Stockholders’ Equity

6 Months Ended

Apr. 30, 2025

Equity [Abstract]

Stockholders’ Equity

Note 12 - Stockholders’ Equity

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, 2025 and the year ended October 31, 2024.

Stock Options

The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the “2013 Plan”), and has granted stock options for an aggregate of 1,000,000 shares to employees, officers and non-employee directors from the 2013 Plan 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, 2025. No options were granted or expired during the year ended October 31, 2024. As of April 30, 2025, and October 31, 2024, 921,000 options were exercisable.

The Company recorded no stock-based compensation expense for the three and six months ended April 30, 2025 and 2024, as all stock option awards were fully vested as of the beginning of the reporting period.