Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,225,199 $ 4,988,531
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 833,775 774,743
Stock compensation 650,409 448,499
Loss (Gain) on the sale of property and equipment 9,215 (16,335)
(Increase) decrease in operating assets:    
Accounts receivable (1,105,348) (1,908,509)
Inventory (1,527,271) (349,823)
Unbilled receivables 733,754 (289,944)
Other current assets 101,488 101,390
Prepaid expenses 29,339 64,144
Deferred tax asset 1,122,485 (1,754,169)
(Decrease) Increase in operating liabilities:    
Accounts payable and other current liabilities (3,691) 172,400
Deferred revenue 321,915 199,722
Net Cash Provided by Operating Activities 6,391,269 2,430,649
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,263,007) (565,290)
Purchases of other intangible assets (38,628) (71,862)
Proceeds from the sale of property and equipment 719,077
Net Cash used in Investing Activities (1,582,558) (637,152)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments - loans and notes payable (964,665) (6,255,114)
Disgorgement of stock sales 166,514
Issuance of common stock for cash 105,446 5,312,732
Net Cash Used in Financing Activities (692,705) (942,382)
EFFECT OF CURRENCY EXCHANGE RATE ON CHANGES IN CASH 93,255 (190,232)
NET INCREASE IN CASH 4,209,261 660,883
CASH AT THE BEGINNING OF THE YEAR 7,512,422 6,851,539
CASH AT THE END OF THE YEAR 11,721,683 7,512,422
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 91,097 291,802
Cash paid for taxes 7,840 27,192
Non-cash Transactions    
Transfer of Demo assets from inventory to property and equipment 178,829
Common stock issued for redemption of Series C preferred stock $ 1,000,000