Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Oct. 31, 2021
Oct. 31, 2020
CURRENT ASSETS    
Cash $ 17,747,656 $ 15,134,289
Accounts Receivable, net 4,207,996 2,014,660
Inventory 10,691,177 9,142,273
Unbilled Receivables 1,080,384 861,300
Prepaid Expenses 1,202,327 289,204
Other Current Assets 627,619 244,171
Total Current Assets 35,557,159 27,685,897
FIXED ASSETS    
Property and Equipment, net 6,037,101 6,059,900
OTHER ASSETS    
Goodwill and Other Intangibles, net 3,794,383 3,731,452
Deferred Tax Asset 76,776 561,902
Total Other Assets 3,871,159 4,293,354
Total Assets 45,465,419 38,039,151
CURRENT LIABILITIES    
Accounts Payable 1,454,611 1,284,097
Accrued Expenses and Other Current Liabilities 740,449 584,202
Note Payable 63,559 509,769
Deferred Revenue 1,999,841 1,006,454
Total Current Liabilities 4,258,460 3,384,522
LONG TERM LIABILITIES    
Deferred Revenue, less current portion 157,886 195,022
Note Payable, less current portion 63,339
Total Long Term Liabilities 157,886 258,361
Total Liabilities 4,416,346 3,642,883
STOCKHOLDERS’ EQUITY    
Common Stock, $.001 par value; 150,000,000 shares authorized, 10,857,195 shares issued and outstanding as of October 31, 2021, and 10,751,881 shares issued and outstanding as of October 31, 2020, respectively 10,858 10,753
Additional Paid-in Capital 61,183,131 60,132,415
Accumulated Other Comprehensive Loss (1,667,059) (2,321,278)
Accumulated Deficit (18,477,857) (23,425,622)
Total Stockholders’ Equity 41,049,073 34,396,268
Total Liabilities and Stockholders’ Equity $ 45,465,419 $ 38,039,151