XML 87 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2015
Oct. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 7,595 $ 14,718
Trade accounts receivable, net of allowance for doubtful accounts of $59 and $30 3,980 2,428
Inventories 6,928 5,259
Other current assets 728 618
Deferred tax assets 426 416
TOTAL CURRENT ASSETS 19,657 23,439
Property and equipment:    
Equipment and tooling 3,215 2,610
Furniture and office equipment 936 777
Total 4,151 3,387
Less accumulated depreciation 3,230 2,558
Total property and equipment 921 829
Goodwill 5,913 3,076
Amortizable intangible assets, net 4,268 1,187
Non-amortizable intangible assets 1,387 410
Note receivable from stockholder 67 67
Other assets 39 21
TOTAL ASSETS 32,252 29,029
CURRENT LIABILITIES    
Accounts payable 1,493 867
Accrued expenses 2,868 1,422
Customer deposit 0 73
TOTAL CURRENT LIABILITIES 4,361 2,362
Deferred tax liabilities 1,143 811
Other long-term liabilities 377 0
TOTAL LIABILITIES $ 5,881 $ 3,173
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 8,713,664 and 8,255,979 shares issued and outstanding at October 31, 2015 and 2014, respectively $ 87 $ 83
Additional paid-in capital 19,129 17,230
Retained earnings 7,155 8,543
TOTAL STOCKHOLDERS' EQUITY 26,371 25,856
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 32,252 $ 29,029