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Consolidated Balance Sheets - USD ($)
Jul. 31, 2018
Oct. 31, 2017
[1]
Current assets:    
Cash $ 32,414 $ 275,146
Accounts receivable, net 1,977,155 1,359,447
Prepaid expenses and other current assets 262,702 251,689
Total current assets 2,272,271 1,886,282
PASSUR Network, net 5,020,404 6,004,367
Capitalized software development costs, net 8,235,312 8,893,414
Property and equipment, net 651,745 852,147
Other assets 150,894 169,635
Total assets 16,330,626 17,805,845
Current liabilities:    
Accounts payable 938,437 984,369
Accrued expenses and other current liabilities 1,339,875 1,273,170
Deferred revenue, current portion 3,726,066 2,824,885
Total current liabilities 6,004,378 5,082,424
Deferred revenue, long term portion 392,549 470,831
Note payable - related party 5,725,000 3,800,000
Other liabilities 116,394
Total liabilities 12,238,321 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 July 31, 2018 and October 31, 2017, respectively 84,804 84,804
Additional paid-in capital 17,207,237 16,699,337
Accumulated deficit (11,266,058) (6,397,873)
Stockholders' equity before treasury stock 6,025,983 10,386,268
Treasury stock, at cost, 784,435 shares at July 31, 2018 and October 31, 2017, respectively (1,933,678) (1,933,678)
Total stockholders' equity 4,092,305 8,452,590
Total liabilities and stockholders' equity $ 16,330,626 $ 17,805,845
[1] Certain July 31, 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