XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
Apr. 30, 2018
Oct. 31, 2017
[1]
Current assets:    
Cash $ 369,408 $ 275,146
Accounts receivable, net 1,773,720 1,359,447
Prepaid expenses and other current assets 367,047 251,689
Total current assets 2,510,175 1,886,282
PASSUR Network, net 5,837,776 6,004,367
Capitalized software development costs, net 9,095,420 8,893,414
Property and equipment, net 699,431 852,147
Other assets 161,361 169,635
Total assets 18,304,163 17,805,845
Current liabilities:    
Accounts payable 1,038,380 984,369
Accrued expenses and other current liabilities 1,354,751 1,273,170
Deferred revenue, current portion 4,086,551 2,824,885
Total current liabilities 6,479,682 5,082,424
Deferred revenue, long term portion 440,240 470,831
Note payable - related party 4,725,000 3,800,000
Other liabilities 56,351
Total liabilities 11,701,273 9,353,255
Commitments and contingencies
Stockholders' equity:    
Preferred shares - authorized 5,000,000 shares, par value $0.01 per share; none issued or outstanding
Common shares - authorized 20,000,000 shares, respectively, par value $0.01 per share; issued 8,480,526 at April 30, 2018 and October 31, 2017, respectively 84,804 84,804
Additional paid-in capital 17,040,977 16,699,337
Accumulated deficit (8,589,213) (6,397,873)
Stockholders' equity before treasury stock 8,536,568 10,386,268
Treasury stock, at cost, 784,435 shares at January 31, 2018 and October 31, 2017, respectively (1,933,678) (1,933,678)
Total stockholders' equity 6,602,890 8,452,590
Total liabilities and stockholders' equity $ 18,304,163 $ 17,805,845
[1] Certain April 30, 2017 balances have been restated from previously reported results. Please refer to Note 2 of the Company’s Annual Report on Form 10-K for the year ended October 31, 2017