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Income tax provision | 12 Months Ended
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Oct. 31, 2015
Income Tax Disclosure [Abstract] |
Income tax provision | Note 8 - Income tax provision The provision (benefit) for income taxes for the fiscal years ended October 31, 2015 and 2014 consists of the following (in thousands):
|  | 2015 |  | 2014 |
Current: |  |  |  |  |  |  |
Federal |  | $ | 467 |  | $ | 839 |
State |  |  | 17 |  |  | 180 |
|  |  | 484 |  |  | 1,019 |
Deferred: |  |  |  |  |  |  |
Federal |  |  | (131) |  |  | (54) |
State |  |  | (38) |  |  | (6) |
|  |  | (169) |  |  | (60) |
|  | $ | 315 |  | $ | 959 |
Income tax at the federal statutory rate is reconciled to the Company’s actual net provision for income taxes as follows (in thousands, except percentages): The Company’s total deferred tax assets and deferred tax liabilities at October 31, 2015 and 2014 are as follows (in thousands):
|  | 2015 |  | 2014 |
Current Assets: |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 171 |  | $ | 12 |
Accrued vacation |  |  | 143 |  |  | 118 |
State income taxes |  |  | - |  |  | 26 |
Stock based compensation awards |  |  | - |  |  | 162 |
Uniform capitalization |  |  | 97 |  |  | - |
Section 263A costs |  |  | - |  |  | 97 |
Other |  |  | 15 |  |  | 1 |
Total current assets |  |  | 426 |  |  | 416 |
Long-Term Assets: |  |  |  |  |  |  |
Amortization / intangible assets |  |  | - |  |  | 76 |
Stock based compensation awards |  |  | 136 |  |  | - |
Other |  |  | 4 |  |  | - |
Long-Term Liabilities: |  |  |  |  |  |  |
Amortization / intangible assets |  |  | (1,036) |  |  | (618) |
Depreciation / equipment and furnishings |  |  | (247) |  |  | (269) |
Net long-term deferred tax liabilities |  |  | (1,143) |  |  | (811) |
Total deferred tax liabilities |  | $ | (717) |  | $ | (395) |
The Company had no unrecognized tax benefits nor any gross liability for unrecognized tax benefits at October 31, 2015 and 2014. No interest and penalties were accrued during fiscal 2014 or 2015. The Company is currently not undergoing any tax examinations. Tax fiscal years ended October 31, 2011 through October 31, 2015 remain subject to examination.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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