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Subsequent events

6 Months Ended

Apr. 30, 2017

Subsequent Events [Abstract]

Subsequent events

Note 16 - Subsequent events

At its June 9, 2017 meeting, the Board of Directors of the Company declared a quarterly cash dividend of $0.02 per share to be paid on July 14, 2017 to stockholders of record on June 30, 2017.

In addition, the Board of Directors also approved the extension of the Company’s lease at its current terms, as described above, with Cables Unlimited until June 30, 2018.

On June 5, 2017, the Company amended its lease for its facility in San Diego, California, increasing its square footage by 2,321 from 19,587 to 21,908. The amended lease expires July 31, 2022, and the rental payments increased $2,692 per month for the first year from $22,721 to $25,413 per month.

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- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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