Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Income Statement [Abstract]        
Net Revenues $ 5,043,590 $ 4,278,660 $ 15,680,551 $ 14,800,474
Cost of Revenues 1,982,761 1,432,673 5,979,746 6,210,673
Gross Profit 3,060,829 2,845,987 9,700,805 8,589,801
OPERATING EXPENSES        
Research & Development 200,118 292,855 699,106 708,146
Selling, General & Administrative 1,717,264 1,284,916 4,741,968 4,448,009
Total Operating Expenses 1,917,382 1,577,771 5,441,074 5,156,155
INCOME FROM OPERATIONS 1,143,447 1,268,216 4,259,731 3,433,646
OTHER INCOME (EXPENSE)        
Other Income 89,931 50,115 204,914 155,777
Interest Expense (112,089) (217,471) (496,430) (616,509)
Total Other Income (Expense) (22,158) (167,356) (291,516) (460,732)
NET INCOME BEFORE INCOME TAXES 1,121,289 1,100,860 3,968,215 2,972,914
INCOME TAX BENEFIT 3,513 3,513
NET INCOME $ 1,124,802 $ 1,100,860 $ 3,971,728 $ 2,972,914
NET INCOME PER SHARE:        
Basic $ 0.12 $ 0.16 $ 0.44 $ 0.44
Diluted $ 0.12 $ 0.12 $ 0.43 $ 0.33
WEIGHTED AVERAGE SHARES:        
Basic 9,110,674 6,741,330 9,104,890 6,741,330
Diluted 9,310,674 8,941,330 9,304,890 8,941,330
NET INCOME $ 1,124,802 $ 1,100,860 $ 3,971,728 $ 2,972,914
Other Comprehensive Income (Loss):        
Foreign currency translation adjustment 13,307 (1,107,355) 781,194 (1,879,556)
Total Other Comprehensive Income (Loss) 13,307 (1,107,355) 781,194 (1,879,556)
COMPREHENSIVE INCOME (LOSS) $ 1,138,109 $ (6,495) $ 4,752,922 $ 1,093,358