|
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
|
3 Months Ended |
|
Jan. 31, 2015
|
Jan. 31, 2014
|
| Net sales |
$ 17,358,844 |
$ 16,534,930 |
| Cost of goods sold |
11,973,453 |
11,127,268 |
| Gross profit |
5,385,391 |
5,407,662 |
| Selling, general and administrative expenses |
5,720,420 |
6,045,635 |
| Royalty expense, net |
56,163 |
29,502 |
| Amortization of intangible assets |
2,515 |
9,290 |
| Loss from operations |
(393,707) |
(676,765) |
| Other expense, net: |
|
|
| Interest expense |
(101,660) |
(112,929) |
| Other, net |
(2,254) |
22,221 |
| Other expense, net |
(103,914) |
(90,708) |
| Loss before income taxes |
(497,621) |
(767,473) |
| Income tax benefit |
(245,444) |
(323,801) |
| Net loss |
(252,177) |
(443,672) |
| Net loss attributable to noncontrolling interest |
(23,994) |
(31,536) |
| Net loss attributable to OCC |
$ (228,183) |
$ (412,136) |
| Net loss attributable to OCC per share: Basic and diluted (in dollars per share) |
$ (0.04) |
$ (0.07) |
| Dividends declared per share (in dollars per share) |
$ 0.02 |
$ 0.02 |