STOCKHOLDERS’ EQUITY

6 Months Ended

Apr. 30, 2022

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 11 - STOCKHOLDERS’ EQUITY:

a.	Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the three and six months ended April 30, 2022 and the year ended October 31, 2021.
b.	Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the “2013 Plan”), and on April 19, 2019, has granted 1,000,000 stock options to employees, officers and non-employee directors from the 2013 Plan each with an exercise price of $5.43. Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. No options were granted, forfeited or expired during the three and six months ended April 30, 2022 or for the year ended October 31, 2021.
	The Company recorded $174,241 and $364,009 of stock-based compensation for the three and six months ended April 30, 2022 and $189,769 and $379,537 for the three and six months ended April 30, 2021.
	The unrecognized stock compensation expense as of April 30, 2022 was approximately $41,812 and is expected to be recognized as compensation expense over the next quarter.