XML 62 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ 622,907us-gaap_ProfitLoss $ (72,478)us-gaap_ProfitLoss $ 2,626,200us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, amortization and accretion 2,022,648us-gaap_DepreciationDepletionAndAmortization 2,051,433us-gaap_DepreciationDepletionAndAmortization 2,181,100us-gaap_DepreciationDepletionAndAmortization
Bad debt expense (recovery) 18,915us-gaap_ProvisionForDoubtfulAccounts 20,461us-gaap_ProvisionForDoubtfulAccounts (10,327)us-gaap_ProvisionForDoubtfulAccounts
Deferred income tax expense (benefit) (423,524)us-gaap_DeferredIncomeTaxExpenseBenefit 998,747us-gaap_DeferredIncomeTaxExpenseBenefit (558,770)us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation expense 956,859us-gaap_ShareBasedCompensation 971,145us-gaap_ShareBasedCompensation 1,440,534us-gaap_ShareBasedCompensation
Impact of excess tax benefits from share-based compensation (33,462)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (41,598)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (3,562)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Loss on sale of property and equipment 39,137us-gaap_GainLossOnSaleOfPropertyPlantEquipment 12,858us-gaap_GainLossOnSaleOfPropertyPlantEquipment 6,974us-gaap_GainLossOnSaleOfPropertyPlantEquipment
(Increase) decrease in:      
Trade accounts receivable (4,143,294)us-gaap_IncreaseDecreaseInAccountsReceivable 2,628,971us-gaap_IncreaseDecreaseInAccountsReceivable (1,793,255)us-gaap_IncreaseDecreaseInAccountsReceivable
Other receivables 44,881us-gaap_IncreaseDecreaseInOtherReceivables (8,804)us-gaap_IncreaseDecreaseInOtherReceivables 294,502us-gaap_IncreaseDecreaseInOtherReceivables
Income taxes refundable 590,569us-gaap_IncreaseDecreaseInIncomeTaxesReceivable (472,511)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 316,066us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Inventories 716,160us-gaap_IncreaseDecreaseInInventories 229,740us-gaap_IncreaseDecreaseInInventories (1,966,834)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses (247,702)us-gaap_IncreaseDecreaseInPrepaidExpense 153,265us-gaap_IncreaseDecreaseInPrepaidExpense (118,948)us-gaap_IncreaseDecreaseInPrepaidExpense
Other assets, net     12,884us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in:      
Accounts payable and accrued expenses 2,171,801us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (800,378)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,336,095)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accrued compensation and payroll taxes 1,597,509us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (2,166,861)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 884,587us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Income taxes payable 731,513us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 18,661us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 26,499us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other noncurrent liabilities (280,599)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (47,114)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (16,946)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 4,384,318us-gaap_NetCashProvidedByUsedInOperatingActivities 3,475,537us-gaap_NetCashProvidedByUsedInOperatingActivities 1,984,609us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchase of and deposits for the purchase of property and equipment (2,820,183)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,983,960)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,467,089)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Investment in intangible assets (138,501)us-gaap_PaymentsToAcquireIntangibleAssets (164,584)us-gaap_PaymentsToAcquireIntangibleAssets (84,314)us-gaap_PaymentsToAcquireIntangibleAssets
Proceeds from sale of property and equipment   5,000us-gaap_ProceedsFromSaleOfProductiveAssets 80us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash used in investing activities (2,958,684)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,143,544)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,551,323)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Payroll taxes remitted on share-based payments 126,070us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation 357,852us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation 191,117us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Proceeds from note payable to bank 1,750,000us-gaap_ProceedsFromBankDebt 4,550,000us-gaap_ProceedsFromBankDebt 6,250,000us-gaap_ProceedsFromBankDebt
Principal payments on long-term debt and note payable to bank (2,008,651)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (3,297,749)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (5,437,485)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Payments for financing costs     (25,000)us-gaap_PaymentsOfFinancingCosts
Principal payments on related party loans   (86,177)us-gaap_RepaymentsOfRelatedPartyDebt  
Repurchase of common stock (195,206)us-gaap_PaymentsForRepurchaseOfCommonStock (543,420)us-gaap_PaymentsForRepurchaseOfCommonStock (1,176,661)us-gaap_PaymentsForRepurchaseOfCommonStock
Impact of excess tax benefits from share-based compensation 33,462us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 41,598us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3,562us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Common stock dividends paid (539,965)us-gaap_PaymentsOfDividendsCommonStock (479,128)us-gaap_PaymentsOfDividendsCommonStock (357,060)us-gaap_PaymentsOfDividendsCommonStock
Net cash used in financing activities (1,086,430)us-gaap_NetCashProvidedByUsedInFinancingActivities (172,728)us-gaap_NetCashProvidedByUsedInFinancingActivities (933,761)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash 339,204us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 159,265us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (500,475)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at beginning of year 750,303us-gaap_CashAndCashEquivalentsAtCarryingValue 591,038us-gaap_CashAndCashEquivalentsAtCarryingValue 1,091,513us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash at end of year 1,089,507us-gaap_CashAndCashEquivalentsAtCarryingValue 750,303us-gaap_CashAndCashEquivalentsAtCarryingValue 591,038us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:      
Cash payment for interest 394,241us-gaap_InterestPaid 449,134us-gaap_InterestPaid 524,936us-gaap_InterestPaid
Income taxes paid (refunded), net (586,290)us-gaap_IncomeTaxesPaidNet (187,548)us-gaap_IncomeTaxesPaidNet 1,462,886us-gaap_IncomeTaxesPaidNet
Noncash investing and financing activities:      
Capital expenditures accrued in accounts payable at year end 12,625us-gaap_CapitalExpendituresIncurredButNotYetPaid 19,132us-gaap_CapitalExpendituresIncurredButNotYetPaid 177,766us-gaap_CapitalExpendituresIncurredButNotYetPaid
Common stock dividends declared and included in accounts payable and accrued expenses at year end $ 136,931us-gaap_DividendsPayableCurrentAndNoncurrent $ 131,518us-gaap_DividendsPayableCurrentAndNoncurrent $ 96,327us-gaap_DividendsPayableCurrentAndNoncurrent