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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 5,368,000 $ (240,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Bad debt expense 17,000 17,000
Depreciation and amortization 592,000 760,000
Stock-based compensation expense 634,000 449,000
Tax payments related to shares cancelled for vested restricted stock awards (13,000) 0
Deferred income taxes 924,000 219,000
PPP Loan and interest forgiveness (2,807,000) 0
Changes in operating assets and liabilities:    
Trade accounts receivable (4,874,000) 7,395,000
Inventories (1,814,000) (219,000)
Other current assets (3,311,000) (544,000)
Right of use assets (24,000) 94,000
Other long-term assets 0 (2,000)
Accounts payable 986,000 (1,293,000)
Accrued expenses 1,143,000 (1,576,000)
Income taxes payable (43,000) (21,000)
Other long-term liabilities (370,000) (778,000)
Net cash (used in) provided by operating activities (3,592,000) 4,261,000
INVESTING ACTIVITIES:    
Capital expenditures (194,000) (117,000)
Net cash used in investing activities (194,000) (4,018,000)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 567,000 445,000
Dividends paid 0 (388,000)
Net cash provided by financing activities 567,000 2,845,000
Net (decrease) increase in cash and cash equivalents (3,219,000) 3,088,000
Cash and cash equivalents, beginning of period 15,797,000 12,540,000
Cash and cash equivalents, end of period 12,578,000 15,628,000
Supplemental cash flow information – income taxes paid 309,000 415,000
Paycheck Protection Program CARES Act [Member]    
FINANCING ACTIVITIES:    
Proceeds from PPP Loan 0 2,788,000
Schrofftech [Member]    
INVESTING ACTIVITIES:    
Purchase of company, net of cash acquired $ 0 $ (3,901,000)