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Income tax provision (Tables) | 12 Months Ended
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Oct. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of components of income tax expense (benefit) | The provision (benefit) for income taxes for the fiscal years ended October 31, 2016 and 2015 consists of the following (in thousands):
|  | 2016 |  | 2015 |
Current: |  |  |  |  |  |  |
Federal |  | $ | (332) |  | $ | 300 |
State |  |  | (13) |  |  | 4 |
|  |  | (345) |  |  | 304 |
Deferred: |  |  |  |  |  |  |
Federal |  |  | (179) |  |  | (126) |
State |  |  | (128) |  |  | (38) |
|  |  | (307) |  |  | (164) |
|  | $ | (652) |  | $ | 140 |
Schedule of Effective Income Tax Rate and Amount Reconciliation | Income tax at the federal statutory rate is reconciled to the Company’s actual net provision (benefit) for income taxes as follows (in thousands, except percentages):
|  | 2016 |  |  | 2015 |
|  |  |  |  | % of Pretax |  |  |  |  |  | % of Pretax |
|  | Amount |  | Income |  |  | Amount |  | Income |
Income taxes at federal statutory rate |  | $ | (1,592) |  |  | 34.0 | % |  | $ | 287 |  |  | 34.0 | %
State tax provision, net of federal tax benefit |  |  | (53) |  |  | 1.1 | % |  |  | 38 |  |  | 4.5 | %
Nondeductible differences: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and other intangible asset impairment |  |  | 916 |  |  | (19.6) | % |  |  | - |  |  | 0.0 | %
Rel-Tech earn-out |  |  | 52 |  |  | (1.1) | % |  |  | - |  |  | 0.0 | %
Qualified domestic production activities deduction |  |  | 46 |  |  | (1.0) | % |  |  | (36) |  |  | (4.3) | %
ISO stock options |  |  | 43 |  |  | (0.9) | % |  |  | 50 |  |  | 6.0 | %
Meals and entertainment |  |  | 29 |  |  | (0.6) | % |  |  | 31 |  |  | 3.7 | %
Comnet book income |  |  | - |  |  | 0.0 | % |  |  | (46) |  |  | (5.5) | %
Transaction costs |  |  | - |  |  | 0.0 | % |  |  | 28 |  |  | 3.4 | %
Temporary true-ups |  |  | (3) |  |  | 0.1 | % |  |  | (89) |  |  | (10.6) | %
State tax refunds, net of federal expense |  |  | (38) |  |  | 0.8 | % |  |  | (66) |  |  | (7.9) | %
R&D credits |  |  | (46) |  |  | 1.0 | % |  |  | (44) |  |  | (5.2) | %
Other |  |  | (6) |  |  | 0.1 | % |  |  | (13) |  |  | (1.3) | %
|  | $ | (652) |  |  | 13.9 | % |  | $ | 140 |  |  | 16.8 | %
Schedule of deferred tax assets and liabilities | The Company’s total deferred tax assets and deferred tax liabilities at October 31, 2016 and 2015 are as follows (in thousands):
|  | 2016 |  | 2015 |
Deferred Tax Assets: |  |  |  |  |  |  |
Reserves |  | $ | 216 |  | $ | 171 |
Accrued vacation |  |  | 134 |  |  | 143 |
Stock-based compensation awards |  |  | 159 |  |  | - |
Uniform capitalization |  |  | 148 |  |  | 97 |
Other |  |  | 43 |  |  | 15 |
Total deferred tax assets |  |  | 700 |  |  | 426 |
Deferred Tax Liabilities: |  |  |  |  |  |  |
Stock-based compensation awards |  |  | - |  |  | 136 |
Amortization / intangible assets |  |  | (864) |  |  | (1,036) |
Depreciation / equipment and furnishings |  |  | (211) |  |  | (247) |
Other |  |  | (34) |  |  | 4 |
Total deferred tax liabilities |  |  | (1,109) |  |  | (1,143) |
Total net deferred tax assets (liabilities) |  | $ | (409) |  | $ | (717) |

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- Definition Tabular disclosure of the reconciliation using percentage and dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: 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=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: 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=65882285&loc=d3e32537-109319 + Details
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