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 ($)
9 Months Ended
Jul. 31, 2018
Jul. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,752,346 $ 3,971,728
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 605,645 631,062
Stock compensation 334,749 86,930
Realized gain on the sale of fixed assets (81,494)
(Increase) decrease in operating assets:    
Accounts receivable (2,343,834) 740,734
Inventory (535,657) (298,842)
Unbilled receivables 373,301 (326,421)
Other current assets 206,955 (241,044)
Prepaid expenses 106,812 (92,296)
Deferred tax assets 85,712
(Decrease) in operating liabilities:    
Accounts payable and other current liabilities (47,392) (119,748)
Deferred revenues (126,256) (148,661)
Net Cash provided by Operating Activities 326,669 4,207,660
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (442,041) (2,649,060)
Proceeds from the sale of fixed assets 525,275
Restricted cash 13,695
Net Cash (used in) Investing Activities (442,041) (2,110,090)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments - loans and notes payable (5,642,202) (384,202)
Issuance of stock for cash 5,312,732
Redemption of Series C preferred stock (1,100,000)
Net Cash (used in) Financing Activities (329,470) (1,484,202)
EFFECT OF CURRENCY EXCHANGE RATE ON CHANGES IN CASH 304,566 781,194
NET (DECREASE) INCREASE IN CASH (140,276) 1,394,562
CASH AT THE BEGINNING OF THE PERIOD 6,851,539 5,601,767
CASH AT THE END OF THE PERIOD 6,711,263 6,996,329
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 178,785 464,705
Non-cash transactions    
Preferred stock issued for accrued interest 1,000,000
Payment of secured debt directly with proceeds of note payable $ 8,000,000