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8. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Oct. 31, 2018
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

2018

 

2017

 

    Amount

   Percent

 

  Amount

    Percent

 

 

 

 

 

U.S. statutory tax

$      (1,273,000)

23.2%

 

$   (530,000)

34.0%

Stock compensation

128,000

-2.3%

 

174,000

-11.2%

Meals and entertainment

9,000

 -0.2%

 

14,000

-0.9%

State tax, net of federal benefit

           (209,000)

 3.8%

 

   (37,000)

2.4%

Tax law changes (U.S. Tax Reform)

            1,127,000

-20.5%

 

-

0.0%

Other

            (44,000)

0.8%

 

         63,000

-4.0%

Change in Valuation Allowance

     267,000

-4.9%

 

   2,278,000

-146.1%

Income tax expense, net

$                5,000

-0.1%

 

$1,962,000

-125.8%