Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income and Comprehensive Income (Unaudited)

v3.8.0.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Income Statement [Abstract]    
Net Revenues $ 3,050,557 $ 5,358,203
Cost of Revenues 946,107 1,983,046
Gross Profit 2,104,450 3,375,157
OPERATING EXPENSES    
Research & Development 670,539 251,230
Selling, General & Administrative 1,505,757 1,405,888
Total Operating Expenses 2,176,296 1,657,118
(LOSS) INCOME FROM OPERATIONS (71,846) 1,718,039
OTHER INCOME (EXPENSE)    
Other Income 6,655 49,416
Interest Expense (102,748) (195,494)
Total Other Income (Expense) (96,093) (146,078)
NET (LOSS) INCOME BEFORE INCOME TAXES (167,939) 1,571,961
INCOME TAX BENEFIT
NET (LOSS) INCOME $ (167,939) $ 1,571,961
NET (LOSS) INCOME PER SHARE:    
Basic $ (0.02) $ 0.17
Diluted $ (0.02) $ 0.17
WEIGHTED AVERAGE SHARES:    
Basic 9,172,837 9,101,493
Diluted 9,172,837 9,101,493
NET (LOSS) INCOME $ (167,939) $ 1,571,961
Other Comprehensive Income:    
Foreign currency translation adjustment 955,937 421,160
Total Other Comprehensive Income 955,937 421,160
COMPREHENSIVE INCOME $ 787,998 $ 1,993,121