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8. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Oct. 31, 2016
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

2016

2015

 

Amount

Percent

Amount

Percent

 

 

 

 

 

U.S. statutory tax

$     349,000

34.0%

$     230,000

34.0%

Stock compensation

125,000

12.2

82,000

12.1

Meals and entertainment

14,000

1.4

16,000

2.3

State tax, net of federal benefit

102,000

9.9

70,000

10.4

Income tax expense (benefit), net

$     590,000

57.6%

$     398,000

58.8%

 

$ 589,923

 

$ 397,994