Note 5 - Product Warranties

9 Months Ended

Jul. 31, 2015

Product Warranty Disclosure [Text Block]

(5)	Product Warranties

As of July 31, 2015 and October 31, 2014, the Company’s accrual for estimated product warranty claims totaled $195,000 and $100,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and nine months ended July 31, 2015 totaled $73,228 and $229,643, respectively, and warranty claims expense for the three months and nine months ended July 31, 2014 totaled $86,430 and $195,965, respectively.

The following table summarizes the changes in the Company’s accrual for product warranties during the nine months ended July 31, 2015 and 2014:

	Nine Months Ended
	July 31,
	2015			2014
Balance at beginning of period	$	100,000		$	190,000
Liabilities accrued for warranties issued during the period		205,376			299,477
Warranty claims and costs paid during the period		(134,643	)		(250,965	)
Changes in liability for pre-existing warranties during the period		24,267			(103,512	)
Balance at end of period	$	195,000		$	135,000