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8. Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)
12 Months Ended
Oct. 31, 2019
Tables/Schedules  
Schedule of Components of Income Tax Expense (Benefit)

 

 

2019

 

2018

 

    Amount

   Percent

 

  Amount

    Percent

 

 

 

 

 

U.S. statutory tax

$  (808,000)

21.0%

 

$ (1,273,000)

23.2%

Stock compensation

102,000

-2.6%

 

128,000

-2.3%

Meals and entertainment

9,000

-0.2%

 

9,000

-0.2%

State tax, net of federal benefit

     (164,000)

4.2%

 

       (209,000)

3.8%

Tax law changes (U.S. Tax Reform)

                   -

0.0%

 

      1,127,000

-20.5%

Other

         44,000

-1.1%

 

         (44,000)

0.8%

Change in Valuation Allowance

       807,000

-21.0%

 

         267,000

-4.9%

Income tax (benefit)/expense, net

$    (10,000)

0.3%

 

$          5,000

-0.1%