XML 35 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
5. FORMATION OF SUBSIDIARY (Tables)
 12 Months Ended
Oct. 31, 2016
Formation Of Subsidiary Tables  
Summary of assets purchased and liabilities assumed

Assets acquired:      
Accounts receivable   $ 84,142  
Inventory     269,565  
Equipment     40,000  
Customer list     120,000  
Goodwill     577,905  
Less: liabilities assumed     (72,044 )
Net assets acquired:   $ 1,019,568  
Purchase of assets funded by:        
Cash paid   $ 819,564  
Redeemable Common Stock     200,004  
    $ 1,019,568  
Pro forma results of operations
  Year ended October 31,
     2016      2015  
             
Pro forma sales   $ 80,132,616     $ 119,711,018  
Pro forma net income (loss)   $ 2,290,084     $ (1,433,493 )
Pro forma basic and diluted earnings per share   $ .38     $ (.23 )
Basic and diluted weighted average common shares outstanding     6,082,777       6,212,929