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v3.8.0.1

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Oct. 31, 2017 | Oct. 31, 2016 | Oct. 31, 2015
Net sales | $ 64,092,848 | $ 64,616,001 | $ 73,568,738
Cost of goods sold | 43,294,921 | 44,890,865 | 51,772,851
Gross profit | 20,797,927 | 19,725,136 | 21,795,887
Selling, general and administrative expenses | 21,968,757 | 20,760,735 | 24,042,554
Royalty expense, net | 120,478 | 164,463 | 124,271
Amortization of intangible assets | 25,704 | 16,903 | 10,860
Loss from operations | (1,317,012) | (1,216,965) | (2,381,798)
Other expense, net: |  |  |
Interest expense | (523,035) | (620,810) | (439,921)
Other, net | 95,838 | 42,680 | 6,656
Other expense, net | (427,197) | (578,130) | (433,265)
Loss before income taxes | (1,744,209) | (1,795,095) | (2,815,063)
Income tax expense (benefit) | (5,438) | 5,899 | 1,482,382
Net loss | (1,738,771) | (1,800,994) | (4,297,445)
Net loss attributable to noncontrolling interest |  | (22,172) | (41,780)
Net loss attributable to Optical Cable Corporation | $ (1,738,771) | $ (1,778,822) | $ (4,255,665)
Net loss attributable to Optical Cable Corporation per share - basic and diluted (in dollars per share) | $ (0.27) | $ (0.28) | $ (0.69)
Dividends declared per share (in dollars per share) | $ 0 | $ 0 | $ 0.08

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