Quarterly report pursuant to Section 13 or 15(d)

Segment Analysis - Schedule of Segment Reporting Information (Details)

v3.7.0.1
Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($)
 3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Oct. 31, 2016
Revenues from External Customers $ 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  
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  
Operating Income (Loss) 1,143,447 1,268,216 4,259,731 3,433,646  
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)  
Income before income taxes 1,121,289 1,100,860 3,968,215 2,972,914  
Income tax benefit (expense) 3,513 3,513  
Net Income 1,124,802 1,100,860 3,971,728 2,972,914  
Total Assets 25,922,764 21,652,872 25,922,764 21,652,872 $ 22,835,520
Total Liabilities 11,028,399 12,667,326 11,028,399 12,667,326 $ 12,681,007
Revenues from Intercompany Sales - eliminated from sales above 1,407,994 342,546 2,554,212 1,184,301  
Depreciation and Amortization 234,701 205,928 631,062 512,714  
Purchases of Long-lived Assets 298,494 (81,449) 2,649,060 668,524  
USA [Member]          
Revenues from External Customers 1,550,141 1,983,771 6,825,815 6,939,673  
Europe [Member]          
Revenues from External Customers 2,942,365 1,970,478 7,574,299 6,733,926  
Australia [Member]          
Revenues from External Customers 551,085 324,411 1,280,437 1,126,875  
Marine Technology Business [Member]          
Revenues from External Customers 3,439,587 2,427,570 9,189,731 7,816,669  
Cost of Revenues 1,054,369 622,195 2,753,297 2,690,603  
Gross Profit 2,385,218 1,805,375 6,436,434 5,126,066  
Research & Development 200,118 292,855 699,106 708,146  
Selling, General & Administrative 781,908 422,096 2,165,601 1,905,381  
Total Operating Expenses 982,026 714,951 2,864,707 2,613,527  
Operating Income (Loss) 1,403,192 1,090,424 3,571,727 2,512,539  
Other Income 89,670 50,226 204,653 149,990  
Interest Expense (5,947) (330,306) (538,088) (615,383)  
Total other income (expense) 83,723 (280,080) (333,435) (465,393)  
Income before income taxes 1,486,915 810,344 3,238,292 2,047,146  
Income tax benefit (expense) 3,513 3,513  
Net Income 1,490,428 810,344 3,241,805 2,047,146  
Total Assets 12,300,376 11,883,612 12,300,376 11,883,612  
Total Liabilities 1,103,023 1,218,381 1,103,023 1,218,381  
Revenues from Intercompany Sales - eliminated from sales above 1,002,339 286,892 1,680,852 643,294  
Depreciation and Amortization 130,048 121,600 377,311 247,235  
Purchases of Long-lived Assets 252,653 (76,401) 2,541,716 642,906  
Marine Engineering Business [Member]          
Revenues from External Customers 1,604,003 1,851,090 6,490,820 6,983,805  
Cost of Revenues 928,392 810,478 3,226,449 3,520,070  
Gross Profit 675,611 1,040,612 3,264,371 3,463,735  
Research & Development  
Selling, General & Administrative 637,465 578,297 1,979,436 2,180,426  
Total Operating Expenses 637,465 578,297 1,979,436 2,180,426  
Operating Income (Loss) 38,146 462,315 1,284,935 1,283,309  
Other Income 261 (111) 261 5,787  
Interest Expense (15,451) (110,113) (214,674) (223,931)  
Total other income (expense) (15,190) (110,224) (214,413) (218,144)  
Income before income taxes 22,956 352,091 1,070,522 1,065,165  
Income tax benefit (expense)  
Net Income 22,956 352,091 1,070,522 1,065,165  
Total Assets 12,529,169 9,613,958 12,529,169 9,613,958  
Total Liabilities 1,638,002 640,083 1,638,002 640,083  
Revenues from Intercompany Sales - eliminated from sales above 36,030 (63,221) 265,985 178,132  
Depreciation and Amortization 101,442 81,129 244,223 255,848  
Purchases of Long-lived Assets 45,841 (8,648) 94,874 13,150  
Overhead [Member]          
Revenues from External Customers  
Cost of Revenues  
Gross Profit  
Research & Development  
Selling, General & Administrative 297,891 284,523 596,931 362,202  
Total Operating Expenses 297,891 284,523 596,931 362,202  
Operating Income (Loss) (297,891) (284,523) (596,931) (362,202)  
Other Income  
Interest Expense (90,691) 222,948 256,332 222,805  
Total other income (expense) (90,691) 222,948 256,332 222,805  
Income before income taxes (388,582) (61,575) (340,599) (139,397)  
Income tax benefit (expense)  
Net Income (388,582) (61,575) (340,599) (139,397)  
Total Assets 1,093,219 155,302 1,093,219 155,302  
Total Liabilities 8,287,374 10,808,862 8,287,374 10,808,862  
Revenues from Intercompany Sales - eliminated from sales above 369,625 118,875 607,375 362,875  
Depreciation and Amortization 3,211 3,199 9,528 9,631  
Purchases of Long-lived Assets $ 3,600 $ 12,470 $ 12,468