Business activities and summary of significant accounting policies (Tables)

12 Months Ended

Oct. 31, 2017

Accounting Policies [Abstract]

Schedule of Fair Value, Assets and Liabilities

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2017 (in thousands):

Description	Level 1		Level 2		Level 3
Earn-out liability	$	-	$	-	$	236

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2016 (in thousands):

Description	Level 1		Level 2		Level 3
Earn-out liability	$	-	$	-	$	835

Fair Value, Liabilities Measured on Recurring Basis

The following table summarizes the Level 3 transactions for the years ended October 31, 2017 and 2016 (in thousands):

	Level 3
	2017		2016
Beginning balance	$	835	$	1,527
Payments		(578)		(790)
Change in value		(21)		98
Ending Balance	$	236	$	835

Components of Intangible Assets

Intangible assets consist of the following as of October 31 (in thousands): 

	2017		2016
Amortizable intangible assets:
Non-compete agreements (estimated lives 3 - 5 years)	$	310	$	310
Accumulated amortization		(310)		(273)
		-		37
Customer relationships (estimated lives 7 - 15 years)		5,099		5,099
Accumulated amortization		(2,186)		(1,644)
		2,913		3,455
Patents (estimated life 14 years)		142		142
Accumulated amortization		(25)		(15)
		117		127
Totals	$	3,030	$	3,619
Non-amortizable intangible assets:
Trademarks	$	1,237	$	1,237

Estimated Amortization Expense Related To Finite Lived Intangible Assets

Estimated amortization expense related to finite lived intangible assets is as follows (in thousands):

Year ending
October 31,	Amount
2018	$	553
2019		553
2020		553
2021		413
2022		413
Thereafter		545
Total	$	3,030

Calculation of Basic And Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings (loss) per share:

	2017		2016
Numerators:
Consolidated net income (loss) (A)	$	382,000	$	(4,089,000)
Denominators:
Weighted average shares outstanding for basic earnings (loss) per share (B)		8,840,895		8,786,510
Add effects of potentially dilutive securities - assumed exercise of stock options		74,869		-
Weighted average shares outstanding for diluted earnings (loss) per share (C)		8,915,764		8,786,510
Basic earnings (loss) per share (A)/(B)	$	0.04	$	(0.47)
Diluted earnings (loss) per share (A)/(C)	$	0.04	$	(0.47)