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Stock-Based Compensation and Stock Options (Tables)
3 Months Ended
Jan. 31, 2016
Stock-Based Compensation and Stock Options [Abstract]  
Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended October 31,

 

 

 

 

For the Three Months ended

 

January 31, 2016

 

January 31, 2015

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Average

 

 

 

Average

 

 

 

Exercise

 

 

 

Exercise

 

Shares

 

Price

 

Shares

 

Price

Outstanding at beginning of period

177,900 

 

$

6.48 

 

52,650 

 

$

7.01 

Granted

25,305 

 

 

6.62 

 

 —

 

 

 —

Outstanding at end of period

203,205 

 

$

6.50 

 

52,650 

 

$

7.01 

 

Schedule of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Remaining

 

Number

 

 

Number

 

Contractual

 

Subject to

Exercise Prices

 

Outstanding

 

Life

 

Exercise

$6.07

 

150,000 

 

6.33 

 

 —

  6.62

 

13,305 

 

6.88 

 

 —

  6.63

 

12,000 

 

6.85 

 

 —

  6.76

 

5,400 

 

6.79 

 

5,400 

  9.12

 

22,500 

 

5.34 

 

7,499 

Total

 

203,205 

 

6.30 

 

12,899 

 

Schedule of Stock Option Valuation Assumptions

 

 

 

 

 

 

 

 

 

Options Granted

 

Options Granted

 

December 16, 2015

 

December 7, 2015

Weighted average fair value of options granted

$3.35

 

$3.52

Assumptions used:

 

 

 

Expected life (years)

7.00

 

7.00

Risk-free interest rate

1.67%

 

1.67%

Volatility

48.72%

 

48.75%

Dividend Yield

0.00%

 

0.00%

 

Schedule of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended October 31,

 

 

 

 

For the Three Months ended

 

January 31, 2016

 

January 31, 2015

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Average

 

 

 

Average

 

 

 

Grant Date

 

 

 

Grant Date

 

Shares

 

Fair Value

 

Shares

 

Fair Value

Unvested at beginning of period

49,993 

 

$

7.61 

 

57,035 

 

$

8.40 

Granted

 —

 

 

 —

 

1,333 

 

 

6.00 

Vested

(666)

 

 

5.80 

 

(667)

 

 

5.80 

Unvested at end of period

49,327 

 

$

7.63 

 

57,701 

 

$

8.38 

 

Schedule of Pre-Tax Stock-Based Compensation Expense Recognized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended January 31,

(In thousands)

 

2016

 

2015

Cost of revenues

 

$

 

$

Selling and marketing

 

 

29 

 

 

22 

General and administrative

 

 

112 

 

 

88 

Research and development

 

 

 

 

Stock-based compensation expense

 

$

144 

 

$

113