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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2013
Income Tax Disclosure [Abstract] |
Schedule Of Income Tax Expense (Benefit) | Income tax expense (benefit) for the years ended October 31, 2013, 2012 and 2011 consists of:
Fiscal year ended October 31, 2013 |  | Current |  | Deferred |  | Total
U.S. Federal |  | $ | (640,652 | ) |  | $ | 930,956 |  |  | $ | 290,304 |
State |  | (10,307 | ) |  | 67,791 |  |  | $ | 57,484 |
Totals |  | $ | (650,959 | ) |  | $ | 998,747 |  |  | $ | 347,788 |
Fiscal year ended October 31, 2012 |  | Current |  | Deferred |  | Total
U.S. Federal |  | $ | 1,648,945 |  |  | $ | (491,256 | ) |  | $ | 1,157,689 |
State |  | 167,160 |  |  | (67,514 | ) |  | $ | 99,646 |
Totals |  | $ | 1,816,105 |  |  | $ | (558,770 | ) |  | $ | 1,257,335 |
Fiscal year ended October 31, 2011 |  | Current |  | Deferred |  | Total
U.S. Federal |  | $ | 137,721 |  |  | $ | 143,800 |  |  | $ | 281,521 |
State |  | 128,434 |  |  | (11,703 | ) |  | $ | 116,731 |
Totals |  | $ | 266,155 |  |  | $ | 132,097 |  |  | $ | 398,252 |
Schedule Of Effective Income Tax Reconciliation | Reported income tax expense (benefit) for the years ended October 31, 2013, 2012 and 2011 differs from the “expected” tax expense (benefit), computed by applying the U.S. Federal statutory income tax rate of 34% to income (loss) before income taxes as follows:
| Year ended October 31,
| 2013 |  | 2012 |  | 2011
“Expected” tax expense | $ | 93,605 |  |  | 1,320,402 |  |  | $ | 290,955 |
Increase (reduction) in income tax expense resulting from: |  |  |  |  |
Benefit from domestic manufacturing deduction | — |  |  | (177,230 | ) |  | (13,702 | )
Nondeductible compensation | 93,886 |  |  | — |  |  | — |
State income taxes, net of federal benefit | 39,331 |  |  | 62,936 |  |  | 77,042 |
Loss of permanent deductions due to NOL carryback | 54,907 |  |  | — |  |  | — |
Other differences, net | 66,059 |  |  | 51,227 |  |  | 43,957 |
Reported income tax expense | $ | 347,788 |  |  | $ | 1,257,335 |  |  | $ | 398,252 |
Schedule Of Deferred Tax Assets And Liabilities | The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and deferred tax liabilities as of October 31, 2013 and 2012 are presented below:
| October 31,
| 2013 |  | 2012
Deferred tax assets: |  |  |
Accounts receivable, due to allowances for doubtful accounts and sales returns | $ | 166,789 |  |  | $ | 77,356 |
Inventories, due to allowance for damaged and slow-moving inventories and additional costs inventoried for tax purposes pursuant to the Tax Reform Act of 1986 | 951,543 |  |  | 995,304 |
Liabilities recorded for accrued expenses, deductible for tax purposes when paid | 119,054 |  |  | 755,772 |
Share-based compensation expense | 50,541 |  |  | 205,131 |
Investment in Centric Solutions | 137,119 |  |  | 153,631 |
Net operating loss carryforwards | 960,984 |  |  | 951,397 |
Other | 113,579 |  |  | 92,766 |
Total gross deferred tax assets | 2,499,609 |  |  | 3,231,357 |
Deferred tax liabilities: |  |  |
Plant and equipment, due to differences in depreciation and capital gain recognition | (687,090 | ) |  | (428,010 | )
Other receivables, due to accrual for financial reporting purposes | (7,919 | ) |  | — |
Total gross deferred tax liabilities | (695,009 | ) |  | (428,010 | )
Net deferred tax asset | $ | 1,804,600 |  |  | $ | 2,803,347 |
Schedule Of Unrecognized Tax Benefits | A reconciliation of the unrecognized tax benefits for fiscal years 2013 and 2012 follows:
| October 31,
| 2013 |  | 2012
Unrecognized tax benefits balance at beginning of year | $ | 221,339 |  |  | $ | 205,171 |
Gross decreases for tax positions of prior years | (23,282 | ) |  | (30,055 | )
Gross increases for current year tax positions | 250 |  |  | 46,223 |
Unrecognized tax benefits balance at end of year | $ | 198,307 |  |  | $ | 221,339 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
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