XML 26 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Revenues $ 2,946,865 $ 3,332,814 $ 9,942,653 $ 10,207,901
Cost of revenues 1,403,923 1,502,765 4,583,324 4,477,047
Research and development 144,080 175,537 357,412 327,012
Selling, general, and administrative expenses 1,158,739 1,386,728 3,670,603 4,004,265
Total costs and expenses 2,706,742 3,065,030 8,611,339 8,808,324
Income from operations 240,123 267,784 1,331,314 1,399,577
Interest expense - related party 73,828 133,243 219,880 823,807
Income before income taxes 166,295 134,541 1,111,434 575,770
Provision for income taxes 10,125 7,565 15,771 17,128
Net income $ 156,170 $ 126,976 $ 1,095,663 $ 558,642
Net income per common share - basic $ 0.02 $ 0.02 $ 0.15 $ 0.10
Net income per common share - diluted $ 0.02 $ 0.02 $ 0.14 $ 0.09
Weighted average number of common shares outstanding - basic 7,193,140 6,945,036 7,182,169 5,463,353
Weighted average number of common shares outstanding - diluted 8,018,570 7,782,608 8,011,755 6,262,776