Quarterly report pursuant to Section 13 or 15(d)

SCHEDULE OF SEGMENT REPORTING INFORMATION (Details)

v3.22.0.1
SCHEDULE OF SEGMENT REPORTING INFORMATION (Details) - USD ($)
 3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Segment Reporting Information [Line Items]    
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
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 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
Current Tax (Expense) Benefit (285,609) 24,725
Deferred Tax (Expense) Benefit 58,209 108,191
Total Income Tax (Expense) Benefit (227,400) 132,916
NET INCOME 1,217,248 1,128,844
Total Assets 45,399,231  
Total Liabilities 2,566,585  
Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
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
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 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
Current Tax (Expense) Benefit (285,609) 24,725
Deferred Tax (Expense) Benefit 58,209 108,191
Total Income Tax (Expense) Benefit (227,400) 132,916
NET INCOME 1,217,248 1,128,844
Total Assets 45,399,231 40,355,522
Total Liabilities 2,566,585 3,730,350
Revenues from Intercompany Sales - eliminated from sales above 1,105,218 1,094,830
Depreciation and Amortization 161,466 366,183
Purchases of Long-lived Assets 1,001,964 409,144
Marine Technology Business Products [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues 3,823,748 3,748,279
Cost of Revenues 572,292 894,275
Gross Profit 3,251,456 2,854,004
Research & Development 529,375 441,744
Selling, General & Administrative 753,614 733,825
Total Operating Expenses 1,282,989 1,175,569
INCOME FROM OPERATIONS 1,968,467 1,678,435
Other Income 9,049 2,036
Interest Expense (4,882) (2,253)
Total Other Income 4,167 (217)
INCOME BEFORE INCOME TAX EXPENSE 1,972,634 1,678,218
Current Tax (Expense) Benefit (266,520) 12,653
Deferred Tax (Expense) Benefit 6,708 (11,155)
Total Income Tax (Expense) Benefit (259,812) 1,498
NET INCOME 1,712,822 1,679,716
Total Assets 30,847,114 24,767,757
Total Liabilities 1,635,666 1,573,260
Revenues from Intercompany Sales - eliminated from sales above 389,395 370,629
Depreciation and Amortization 135,658 312,122
Purchases of Long-lived Assets 986,093 399,975
Marine Engineering Business Services [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues 2,014,460 1,302,180
Cost of Revenues 1,105,982 841,262
Gross Profit 908,478 460,918
Research & Development 143,515 141,395
Selling, General & Administrative 651,149 567,559
Total Operating Expenses 794,664 708,954
INCOME FROM OPERATIONS 113,814 (248,036)
Other Income 70,945 18
Interest Expense (5,026) (5,151)
Total Other Income 65,919 (5,133)
INCOME BEFORE INCOME TAX EXPENSE 179,733 (253,169)
Current Tax (Expense) Benefit 24,036
Deferred Tax (Expense) Benefit 204 152,086
Total Income Tax (Expense) Benefit 24,240 152,086
NET INCOME 203,973 (101,083)
Total Assets 13,893,382 14,362,811
Total Liabilities 501,339 1,436,624
Revenues from Intercompany Sales - eliminated from sales above 115,823 49,201
Depreciation and Amortization 16,657 47,645
Purchases of Long-lived Assets 1,000 4,177
Overhead [Member] | Segment Reporting [Member]    
Segment Reporting Information [Line Items]    
Net Revenues
Cost of Revenues
Gross Profit
Research & Development
Selling, General & Administrative 706,349 511,982
Total Operating Expenses 706,349 511,982
INCOME FROM OPERATIONS (706,349) (511,982)
Other Income
Interest Expense (1,370) (7,110)
Total Other Income (1,370) (7,110)
INCOME BEFORE INCOME TAX EXPENSE (707,719) (519,092)
Current Tax (Expense) Benefit (43,125) 12,072
Deferred Tax (Expense) Benefit 51,297 (32,740)
Total Income Tax (Expense) Benefit 8,172 (20,668)
NET INCOME (699,547) (539,760)
Total Assets 658,735 1,224,954
Total Liabilities 429,580 720,466
Revenues from Intercompany Sales - eliminated from sales above 600,000 675,000
Depreciation and Amortization 9,151 6,416
Purchases of Long-lived Assets $ 14,871 $ 4,992