above 1,176,438 1,895,015
Depreciation and Amortization 461,429 528,667
Purchases of Long-lived Assets 499,262 2,419,093
Marine Engineering Business (Services) [Member]    
Revenues from External Customers 6,570,013 7,038,905
Cost of Revenues 3,462,259 3,810,567
Gross Profit 3,107,754 3,228,338
Research & Development 523,429 460,518
Selling, General & Administrative 2,366,226 2,714,054
Total Operating Expenses 2,889,655 3,174,572
Income (Loss) from Operations 218,099 53,766
Other Income 2,100 4,172
Interest (Expense) Income (59,599) (56,697)
Total Other Income (Expense) (57,499) (52,525)
Net Income (Loss) before income taxes 160,600 1,241
Current income benefit (expense)  
Deferred tax benefit  
Income benefit (expense)
Net Income (Loss) 160,600 1,241
Total Assets 11,674,640 11,479,953
Total Liabilities 1,498,828 1,475,442
Revenues from Intercompany Sales - eliminated from sales above 437,387 387,142
Depreciation and Amortization 282,836 412,220
Purchases of Long-lived Assets 61,329 129,989
Overhead [Member]    
Revenues from External Customers
Cost of Revenues
Gross Profit
Research & Development
Selling, General & Administrative 1,531,606 834,638
Total Operating Expenses 1,531,606 834,638
Income (Loss) from Operations (1,531,606) (834,638)
Other Income
Interest (Expense) Income (177,337) 169,449
Total Other Income (Expense) (177,337) 169,449
Net Income (Loss) before income taxes (1,708,943) (665,189)
Current income benefit (expense) (1,956)  
Deferred tax benefit 1,754,169  
Income benefit (expense) 1,752,213 (25,199)
Net Income (Loss) 43,270 (690,388)
Total Assets 2,000,278 205,906
Total Liabilities 1,708,172 7,648,208
Revenues from Intercompany Sales - eliminated from sales above 3,100,000 1,797,775
Depreciation and Amortization 14,143 12,739
Purchases of Long-lived Assets $ 76,561 $ 12,470