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Note 9 - Stock Options (Tables)

12 Months Ended

Oct. 31, 2021

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

		2021				2020
Weighted average volatility			52.34	%			52.68	%
Expected dividends			0.00	%			0.63	%
Expected term (in years)			7.0				7.0
Risk-free interest rate			0.58	%			1.58	%
Weighted average fair value of options granted during the year		$	3.38			$	3.06
Weighted average fair value of options vested during the year		$	3.41			$	2.38

Share-based Payment Arrangement, Option, Activity [Table Text Block]

		2021								2020
		Shares or				Weighted				Shares or				Weighted
		Price Per				Average				Price Per				Average
		Share				Exercise Price				Share				Exercise Price
Outstanding at beginning of year			789,179			$	4.66				890,147			$	3.62
Options granted			117,000			$	6.57				140,241			$	6.40
Options exercised			(195,528	)		$	3.10				(241,209	)		$	1.85
Options canceled or expired			(91,793	)		$	5.88				-			$	-
Options outstanding at end of year			618,858			$	5.33				789,179			$	4.66
Options exercisable at end of year			313,381			$	5.95				459,513			$	4.48
Options vested and expected to vest at end of year			618,522			$	5.35				788,143			$	4.67
Option price range at end of year		1.900 -8.6969								1.900 -8.6969
Aggregate intrinsic value of options exercised during year		$	642,181							$	975,638

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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