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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jan. 31, 2013
Oct. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 6,948,965 $ 5,491,768
Trade accounts receivable, net of allowance for doubtful accounts of $119,606 and $95,500 5,778,979 5,167,012
Inventories 6,737,372 6,984,546
Other current assets 949,964 639,954
Deferred tax assets 760,966 760,966
TOTAL CURRENT ASSETS 21,176,246 19,044,246
Property and equipment:    
Equipment and tooling 2,369,601 2,348,955
Furniture and office equipment 677,484 655,714
TOTALS 3,047,085 3,004,669
Less accumulated depreciation 1,904,558 1,800,371
Total property and equipment 1,142,527 1,204,298
Goodwill 3,076,023 3,076,023
Amortizable intangible assets, net 1,572,162 1,627,213
Non-amortizable intangible assets 410,000 410,000
Note receivable from stockholder 66,980 66,980
Other assets 34,658 34,658
TOTAL ASSETS 27,478,596 25,463,418
CURRENT LIABILITIES    
Accounts payable 1,056,125 1,429,076
Accrued expenses 2,361,221 2,101,691
Customer deposit 50,957 0
Income taxes payable 332,294 609,709
TOTAL CURRENT LIABILITIES 3,800,597 4,140,476
Deferred tax liabilities 1,077,157 1,077,157
Other long-term liabilities 5,097 15,480
TOTAL LIABILITIES 4,882,851 5,233,113
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 7,467,809 and 6,978,374 shares issued and outstanding at January 31, 2013 and October 31, 2012, respectively 74,678 69,783
Additional paid-in capital 13,585,795 12,007,523
Retained earnings 8,935,272 8,152,999
TOTAL STOCKHOLDERS' EQUITY 22,595,745 20,230,305
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 27,478,596 $ 25,463,418