Equity incentive plan

3 Months Ended

Jan. 31, 2022

Share-based Payment Arrangement [Abstract]

Note 13 – Equity incentive plan:

As of January 31, 2022, 442,060 shares are available for issuance under the Plan.

The following table summarizes stock option activity for the three month periods ended January 31, 2022 and 2021:

	Three Months Ended January 31, 2022				Three Months Ended January 31, 2021
	No. of Options		Exercise		No. of Options		Exercise
	Outstanding		Price		Outstanding		Price
Options outstanding at beginning of period		310,740	$	18.35		310,740	$	18.35
Options granted during period		-		-		-		-
Options forfeited/cancelled during period		-		-		-		-
Options outstanding at end of period		310,740	$	18.35		310,740	$	18.35
Options vested and expected to vest		309,450				308,310
Options exercisable at end of period		292,540				276,340

For the three month periods ended January 31, 2022 and 2021, compensation expense related to stock options vested amounted to approximately $5,000 and $12,000, respectively. At January 31, 2022, there was approximately $25,000 of unrecognized compensation cost relating to outstanding non-vested stock options to be recognized over the remaining weighted average vesting period of approximately 1.4 years. The aggregate intrinsic value of options vested and expected to vest and options exercisable at January 31, 2022 was approximately $1,706,000 and $1,563,000, respectively.