Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Apr. 30, 2016 |
Apr. 30, 2015 |
Apr. 30, 2016 |
Apr. 30, 2015 |
|
| Net sales | $ 16,340,153 | $ 18,676,107 | $ 30,388,043 | $ 36,034,951 |
| Cost of goods sold | 11,788,858 | 13,006,796 | 22,334,317 | 24,980,249 |
| Gross profit | 4,551,295 | 5,669,311 | 8,053,726 | 11,054,702 |
| Selling, general and administrative expenses | 5,351,577 | 6,474,414 | 10,439,058 | 12,194,834 |
| Royalty expense, net | 51,551 | 34,111 | 66,329 | 90,274 |
| Amortization of intangible assets | 3,846 | 2,559 | 7,128 | 5,074 |
| Loss from operations | (855,679) | (841,773) | (2,458,789) | (1,235,480) |
| Other expense, net: | ||||
| Interest expense | (135,704) | (103,374) | (293,518) | (205,034) |
| Other, net | (1,270) | 6,601 | 16,333 | 4,347 |
| Other expense, net | (136,974) | (96,773) | (277,185) | (200,687) |
| Loss before income taxes | (992,653) | (938,546) | (2,735,974) | (1,436,167) |
| Income tax expense (benefit) | (9,531) | (430,673) | 14,341 | (676,117) |
| Net loss | $ (983,122) | (507,873) | (2,750,315) | (760,050) |
| Net loss attributable to noncontrolling interest | (17,729) | (22,172) | (41,723) | |
| Net loss attributable to OCC | $ (983,122) | $ (490,144) | $ (2,728,143) | $ (718,327) |
| Net loss attributable to OCC per share: Basic and diluted (in dollars per share) | $ (0.15) | $ (0.08) | $ (0.43) | $ (0.12) |
| Cash dividends declared per common share (in dollars per share) | $ 0.02 | $ 0.04 | ||