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Note 3 - Inventories and Major Vendors | 6 Months Ended
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Apr. 30, 2021
Notes to Financial Statements |
Inventory Disclosure [Text Block] | Note 3 – Inventories and major vendors Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method. Inventories consist of the following (in thousands):
|  | April 30, 2021 |  |  | October 31, 2020 |
Raw materials and supplies |  | $ | 5,035 |  |  | $ | 4,410 |
Work in process |  |  | 314 |  |  |  | 196 |
Finished goods |  |  | 4,225 |  |  |  | 3,980 |
Totals |  | $ | 9,574 |  |  | $ | 8,586 |
For the three months ended April 30, 2021, one vendor accounted for 15% of inventory purchases, while no vendors accounted for more than 10% of inventory purchases for the three months ended April 30, 2020. No vendors accounted for more than 10% of inventory purchases for the six months ended April 30, 2021 or 2020. We have arrangements with our vendors to purchase products based on purchase orders that we periodically issue.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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