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Note 11 - Segment Information
 3 Months Ended
Jan. 31, 2026
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(11)

Segment Information

 

Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the CODM, who makes decisions about allocating resources and assessing performance, as described in accordance with U.S. generally accepted accounting principles. The Company’s CODM is its Chief Executive Officer.

 

The Company has identified a single reportable segment for purposes of segment reporting and manages the business activities of the single operating segment on a consolidated basis. The Company’s single operating segment derives revenues from sales of its fiber optic and copper data communication cabling and connectivity solutions in the enterprise market and various harsh environment and specialty markets.

 

Financial information is provided to the CODM primarily on a consolidated basis. The CODM evaluates the Company’s financial performance and makes key operating decisions, including the allocation of resources, based primarily on consolidated net sales, consolidated operating income (loss) and net income (loss). The Company’s financial statements provide a comprehensive view of its overall financial condition.

 

 

The following table presents selected financial information with respect to the Company's single reportable segment, including significant single reportable segment expenses that are regularly provided to the CODM:

 

   

Three Months Ended

  
   

January 31,

  
   

2026

    

2025

  

Net sales

   $ 16,430,955     $ 15,742,617  

Cost of goods sold

     11,061,191       11,115,823  

Employee and contracted sales personnel-related expenses

     3,754,432       3,652,807  

Shipping expenses

     467,286       380,260  

Travel and entertainment expenses

     171,663       118,192  

Professional fees and expenses

     121,969       257,060  

Other (1)

     1,062,709       1,070,827  

Loss from operations

     (208,295 )     (852,352 )

Other expense

                

Interest expense

     (210,648 )     (263,731 )

Other income (expense)

     (49 )     20,719  

Other expense, net

     (210,697 )     (243,012 )
                 

Loss before income taxes

     (418,992 )     (1,095,364 )

Income tax expense (benefit)

     (21,463 )     12,067  

Net loss

   $ (397,529 )   $ (1,107,431 )

 

(1) Other is comprised of other segment SG&A expenses including certain public company expenses, corporate insurance premiums not included in employee and contracted sales personnel-related expenses, marketing expenses, certain office and manufacturing facility expenses and all other SG&A expenses not individually set forth in the table above, as well as royalty expense, net and amortization of intangible assets.

 

Information related to the Company’s geographical distribution of revenues is disclosed in note 12.