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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2023
Oct. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 4,897 $ 4,532
Trade accounts receivable, net of allowance for doubtful accounts of $271 and $126, respectively 10,277 14,812
Inventories 18,730 21,054
Other current assets 2,136 5,849
TOTAL CURRENT ASSETS 36,040 46,247
Property and equipment:    
Equipment and tooling 4,796 4,497
Furniture and office equipment 5,631 3,447
Property, Plant and Equipment, Gross 10,427 7,944
Less accumulated depreciation 5,503 4,771
Total property and equipment, net 4,924 3,173
Operating lease right of use assets, net 15,689 13,480
Goodwill 8,085 8,085
Amortizable intangible assets, net 13,595 15,296
Non-amortizable intangible assets 1,174 1,174
Deferred tax assets 2,494 1,816
Other assets 277 295
TOTAL ASSETS 82,278 89,566
CURRENT LIABILITIES    
Accounts payable 3,201 5,652
Accrued expenses 4,572 8,814
Revolving credit facility 1,000 0
Current portion of Term Loan 2,424 2,424
Current portion of operating lease liabilities 1,314 1,887
Income taxes payable 0 759
TOTAL CURRENT LIABILITIES 12,511 19,536
Operating lease liabilities 19,284 15,025
Term Loan, net of debt issuance cost 10,721 13,136
TOTAL LIABILITIES 42,516 47,697
Commitments and Contingencies  
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,290,377 and 10,193,287 shares issued and outstanding at April 30, 2023 and October 31, 2022, respectively 104 102
Additional paid-in capital 26,087 25,118
Retained earnings 13,571 16,649
TOTAL STOCKHOLDERS' EQUITY 39,762 41,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 82,278 $ 89,566