XML 38 R62.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 12 - Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $)
Oct. 31, 2014
Oct. 31, 2013
Deferred tax assets:    
Accounts receivable, due to allowances for doubtful accounts and sales returns $ 87,381us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts $ 166,789us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
Inventories, due to allowance for damaged and slow-moving inventories and additional costs inventoried for tax purposes pursuant to the Tax Reform Act of 1986 1,127,226us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves 951,543us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
Liabilities recorded for accrued expenses, deductible for tax purposes when paid 527,806us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities 119,054us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
Share-based compensation expense 163,928us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost 50,541us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
Investment in Centric Solutions 125,555us-gaap_DeferredTaxAssetsInvestmentInSubsidiaries 137,119us-gaap_DeferredTaxAssetsInvestmentInSubsidiaries
Net operating loss carryforwards 573,926us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 960,984us-gaap_DeferredTaxAssetsOperatingLossCarryforwards
Other 75,940us-gaap_DeferredTaxAssetsOther 113,579us-gaap_DeferredTaxAssetsOther
Total gross deferred tax assets 2,681,762us-gaap_DeferredTaxAssetsGross 2,499,609us-gaap_DeferredTaxAssetsGross
Deferred tax liabilities:    
Plant and equipment, due to differences in depreciation and capital gain recognition (442,870)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment (687,090)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment
Other receivables, due to accrual for financial reporting purposes (10,768)occ_DeferredTaxLiabilitiesOtherReceivablesAccrual (7,919)occ_DeferredTaxLiabilitiesOtherReceivablesAccrual
Total gross deferred tax liabilities (453,638)us-gaap_DeferredIncomeTaxLiabilities (695,009)us-gaap_DeferredIncomeTaxLiabilities
Net deferred tax asset $ 2,228,124us-gaap_DeferredTaxAssetsLiabilitiesNet $ 1,804,600us-gaap_DeferredTaxAssetsLiabilitiesNet