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Note 11 - Commitments

3 Months Ended

Jan. 31, 2026

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 five 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 of $18,540 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 January 31, 2026 and 2025 were as follows (in thousands):

		Three Months Ended January 31,
		2026				2025
Operating lease cost		$	742			$	739

As of January 31, 2026, operating lease right-of-use assets were $13.4 million and operating lease liabilities totaled $18.2 million, of which $2.1 million is classified as current. There were no finance leases as of January 31, 2026. Future minimum lease payments under non-cancellable leases as of January 31, 2026 consist of a total of $23.5 million.

The Schrofftech facility in North Kingstown, RI, is approximately 7,000 square feet and leased by RF Industries, Ltd. under a lease that was renewed for two years effective February 1, 2026, expiring January 31, 2028. The aggregate monthly rental payment under the new lease currently is $4,745 per month in 2026 and increasing to $4,888 in 2027.

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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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