Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,217,248 $ 1,128,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 161,466 366,183
Stock based compensation 325,175 174,447
Deferred income taxes (9,750) (108,191)
Funding from Paycheck Protection Program recognized as income (89,971)
(Increase) decrease in operating assets:    
Accounts receivable 2,608,920 144,023
Inventory (613,670) (853,446)
Unbilled receivables 675,179 (450,180)
Prepaid expenses 863,618 (10,805)
Other current assets (26,093) (47,225)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (1,047,139) (540,604)
Deferred revenue (693,455) 316,639
Net Cash Provided by Operating Activities 3,461,499 29,714
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (987,093) (406,083)
Purchases of other intangible assets (14,871) (3,061)
Net Cash Used in by Investing Activities (1,001,964) (409,144)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of note (63,559) (125,142)
Proceeds from Paycheck Protection Program 526,545
Net Cash (Used in) Provided by Financing Activities (63,559) 401,403
EFFECT OF CURRENCY TRANSLATION ON CHANGES IN CASH 567,596 925,613
NET INCREASE IN CASH 2,963,572 947,586
CASH AT THE BEGINNING OF THE PERIOD 17,747,656 15,134,289
CASH AT THE END OF THE PERIOD 20,711,228 16,081,875
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 11,278 14,514
Cash paid for taxes $ 51,264