Note 12 - New Accounting Standards Not Yet Adopted	3 Months Ended
Jan. 31, 2019
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	( 12 ) New Accounting Standards Not Yet Adopted In February 2016, the FASB issued Accounting Standards Update 2016 - 02, Leases (“ASU 2016 - 02” ). ASU 2016 - 02 requires the recognition of a separate lease liability representing the required lease payments over the lease term and a separate lease asset representing the right to use the underlying asset during the same lease term. Additionally, this ASU provides clarification regarding the identification of certain components of contracts that would represent a lease as well as requires additional disclosures in the notes to the financial statements. ASU 2016 - 02 is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period with early adoption permitted. In July 2018, the FASB issued ASU 2018 - 11, Leases (Topic 842 ), Targeted Improvements , which provides an additional (and optional) transition method to adopt the new lease standard. Under the new transition method, an entity would initially apply the new lease requirements in the period of adoption and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. The Company expects the adoption of this guidance may result in an increase to its long-term assets and liabilities on its consolidated balance sheet depending on the resulting impact of any decision by the Company to renew, extend or replace its two existing real estate leases, as the current leases expire; however, the Company does not expect the adoption to have a material impact on its results of operations, financial position and liquidity and its related financial statement disclosures. In June 2018, the FASB issued Accounting Standards Update 2018 - 07, Compensation – Stock Compensation (Topic 718 ): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018 - 07” ). ASU 2018 - 07 expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018 - 07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide ( 1 ) financing to the issuer or ( 2 ) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Revenue from Contracts with Customers (Topic 606 ). ASU 2018 - 07 is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period, with early adoption permitted. The adoption of ASU 2018 - 07 is not expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures. In June 2018, the FASB issued Accounting Standards Update 2018 - 08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made (“ASU 2018 - 08” ). ASU 2018 - 08 applies to entities that receive or make contributions, which primarily are not -for-profit entities but also affects business entities that make contributions. In the context of business entities that make contributions, the FASB clarified that a contribution is conditional if the arrangement includes both a barrier for the recipient to be entitled to the assets transferred and a right of return for the assets transferred (or a right of release of the business entity’s obligation to transfer assets). The recognition of contribution expense is deferred for conditional arrangements and is immediate for unconditional arrangements. ASU 2018 - 08 requires modified prospective transition to arrangements that have not been completed as of the effective date or that are entered into after the effective date, but full retrospective application to each period presented is permitted. ASU 2018 - 08 is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period, with early adoption permitted. The adoption of ASU 2018 - 08 is not expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures. There are no other new accounting standards issued, but not yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures.

(

) New Accounting Standards

Not

Yet Adopted

February 2016,

the FASB issued Accounting Standards Update

2016

02,

Leases

(“ASU

2016

02”

). ASU

2016

requires the recognition of a separate lease liability representing the required lease payments over the lease term and a separate lease asset representing the right to use the underlying asset during the same lease term. Additionally, this ASU provides clarification regarding the identification of certain components of contracts that would represent a lease as well as requires additional disclosures in the notes to the financial statements. ASU

2016

is effective for fiscal years beginning after

December 15, 2018,

including interim periods within that reporting period with early adoption permitted. In

July 2018,

the FASB issued ASU

2018

11,

Leases (Topic

842

), Targeted Improvements

, which provides an additional (and optional) transition method to adopt the new lease standard. Under the new transition method, an entity would initially apply the new lease requirements in the period of adoption and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption. The Company expects the adoption of this guidance

may

result in an increase to its long-term assets and liabilities on its consolidated balance sheet depending on the resulting impact of any decision by the Company to renew, extend or replace its

two

existing real estate leases, as the current leases expire; however, the Company does

not

expect the adoption to have a material impact on its results of operations, financial position and liquidity and its related financial statement disclosures.

June 2018,

the FASB issued Accounting Standards Update

2018

07,

Compensation – Stock Compensation (Topic

718

): Improvements to Nonemployee Share-Based Payment Accounting

(“ASU

2018

07”

). ASU

2018

expands the scope of Topic

718

to include share-based payment transactions for acquiring goods and services from nonemployees. ASU

2018

also clarifies that Topic

718

does

not

apply to share-based payments used to effectively provide (

) financing to the issuer or (

) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under

Revenue from Contracts with Customers

(Topic

606

). ASU

2018

is effective for fiscal years beginning after

December 15, 2018,

including interim periods within that reporting period, with early adoption permitted. The adoption of ASU

2018

not

expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures.

June 2018,

the FASB issued Accounting Standards Update

2018

08,

Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

(“ASU

2018

08”

). ASU

2018

applies to entities that receive or make contributions, which primarily are

not

-for-profit entities but also affects business entities that make contributions. In the context of business entities that make contributions, the FASB clarified that a contribution is conditional if the arrangement includes both a barrier for the recipient to be entitled to the assets transferred and a right of return for the assets transferred (or a right of release of the business entity’s obligation to transfer assets). The recognition of contribution expense is deferred for conditional arrangements and is immediate for unconditional arrangements. ASU

2018

requires modified prospective transition to arrangements that have

not

been completed as of the effective date or that are entered into after the effective date, but full retrospective application to each period presented is permitted. ASU

2018

is effective for fiscal years beginning after

December 15, 2018,

including interim periods within that reporting period, with early adoption permitted. The adoption of ASU

2018

not

expected to have a material impact on the Company's results of operations, financial position or liquidity or its related financial statement disclosures.

There are

other new accounting standards issued, but

not

yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures.