v3.26.1
Note 11 - Segment Information
 6 Months Ended
Apr. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

(11)

Segment Information

 

Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the Chief Operating Decision Maker (“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

    

Six Months Ended

  
   

April 30,

    

April 30,

  
   

2026

    

2025

    

2026

    

2025

  

Net sales

   $ 22,213,646     $ 17,549,748     $ 38,644,601     $ 33,292,365  

Cost of goods sold

     14,619,198       12,215,407       25,680,389       23,331,230  

Employee and contracted sales personnel-related expenses

     4,077,369       3,788,888       7,831,801       7,441,695  

Shipping expenses

     598,853       522,068       1,066,139       902,328  

Travel and entertainment expenses

     232,632       215,512       404,295       333,704  

Professional fees and expenses

     94,505       45,452       216,474       302,512  

Other (1)

     1,287,223       1,191,623       2,349,932       2,262,450  

Income (loss) from operations

     1,303,866       (429,202 )     1,095,571       (1,281,554 )

Other expense

                                

Interest expense

     (234,445 )     (248,826 )     (445,093 )     (512,557 )

Other income (expense)

     (10,209 )     (5,116 )     (10,258 )     15,603  

Other expense, net

     (244,654 )     (253,942 )     (455,351 )     (496,954 )

Income (loss) before income taxes

     1,059,212       (683,144 )     640,220       (1,778,508 )

Income tax expense (benefit)

     4,395       14,778       (17,068 )     26,845  

Net income (loss)

   $ 1,054,817     $ (697,922 )   $ 657,288     $ (1,805,353 )

 

(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.