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, 2021
Jul. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,857,863 $ 2,104,446
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 827,509 643,335
Stock based compensation 761,233 432,965
Deferred income taxes 150,357 324,469
Funding from Paycheck Protection Program recognized as income (648,872)
(Increase) decrease in operating assets:    
Accounts receivable (191,768) 872,698
Inventory (1,688,545) (3,526,960)
Unbilled receivables (306,261) 1,097,939
Prepaid expenses 60,923 (77,957)
Other current assets (312,041) 37,874
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (379,552) (291,295)
Deferred revenue 500,643 18,944
Net Cash Provided by Operating Activities 3,631,489 1,636,458
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (759,733) (782,350)
Purchases of other intangible assets (78,893) (50,324)
Net Cash Used in Investing Activities (838,626) (832,674)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of notes (379,763) (362,776)
Proceeds from Paycheck Protection Program 648,872 648,872
Net Cash Provided by Financing Activities 269,109 286,096
EFFECT OF CURRENCY TRANSLATION ON CHANGES IN CASH 963,644 205,645
NET INCREASE IN CASH 4,025,616 1,295,525
CASH AT THE BEGINNING OF THE PERIOD 15,134,289 11,721,683
CASH AT THE END OF THE PERIOD 19,159,905 13,017,208
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 42,891 53,041
Cash paid for taxes