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Condensed Consolidated Balance Sheets (USD $)
Oct. 31, 2013
Oct. 31, 2012
Assets    
Cash $ 750,303 $ 591,038
Trade accounts receivable, net of allowance for doubtful accounts of $74,073 in 2013 and $92,148 in 2012 9,951,970 12,601,402
Other receivables 225,016 216,212
Income taxes refundable 590,569 118,058
Inventories 18,234,279 18,464,019
Prepaid expenses and other assets 331,141 484,406
Deferred income taxes - current 1,726,695 2,289,530
Total current assets 31,809,973 34,764,665
Property and equipment, net 12,827,198 11,648,166
Intangible assets, net 340,807 245,956
Deferred income taxes - noncurrent 161,063 513,817
Other assets, net 275,858 589,741
Total assets 45,414,899 47,762,345
Liabilities and Shareholders' Equity    
Current installments of long-term debt 258,628 247,739
Accounts payable and accrued expenses 3,267,812 4,191,633
Accrued compensation and payroll taxes 1,297,591 3,464,452
Income taxes payable 0 22,937
Total current liabilities 4,824,031 7,926,761
Note payable to bank 2,500,000 1,000,000
Long-term debt, excluding current installments 7,497,042 7,755,680
Deferred income taxes - noncurrent 83,158 0
Other noncurrent liabilities 950,952 1,044,862
Total liabilities 15,855,183 17,727,303
Shareholders' equity:    
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,570,734 shares in 2013 and 6,411,592 in 2012 8,679,435 8,024,544
Retained earnings 21,519,238 22,619,814
Total shareholders’ equity attributable to Optical Cable Corporation 30,198,673 30,644,358
Noncontrolling interest (638,957) (609,316)
Total shareholders’ equity 29,559,716 30,035,042
Commitments and contingencies      
Total liabilities and shareholders’ equity $ 45,414,899 $ 47,762,345