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Consolidated Statements of Income - USD ($)
12 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Consolidated Statements of Income    
Revenues $ 14,892,495 $ 12,538,059
Cost and expenses:    
Cost of revenues 6,377,104 5,433,122
Research and development 826,227 724,683
Selling, general, and administrative expenses 6,481,260 5,478,454
Total costs and expenses 13,684,591 11,636,259
Income from operations 1,207,904 901,800
Interest expense - related party 183,333 224,542
Income before income taxes 1,024,571 677,258
Income tax expense 589,923 397,994
Net income $ 434,648 $ 279,264
Net income per common share - basic $ 0.06 $ 0.04
Net income per common share - diluted $ 0.06 $ 0.04
Weighted average number of common shares outstanding - basic 7,679,696 7,648,612
Weighted average number of common shares outstanding - diluted 7,730,566 7,775,474