XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Net sales:    
Equipment $ 1,217,081 $ 1,564,221
Parts and service 822,524 785,684
Total net sales 2,039,605 2,349,905
Cost of sales 1,781,287 2,150,188
Gross profit 258,318 199,717
Operating expense:    
Selling expense 110,927 135,916
Administrative expense 278,501 237,819
Total operating expense 389,428 373,735
Operating loss (131,110) (174,018)
Other income:    
Interest income 962 891
Other income 626,466
Total other income 962 627,357
(Loss) income before income taxes (130,148) 453,339
Income tax benefit (29,000) (36,000)
Net (loss) income $ (101,148) $ 489,339
(Loss) income per share, basic and diluted $ (0.02) $ 0.09
Weighted average number of shares outstanding 5,183,895 5,183,895