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Income tax provision (Tables) | 12 Months Ended
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Oct. 31, 2019
Income tax provision |
Summary of Reconciliation Provision (Benefit) for Income taxes | Reconciliation of provision (benefit) for income taxes for the years ended October 31, 2019 and 2018 are as follows (in thousands):
|  | 2019 |  | 2018
Continuing operations |  | $ | 1,036 |  | $ | 1,468
Discontinued operations |  |  | — |  |  | (41)
Net income |  | $ | 1,036 |  | $ | 1,427
Schedule of components of income tax expense (benefit) | The provision (benefit) for income taxes for the fiscal years ended October 31, 2019 and 2018 consists of the following (in thousands):
|  | 2019 |  | 2018
Current: |  |  |  |  |  |
Federal |  | $ | 859 |  | $ | 1,344
State |  |  | 220 |  |  | 236
|  |  | 1,079 |  |  | 1,580
Deferred: |  |  |  |  |  |
Federal |  |  | (25) |  |  | (112)
State |  |  | (18) |  |  | —
|  |  | (43) |  |  | (112)
|  | $ | 1,036 |  | $ | 1,468
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 for income taxes as follows (in thousands, except percentages):
|  | 2019 |  | 2018 |
|  |  |  |  | % of Pretax |  |  |  |  | % of Pretax |
|  | Amount |  | Income |  | Amount |  | Income |
Income taxes at federal statutory rate |  | $ | 957 |  | 21.0 | % | $ | 1,737 |  | 38.1 | %
State tax provision, net of federal tax benefit |  |  | 160 |  | 3.5 | % |  | 170 |  | 3.7 | %
Nondeductible differences: |  |  |  |  |  |  |  |  |  |  |
Rel-Tech earn-out |  |  | — |  | 0.0 | % |  | (6) |  | (0.1) | %
Qualified domestic production activities deduction |  |  | — |  | 0.0 | % |  | (141) |  | (3.1) | %
Stock options |  |  | 21 |  | 0.5 | % |  | (204) |  | (4.5) | %
Meals and entertainment |  |  | 8 |  | 0.2 | % |  | 8 |  | 0.2 | %
R&D credits |  |  | (119) |  | (2.6) | % |  | (111) |  | (2.4) | %
ASC 740-10 Liability |  |  | 21 |  | 0.5 | % |  | 54 |  | 1.2 | %
Tax Cut and Jobs Act |  |  | — |  | 0.0 | % |  | (34) |  | (0.7) | %
Other |  |  | (12) |  | (0.3) | % |  | (5) |  | (0.1) | %
|  | $ | 1,036 |  | 22.8 | % | $ | 1,468 |  | 32.3 | %
Schedule of deferred tax assets and liabilities | The Company’s total deferred tax assets and deferred tax liabilities at October 31, 2019 and 2018 are as follows (in thousands):
|  | 2019 |  | 2018
Deferred Tax Assets: |  |  |  |  |  |
Reserves |  | $ | 172 |  | $ | 276
Accrued vacation |  |  | 97 |  |  | 116
Stock-based compensation awards |  |  | 87 |  |  | 113
Uniform capitalization |  |  | 64 |  |  | 78
Other |  |  | 55 |  |  | 93
Total deferred tax assets |  |  | 475 |  |  | 676
Deferred Tax Liabilities: |  |  |  |  |  |
Amortization / intangible assets |  |  | (307) |  |  | (544)
Depreciation / equipment and furnishings |  |  | (125) |  |  | (132)
Total deferred tax liabilities |  |  | (432) |  |  | (676)
Total net deferred tax assets (liabilities) |  | $ | 43 |  | $ | —
Summary of Income Tax Contingencies [Table Text Block] | The Company’s adjustments to its uncertain tax positions in fiscal years ended October 31, 2019 and 2018 are as follows:
|  | 2019 |  | 2018
Balance, at beginning of year |  | $ | 59 |  | $ | —
Increase for tax positions related to the current year |  |  | 23 |  |  | 24
Increase for tax positions related to prior years |  |  | 3 |  |  | 29
Increase for interest and penalties |  |  | 2 |  |  | 6
Statute of Limitations Expirations |  |  | (7) |  |  | —
Balance, at end of year |  | $ | 80 |  | $ | 59

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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