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2. Basis of Presentation and Significant Accounting Policies: Stock-based Compensation (Policies)
9 Months Ended
Jul. 31, 2020
Policies  
Stock-based Compensation

Stock-Based Compensation

 

The Company follows FASB ASC 718, Compensation-Stock Compensation, which requires the measurement of compensation cost for all stock-based awards at fair value on the date of grant, and recognition of stock-based compensation expense over the service period for awards expected to vest. The fair value of stock options was determined using the Black-Scholes valuation model. Such fair value is recognized as an expense over the service period, net of forfeitures. Stock-based compensation expense was $114,000 and $364,000 for the three and nine months ended July 31, 2020, respectively. Stock-based compensation expense was $150,000 and $469,000 for the three and nine months ended July 31, 2019, respectively. Stock-based compensation is primarily included in selling, general, and administrative expenses.