Contracts in Progress (Details Narrative) - USD ($) |
6 Months Ended | |
|---|---|---|
Apr. 30, 2017 |
Oct. 31, 2016 |
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| Contracts In Progress | ||
| Unbilled Receivables | $ 4,189,052 | $ 3,406,693 |
| Deferred Revenues | 327,870 | 464,541 |
| Component of Deferred Revenue | $ 0 | 0 |
| Product warrant description | Revenue received as part of sales of equipment includes a provision for warranty and is treated as deferred revenue, along with extended warranty sales, and Through Life Support, a support package offering five years hardware and software support agreements. These amounts are amortized according to the contractual period in question which is over 12 months representing the warranty or support period for the equipment sold, or 36 months or 60 months for Through Life Support obligations, according to the package purchased by our customer. | |
| Short term deferred revenue | $ 273,998 | 464,541 |
| Long term deferred revenue | $ 53,872 |
| X | ||||||||||
- Definition Component of Deferred Revenue. No definition available.
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- References No definition available.
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- Definition Short term deferred revenue. No definition available.
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- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Describes the nature of the product warranty, including the approximate term of the product warranty, how the product warranty arose, and the events or circumstances that would require the warrantor to perform under the product warranty. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer. No definition available.
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