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Note 11 - Commitments

9 Months Ended

Jul. 31, 2025

Notes to Financial Statements

Commitments Disclosure [Text Block]

Note 11 – Commitments

We have operating leases for corporate offices, manufacturing facilities, and certain storage units. Our leases have remaining lease terms of one year to 10 years. A portion of our operating leases are leased from K&K Unlimited, a company controlled by Darren Clark, the former owner and current President of Cables Unlimited, to whom we make rent payments totaling $18,000 per month.

We also have other operating leases for certain equipment. The components of our facilities and equipment operating lease expenses for the periods ended July 31, 2025 and 2024 were as follows (in thousands):

		Three Months Ended July 31,								Nine Months Ended July 31,
		2025				2024				2025				2024
Operating lease cost		$	733			$	749			$	2,212			$	2,217

As of July 31, 2025, operating lease right-of-use assets were $14.3 million and operating lease liabilities totaled $19.3 million, of which $2.0 million is classified as current. There were no finance leases as of July 31, 2025. Future minimum lease payments under non-cancellable leases as of July 31, 2025 are a total of $25.2 million.

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- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 440
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/440/tableOfContent

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No definition available.

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