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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Consolidated Statements of Income        
Revenues $ 3,809,402 $ 3,221,499 $ 7,244,882 $ 5,985,511
Cost and expenses:        
Cost of revenues 1,620,138 1,392,039 3,132,625 2,506,491
Research and development expenses 226,104 186,098 409,513 368,374
Selling, general, and administrative expenses 1,727,133 1,226,785 3,360,634 2,408,638
Total costs and expenses 3,573,375 2,804,922 6,902,772 5,283,503
Income from operations 236,027 416,577 342,110 702,008
Interest expense - related party 43,900 57,329 97,567 116,591
Income before income taxes 192,127 359,248 244,543 585,417
Provision for income taxes 69,992 207,361 97,834 292,361
Net income $ 122,135 $ 151,887 $ 146,709 $ 293,056
Net income per common share - basic $ 0.02 $ 0.02 $ 0.02 $ 0.04
Net income per common share - diluted $ 0.02 $ 0.02 $ 0.02 $ 0.04
Weighted average number of common shares outstanding - basic 7,677,755 7,656,083 7,669,078 7,655,496
Weighted average number of common shares outstanding - diluted 7,718,942 7,823,525 7,711,104 7,826,385