XML 23 R4.htm IDEA: XBRL DOCUMENT 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