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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jul. 31, 2021
Oct. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 12,578,000 $ 15,797,000
Trade accounts receivable, net of allowance for doubtful accounts of $79 and $66, respectively 10,526,000 5,669,000
Inventories 10,400,000 8,586,000
Other current assets 4,124,000 813,000
TOTAL CURRENT ASSETS 37,628,000 30,865,000
Property and equipment:    
Equipment and tooling 3,948,000 3,819,000
Furniture and office equipment 1,093,000 1,073,000
Property, Plant and Equipment, Gross, Ending Balance 5,041,000 4,892,000
Less accumulated depreciation 4,282,000 4,082,000
Total property and equipment, net 759,000 810,000
Operating lease right of use assets, net 1,482,000 1,421,000
Goodwill 2,467,000 2,467,000
Amortizable intangible assets, net 2,834,000 3,181,000
Non-amortizable intangible assets 1,174,000 1,174,000
Deferred tax assets 0 834,000
Other assets 70,000 70,000
TOTAL ASSETS 46,414,000 40,822,000
CURRENT LIABILITIES    
Accounts payable 2,461,000 1,475,000
Accrued expenses 3,697,000 2,573,000
Current portion of PPP Loans 0 1,699,000
Current portion of operating lease liabilities 848,000 874,000
Income taxes payable 0 43,000
TOTAL CURRENT LIABILITIES 7,006,000 6,664,000
Deferred tax liabilities 90,000 0
Operating lease liabilities 698,000 635,000
PPP Loans 0 1,089,000
Other long-term liabilities 0 370,000
TOTAL LIABILITIES 7,794,000 8,758,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,025,598 and 9,814,118 shares issued and outstanding at July 31, 2021 and October 31, 2020, respectively 100,000 98,000
Additional paid-in capital 24,132,000 22,946,000
Retained earnings 14,388,000 9,020,000
TOTAL STOCKHOLDERS' EQUITY 38,620,000 32,064,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 46,414,000 $ 40,822,000