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Note 18 - Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Oct. 31, 2017
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
( 18 ) | Quarterly Results of Operations (Unaudited)
The following is a summary of the unaudited quarterly results of operations for the years ended October 31, 2017 and 2016:
|  | Quarter ended |
Fiscal year ended October 31, 2017 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 14,606,252 |  |  | $ | 15,847,473 |  |  | $ | 16,432,243 |  |  | $ | 17,206,880 |
Gross profit |  |  | 4,810,399 |  |  |  | 5,663,039 |  |  |  | 5,305,787 |  |  |  | 5,018,702 |
Selling, general & administrative expenses |  |  | 5,192,648 |  |  |  | 5,898,502 |  |  |  | 5,426,018 |  |  |  | 5,451,589 |
Loss before income taxes |  |  | (636,367 | ) |  |  | (231,270 | ) |  |  | (281,065 | ) |  |  | (595,507 | )
Net loss attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Optical Cable Corporation |  |  | (615,767 | ) |  |  | (239,082 | ) |  |  | (295,160 | ) |  |  | (588,762 | )
Basic and diluted net loss per share attributable to Optical Cable Corporation |  | $ | (0.09 | ) |  | $ | (0.04 | ) |  | $ | (0.05 | ) |  | $ | (0.09 | )
|  | Quarter ended |
Fiscal year ended October 31, 2016 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 14,047,890 |  |  | $ | 16,340,153 |  |  | $ | 16,915,135 |  |  | $ | 17,312,823 |
Gross profit |  |  | 3,502,431 |  |  |  | 4,551,295 |  |  |  | 5,461,691 |  |  |  | 6,209,719 |
Selling, general & administrative expenses |  |  | 5,087,481 |  |  |  | 5,351,577 |  |  |  | 5,074,839 |  |  |  | 5,246,838 |
Loss before income taxes |  |  | (1,743,321 | ) |  |  | (992,653 | ) |  |  | 181,003 |  |  |  | 759,876 |
Net loss attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Optical Cable Corporation |  |  | (1,745,021 | ) |  |  | (983,122 | ) |  |  | 188,163 |  |  |  | 761,158 |
Basic and diluted net income (loss) per share attributable to Optical Cable Corporation |  | $ | (0.28 | ) |  | $ | (0.15 | ) |  | $ | 0.03 |  |  | $ | 0.11 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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