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SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2021

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:

 SCHEDULE OF COMPONENTS OF INVENTORY

		October 31,				October 31,
		2021				2020
Raw materials and parts		$	7,525,419			$	7,322,688
Work in progress			919,619				698,756
Finished goods			2,246,139				1,120,829
Total Inventory		$	10,691,177			$	9,142,273

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:

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

		Year				Year
		Ended				Ended
		October 31,				October 31,
Fiscal Period		2021				2020
Numerator:
Net Income		$	4,947,765			$	3,343,585
Denominator:
Basic weighted average common shares outstanding			10,804,074				10,733,799
Unused portion of options and restricted stock awards			505,666				561,000
Diluted outstanding shares			11,309,740				11,294,799
Net income per share
Basic		$	0.46			$	0.31
Diluted		$	0.44			$	0.30

SCHEDULE OF OTHER INCOME

Other Income consisted of the following components:

SCHEDULE OF OTHER INCOME

		October 31,				October 31,
		2021				2020
PPP Loans		$	648,872			$	648,871
Employee Retention Credits payroll tax credits			701,568				-
Other income			84,942				19,374
Total Other Income, net		$	1,435,382			$	668,245

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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