Subsequent events

3 Months Ended

Jan. 31, 2019

Note 14 - Subsequent events

On February 1, 2019, Cables Unlimited amended its lease with 100 Bellport Avenue, LLC to expand the leased space by an additional 5,000 square feet, resulting in a total rent expense of $9,375 per month.

On March 8, 2019, the Board of Directors of the Company declared a quarterly cash dividend of $

0.02

per share to be paid on April 15, 2019 to stockholders of record on

March 31, 2019

On March 11, 2019, the Company announced that it has entered into a binding agreement to purchase all of the assets of C Enterprises, L.P., a California based designer, manufacturer, and distributor of fiber and copper custom cables and cable assembles, and other related products used in the data center, networking, and wireless markets. The total cash outlay related to the purchase of C Enterprises is currently not expected to have a material impact on the Company’s liquidity and capital resources.