Annual report pursuant to Section 13 and 15(d)

Summary of Accounting Policies (Tables)

v3.19.3.a.u2
Summary of Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2019
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, 2019     October 31, 2018  
             
Raw materials and parts   $ 4,379,260     $ 2,887,505  
Work in progress     517,354       472,204  
Finished goods     453,900       463,534  
Total Inventory   $ 5,350,514     $ 3,823,243  

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  
Fiscal Period   Oct 31, 2019     Oct 31, 2018  
Numerator:                
Net Income (Loss)   $ 5,225,199     $ 4,988,531  
                 
Denominator:                
Basic weighted average common shares outstanding     10,680,007       10,093,538  
Earnings from continuing operations                
                 
Basic   $ 0.49     $ 0.49