Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jan. 31, 2018
Jan. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) Income $ (167,939) $ 1,571,961
Adjustments to reconcile net (loss) income to net cash (used in)/provided by operating activities:    
Depreciation and amortization 220,170 176,399
Stock compensation 10,500
(Increase) decrease in operating assets:    
Accounts receivable (529,859) 1,371,984
Inventory (513,045) (198,724)
Unbilled receivables 1,129,108 (1,114,606)
Other current assets 294,081 (526,736)
Prepaid expenses (12,778) (33,842)
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (528,284) (464,175)
Deferred revenues (51,791) (43,000)
Net Cash (used in) provided by Operating Activities (160,337) 749,761
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (245,822) (1,680,111)
Deferred tax asset (3,039)
Restricted cash 13,695
Net Cash used in Investing Activities (245,822) (1,669,455)
CASH FLOWS FROM FINANCING ACTIVITIES    
(Payments) Receipts - loans and notes payable (366,516) 109,697
Issuance of stock for cash 4,954,180
Redemption of Series C preferred stock (1,100,000)
Net Cash Provided (Used) in Financing Activities 4,587,664 (990,303)
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH 955,937 421,160
NET INCREASE (DECREASE) IN CASH 5,137,442 (1,488,837)
CASH AT THE BEGINNING OF THE PERIOD 6,851,539 5,601,767
CASH AT THE END OF THE PERIOD 11,988,981 4,112,930
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest $ 91,248 $ 203,994