 |
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 |
| X |
- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
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