Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Income Statement [Abstract]    
Net Revenues $ 5,838,208 $ 5,050,459
Cost of Revenues 1,678,274 1,735,537
Gross Profit 4,159,934 3,314,922
OPERATING EXPENSES    
Research & Development 672,890 583,139
Selling, General & Administrative 2,111,112 1,813,366
Total Operating Expenses 2,784,002 2,396,505
INCOME FROM OPERATIONS 1,375,932 918,417
OTHER INCOME (EXPENSE)    
Other Income 79,994 92,025
Interest Expense (11,278) (14,514)
Total Other Income 68,716 77,511
INCOME BEFORE INCOME TAX EXPENSE 1,444,648 995,928
INCOME TAX (EXPENSE) BENEFIT    
Current Tax (Expense) Benefit (285,609) 24,725
Deferred Tax Benefit 58,209 108,191
Total Income Tax (Expense) Benefit (227,400) 132,916
NET INCOME $ 1,217,248 $ 1,128,844
NET INCOME PER SHARE:    
Basic $ 0.11 $ 0.10
Diluted $ 0.11 $ 0.10
WEIGHTED AVERAGE SHARES:    
Basic 10,857,195 10,751,881
Diluted 11,396,861 11,308,881
Foreign Currency Translation Adjustment $ 241,150 $ 925,613
Total Other Comprehensive Income 241,150 925,613
COMPREHENSIVE INCOME $ 1,458,398 $ 2,054,457