XML 29 R11.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 4 - Inventories and Major Vendors
12 Months Ended
Oct. 31, 2023
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 4 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): 

 

   

2023

   

2022

 
                 

Raw materials and supplies

  $ 12,957     $ 15,238  

Work in process

    439       439  

Finished goods

    5,334       5,377  
                 

Totals

  $ 18,730     $ 21,054  

 

One vendor accounted for 15% of inventory purchases during the fiscal year ended October 31, 2023, and one vendor accounted for 27% of inventory purchases for the fiscal year ended October 31, 2022. We have arrangements with our vendors to purchase products based on purchase orders that we periodically issue.