Business Acquisition (Tables)

3 Months Ended

Jan. 31, 2020

Business Acquisition [Line Items]

Summary of pro forma financial information

	Three Months Ended January 31,
	2020		2019
Revenue	$	12,414	$	16,199
Net income		26		1,388
Earnings per share
Basic	$	0.00	$	0.15
Diluted	$	0.00	$	0.14

C Enterprises, Inc.

Business Acquisition [Line Items]

Summarizes the components of the purchase price at fair value

The following table summarizes the components of the purchase price at fair value at March 15, 2019:

Cash consideration paid	$	600,000
Total purchase price	$	600,000

The following table summarizes the allocation of the estimated purchase price at fair value at March 15, 2019:

Current assets	$	2,008,000
Fixed assets		30,000
Other assets		18,000
Non-interest bearing liabilities		(1,456,000)
Net assets	$	600,000

Schrofftech

Business Acquisition [Line Items]

Summarizes the allocation of the estimated purchase price at fair value

The following table summarizes the components of the purchase price at preliminary fair values at November 1, 2019:

Cash consideration paid	$	4,000,000
Earn-out		1,249,000
Total purchase price	$	5,249,000

The following table summarizes the allocation of the estimated preliminary purchase price at fair value at November 1, 2019:

Current assets	$	1,168,000
Fixed assets		58,000
Intangible assets		3,299,000
Goodwill		1,413,000
Non-interest bearing liabilities		(689,000)
Net assets	$	5,249,000