v3.22.4
SUMMARY OF ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2022
Accounting Policies [Abstract]  
SCHEDULE OF COMPONENTS OF INVENTORY

Inventory is stated at the lower of cost (First In, First Out method) or net realizable value. Inventory consisted of the following components:

 

   October 31,   October 31, 
   2022   2021 
         
Raw materials and parts  $7,219,344   $7,525,419 
Work in progress   383,427    919,619 
Finished goods   2,424,340    2,246,139 
Total Inventory  $10,027,111   $10,691,177 
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

Following is a reconciliation of earnings from continuing operations and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share:

         
   Year   Year 
   Ended   Ended 
   October 31   October 31 
Fiscal Period  2022   2021 
Numerator:          
Net Income  $4,301,221   $4,947,765 
           
Denominator:          
Basic weighted average common shares outstanding   10,863,674    10,804,074 
Unused portion of options and restricted stock awards   417,673    505,666 
Diluted outstanding shares   11,281,347    11,309,740 
           
Net income per share          
           
Basic  $0.40   $0.46 
Diluted  $0.38   $0.44