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Note 2 - Business Acquisition (Tables)

9 Months Ended

Jul. 31, 2020

Notes Tables

Business Acquisition, Pro Forma Information [Table Text Block]

		Three Months Ended July 31,								Nine Months Ended July 31,
		2020				2019				2020				2019
Revenue		$	9,544			$	17,640			$	32,348			$	50,097
Net (loss) income			(82	)			1,387				(240	)			4,049
(Loss) earnings per share
Basic		$	(0.01	)		$	0.15			$	(0.02	)		$	0.43
Diluted		$	(0.01	)		$	0.14			$	(0.02	)		$	0.41

Schrofftech [Member]

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Cash consideration paid		$	4,000,000
Earn-out liability			1,249,000
Total purchase price		$	5,249,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Current assets		$	1,168,000
Fixed assets			58,000
Intangible assets			3,299,000
Goodwill			1,356,000
Non-interest bearing liabilities			(632,000	)
Net assets		$	5,249,000

C Enterprises [Member]

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Cash consideration paid		$	600,000
Total purchase price		$	600,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Current assets		$	2,008,000
Fixed assets			30,000
Other assets			18,000
Non-interest bearing liabilities			(1,456,000	)
Net assets		$	600,000

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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+ References

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