XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Income (USD $)
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Net sales:    
Equipment $ 15,910,289 $ 9,318,844
Parts and service 1,909,656 1,730,670
Total net sales 17,819,945 11,049,514
Cost of sales 14,092,373 8,587,872
Gross profit 3,727,572 2,461,642
Operating expense:    
Selling expense 802,864 524,141
Administrative expense 1,041,563 828,635
Total operating expense 1,844,427 1,352,776
Operating income 1,883,145 1,108,866
Other income (expense):    
Interest income 6,047 8,297
Interest expense (516)   
Total other income (expense) 5,531 8,297
Income before income taxes 1,888,676 1,117,163
Income tax provision 681,246 433,500
Net income $ 1,207,430 $ 683,663
Basic income per share $ 0.23 $ 0.13
Diluted income per share $ 0.23 $ 0.13
Weighted average number of shares outstanding    
- Basic (in shares) 5,183,895 5,077,045
- Diluted (in shares) 5,183,895 5,133,014