Quarterly report pursuant to Section 13 or 15(d)

Segment Analysis - Schedule of Segment Reporting Information (Details)

v3.8.0.1
Segment Analysis - Schedule of Segment Reporting Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Oct. 31, 2017
Revenues from External Customers $ 3,526,396 $ 5,278,758 $ 6,576,953 $ 10,636,961  
Cost of Revenues 940,858 2,013,940 1,886,965 3,996,985  
Gross Profit 2,585,538 3,264,818 4,689,988 6,639,976  
Research & Development 640,477 247,758 1,311,016 498,988  
Selling, General & Administrative 2,025,630 1,639,892 3,531,387 3,045,780  
Total Operating Expenses 2,666,107 1,887,650 4,842,403 3,544,768  
Operating Income (Loss) (80,569) 1,377,168 (152,415) 3,095,208  
Other Income 84,015 86,643 90,670 136,059  
Interest (Expense) Income (80,741) (188,847) (183,489) (384,341)  
Total other income (expense) 3,274 (102,204) (92,819) (248,282)  
Income (Loss) before income taxes (77,295) 1,274,964 (245,234) 2,846,926  
Income tax benefit (expense) (30) (30)  
Net (loss) income (77,325) 1,274,964 (245,264) 2,846,926  
Total Assets 23,942,173 25,158,045 23,942,173 25,158,045 $ 24,060,073
Total Liabilities 4,137,600 11,478,219 4,137,600 11,478,219 $ 10,232,653
Revenues from Intercompany Sales - eliminated from sales above 1,123,791 794,591 1,156,407 1,146,218  
Depreciation and Amortization 190,677 219,962 396,056 396,361  
Purchases of Long-lived Assets 82,953 670,455 521,594 2,350,566  
USA [Member]          
Revenues from External Customers 1,934,365 2,525,908 3,021,991 5,275,675  
Europe [Member]          
Revenues from External Customers 1,476,668 2,614,897 3,298,704 4,631,934  
Australia [Member]          
Revenues from External Customers 115,363 137,953 256,258 729,352  
Marine Technology Business (Products) [Member]          
Revenues from External Customers 2,173,291 3,299,545 4,216,233 5,750,144  
Cost of Revenues 217,222 968,908 647,353 1,698,926  
Gross Profit 1,956,069 2,330,637 3,568,880 4,051,218  
Research & Development 503,518 247,758 945,792 498,988  
Selling, General & Administrative 850,521 830,121 1,428,086 1,404,770  
Total Operating Expenses 1,354,039 1,077,879 2,373,878 1,903,758  
Operating Income (Loss) 602,030 1,252,758 1,195,002 2,147,460  
Other Income 81,918 86,643 88,573 136,059  
Interest (Expense) Income (2,385) (181,806) (6,804) (532,141)  
Total other income (expense) 79,533 (95,163) 81,769 (396,082)  
Income (Loss) before income taxes 681,563 1,157,595 1,276,771 1,751,378  
Income tax benefit (expense) (6,431) (6,596)  
Net (loss) income 675,132 1,157,595 1,270,175 1,751,378  
Total Assets 12,455,194 12,119,417 12,455,194 12,119,417  
Total Liabilities 763,339 1,223,741 763,339 1,223,741  
Revenues from Intercompany Sales - eliminated from sales above 315,954 505,660 471,218 678,513  
Depreciation and Amortization 113,923 145,800 236,650 247,263  
Purchases of Long-lived Assets 52,112 643,603 254,029 2,289,063  
Marine Engineering Business (Services) [Member]          
Revenues from External Customers 1,353,105 1,979,213 2,360,720 4,886,817  
Cost of Revenues 723,636 1,045,032 1,239,612 2,298,059  
Gross Profit 629,469 934,181 1,121,108 2,588,758  
Research & Development 136,959 365,224  
Selling, General & Administrative 614,718 655,560 1,245,592 1,341,971  
Total Operating Expenses 751,677 655,560 1,610,816 1,341,971  
Operating Income (Loss) (122,208) 278,621 (489,708) 1,246,787  
Other Income 2,097 2,097  
Interest (Expense) Income (14,752) (75,001) (29,701) (199,223)  
Total other income (expense) (12,655) (75,001) (27,604) (199,223)  
Income (Loss) before income taxes (134,863) 203,620 (517,312) 1,047,564  
Income tax benefit (expense)  
Net (loss) income (134,863) 203,620 (517,312) 1,047,564  
Total Assets 10,944,045 12,616,569 10,944,045 12,616,569  
Total Liabilities 1,435,771 1,654,104 1,435,771 1,654,104  
Revenues from Intercompany Sales - eliminated from sales above 132,837 170,056 10,189 229,955  
Depreciation and Amortization 72,499 71,056 152,214 142,781  
Purchases of Long-lived Assets 6,056 26,852 49,961 49,033  
Overhead [Member]          
Revenues from External Customers  
Cost of Revenues  
Gross Profit  
Research & Development  
Selling, General & Administrative 560,391 154,211 857,709 299,039  
Total Operating Expenses 560,391 154,211 857,709 299,039  
Operating Income (Loss) (560,391) (154,211) (857,709) (299,039)  
Other Income  
Interest (Expense) Income (63,604) 67,960 (146,984) 347,023  
Total other income (expense) (63,604) 67,960 (146,984) 347,023  
Income (Loss) before income taxes (623,995) (86,251) (1,004,693) 47,984  
Income tax benefit (expense) 6,401 6,566  
Net (loss) income (617,594) (86,251) (998,127) 47,984  
Total Assets 342,932 422,059 342,932 422,059  
Total Liabilities 1,938,490 8,600,374 1,938,490 8,600,374  
Revenues from Intercompany Sales - eliminated from sales above 675,000 118,875 675,000 237,750  
Depreciation and Amortization 4,255 3,106 7,192 6,317  
Purchases of Long-lived Assets $ 24,785 $ 24,785 $ 12,470