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Note 11 - Segment Information
 12 Months Ended
Oct. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(11)

Segment Information

 

Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the CODM, who makes decisions about allocating resources and assessing performance. The Company’s CODM is its Chief Executive Officer.

 

The Company has identified a single reportable segment for purposes of segment reporting and manages the business activities of the single operating segment on a consolidated basis. The Company’s single operating segment derives revenues from sales of its fiber optic and copper data communication cabling and connectivity solutions in the enterprise market and various harsh environment and specialty markets.

 

Financial information is provided to the CODM primarily on a consolidated basis. The CODM evaluates the Company’s financial performance and makes key operating decisions, including the allocation of resources, based primarily on consolidated net sales, consolidated operating income (loss) and net income (loss). The Company’s financial statements provide a comprehensive view of its overall financial condition.

 

The following table presents selected financial information with respect to the Company's single reportable segment, including significant single reportable segment expenses that are regularly provided to the CODM:

 

   

Years ended October 31,

  
   

2025

    

2024

  

Net sales

   $ 73,038,213     $ 66,674,099  

Cost of goods sold

     50,439,277       48,469,327  

Employee related expenses

     15,156,256       14,540,632  

Shipping expenses

     1,951,899       1,565,897  

Travel and entertainment expenses

     690,327       610,097  

Professional fees and expenses

     761,950       581,837  

Other (1)

     4,488,836       4,282,596  

Loss from operations

     (450,332 )     (3,376,287 )

Other expense

                

Interest expense

     (1,005,276 )     (1,166,630 )

Gain on insurance proceeds, net

     —       304,307  

Other income (expense)

     31,051       49,101  

Other expense, net

     (974,225 )     (813,222 )

Loss before income taxes

     (1,424,557 )     (4,189,509 )

Income tax expense

     (30,297 )     (20,702 )

Net loss

   $ (1,454,854 )   $ (4,210,211 )

 

(1) Other is comprised of other segment SG&A expenses including certain public company expenses, corporate insurance premiums not included in employee related expenses, marketing expenses, certain office and manufacturing facility expenses and all other SG&A expenses not individually set forth in the table above, as well as royalty expense, net and amortization of intangible assets.

 

 

Information related to the Company’s geographical distribution of revenues is disclosed in note 12.