STOCKHOLDERS’ EQUITY |
6 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ EQUITY | NOTE 13 - STOCKHOLDERS’ EQUITY
a. Treasury Stock. The Company utilizes the cost method of accounting for treasury stock. The cost of reissued shares is determined under the last-in, first-out method. The Company did not purchase any shares during the three and six months ended April 30, 2026 and the year ended October 31, 2025.
b. Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the “2013 Plan”), and on April 19, 2019, has granted stock options to employees, officers and non-employee directors from the 2013 Plan each with an exercise price of $. Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. During the year ended October 31, 2025 and the three and six months ended April 30, 2026, stock options were granted, forfeited, or expired. As of April 30, 2026 and October 31, 2025, options were exercisable.
The Company recorded stock-based compensation expense for the three and six months ended April 30, 2026 and 2025, as all stock option awards were fully vested as of the beginning of the reporting periods.
On January 28, 2026, the Company’s Board of Directors approved a cash dividend of $ per share, representing one-third of net income. The dividend was payable on or about February 26, 2026, to shareholders of record as of February 10, 2026.
|