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 ($)
 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,828,551 $ 3,336,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 443,941 599,864
Stock based compensation 690,743 309,604
Deferred income taxes (63,824) (67,135)
Funding from Paycheck Protection Program recognized as income (648,872)
(Increase) decrease in operating assets:    
Accounts receivable 2,028,159 (1,085,743)
Inventory (588,779) (1,425,821)
Unbilled receivables 711,678 (219,136)
Prepaid expenses 801,354 (115,307)
Other current assets 28,144 (312,329)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (278,061) (115,980)
Deferred revenue (894,245) 178,939
Net Cash Provided by Operating Activities 4,707,661 434,861
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,083,111) (551,153)
Purchases of other intangible assets (58,365) (48,036)
Net Cash Used in Investing Activities (1,141,476) (599,189)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of notes (63,559) (251,850)
Proceeds from Paycheck Protection Program 648,872
Net Cash (Used in) Provided by Financing Activities (63,559) 397,022
EFFECT OF CURRENCY TRANSLATION ON CHANGES IN CASH (592,163) 1,224,325
NET INCREASE IN CASH 2,910,463 1,457,019
CASH AT THE BEGINNING OF THE PERIOD 17,747,656 15,134,289
CASH AT THE END OF THE PERIOD 20,658,119 16,591,308
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 2,902 28,152
Cash paid for taxes $ 51,264