Equity incentive plan

6 Months Ended

Apr. 30, 2022

Share-Based Payment Arrangement [Abstract]

Note 13 – Equity incentive plan:

As of April 30, 2022, 442,060 shares are available for issuance under the Plan.

The following table summarizes stock option activity for the six and three month periods ended April 30, 2022 and 2021:

	Six and Three Months Ended April 30, 2022				Six and Three Months Ended April 30, 2021
	No. of Options		Weighted Average		No. of Options		Weighted Average
	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		293,540				277,340

For the six and three month periods ended April 30, 2022, compensation expense related to stock options vested amounted to approximately $10,000 and $5,000, respectively. For the six and three month periods ended April 30, 2021, compensation expense related to stock options vested amounted to approximately $24,000 and $12,000, respectively. At April 30, 2022, there was approximately $20,000 of unrecognized compensation cost relating to outstanding non-vested stock options to be recognized over the remaining weighted average vesting period of approximately 1.1 years. The aggregate intrinsic value of options vested and expected to vest and options exercisable at April 30, 2022 was approximately $1,978,000 and $1,830,000, respectively.