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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship of compensation actually paid (“CAP”) to our principal executive officer (“PEO”) and other named executive officers (“Non-PEO NEOs”) and our performance. In accordance with the transitional relief under the SEC rules for smaller reporting companies, only three years of information is required as this is the Company’s second year of disclosure under Item 402(v) of Regulation S-K. 

 

For purposes of the tables below, the PEO was Mr. Dawson and non-PEO NEOs were Messrs. Yin and Bibisi for each of fiscal years 2023, 2022, and 2021.

 

Pay Versus Performance Table

 

Year

  

Summary

Compensation

Table Total

for PEO (1)

    

Compensation

Actually Paid

to PEO (2)

    

Average

Summary

Compensation

Table Total

for Non-PEO

NEOs (3)

    

Average

Compensation

Actually Paid

to Non-PEO

NEOs (4)

    

Value of

Initial Fixed

$100

Investment

Based on

Cumulative

TSR (5)

    

Net Income

(Loss) (in

thousands)
(6)

  

2021

   $ 1,037,842     $ 1,037,842     $ 339,604     $ 339,604     $ 178     $ 6,181  

2022

   $ 1,082,240     $ 1,082,240     $ 506,787     $ 506,787     $ 126     $ 1,448  

2023

   $ 894,667     $ 894,667     $ 382,120     $ 382,120     $ 69     $ (3,078 )

 

 

(1)

The dollar amounts reported in this column are the amounts of total compensation reported for the PEO for each corresponding year in the “Total” column of the Summary Compensation Table.
 

 

(2)

The dollar amounts reported in this represent the amount of “compensation actually paid” to the PEO, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to the PEO’s total compensation for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K. 
 

 

(3)

The dollar amounts reported in this column represent the average of the amounts reported for Non-PEO NEOs in the “Total” column of the Summary Compensation Table in each applicable year.
 

 

(4)

The dollar amounts reported in this represent the average amount of “compensation actually paid” to the non-PEO NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. No adjustments were required to be made to average total compensation for the non-PEO NEOs as a group for each year to determine the compensation actually paid pursuant to the requirements of Item 402(v) of Regulation S-K.
 

 

(5)

The cumulative total shareholder return (“TSR”) amounts reported in this column are calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. No dividends were paid on stock or option awards in fiscal 2021, fiscal 2022 or fiscal 2023.
 

 

(6)

The dollar amounts reported in this column represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
   
PEO Total Compensation Amount $ 894,667 $ 1,082,240 $ 1,037,842
Non-PEO NEO Average Total Compensation Amount 382,120 506,787 339,604
Non-PEO NEO Average Compensation Actually Paid Amount $ 382,120 506,787 339,604
Compensation Actually Paid vs. Total Shareholder Return

Narrative Disclosure to Pay Versus Performance Table

 

Compensation Actually Paid and Cumulative Total Shareholder Return. The graph below compares the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs, with our cumulative total stockholder return for the fiscal years ended October 31, 2023 and 2022. Total stockholder return amounts reported in the graph assume an initial fixed investment of $100 on November 1, 2021.

 

tsr.jpg

 

 

    
Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income. The graph below compares the compensation actually paid to our PEO and the average of the compensation actually paid to our remaining NEOs, with our net income for the fiscal years ended October 31, 2023 and 2022.

 

netincome.jpg

 

    
Total Shareholder Return Amount $ 69 126 178
Net Income (Loss) $ (3,078,000) $ 1,448,000 $ 6,181,000