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Note 4 - Other Current Assets
 9 Months Ended
Jul. 31, 2022
Notes to Financial Statements  
Other Current Assets [Text Block]

Note 4 – Other current assets

 

Other current assets consist of the following (in thousands): 

 

   

July 31, 2022

    

October 31, 2021

  
                 

Employee retention credit ("ERC")

   $ 1,685     $ 1,774  

Prepaid taxes

     537       314  

Prepaid expense

     805       439  

Reimbursement for tenant improvements

     2,741       -  
Other     879       366  
Totals                
    $ 6,647     $ 2,893  

 

Pursuant to the CARES Act, eligible employers are able to claim an ERC, which is a refundable tax credit against certain employment taxes. If the employer’s employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS. The period assessed for eligibility of the ERC is on a calendar year basis. As of July 31, 2022, the remaining portion of the ERC that we have not yet received is included as other receivables in other current assets.