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Note 12 - Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2016
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
Fiscal year ended October 31, 2016 |  | Current |  |  | Deferred |  |  | Total |
U.S. Federal |  | $ | 35,118 |  |  | $ | — |  |  | $ | 35,118 |
State |  |  | (29,219 | ) |  |  | — |  |  |  | (29,219 | )
Totals |  | $ | 5,899 |  |  | $ | — |  |  | $ | 5,899 |
Fiscal year ended October 31, 2015 |  | Current |  |  | Deferred |  |  | Total |
U.S. Federal |  | $ | (624,825 | ) |  | $ | 2,098,615 |  |  | $ | 1,473,790 |
State |  |  | (120,917 | ) |  |  | 129,509 |  |  |  | 8,592 |
Totals |  | $ | (745,742 | ) |  | $ | 2,228,124 |  |  | $ | 1,482,382 |
Fiscal year ended October 31, 2014 |  | Current |  |  | Deferred |  |  | Total |
U.S. Federal |  | $ | 666,517 |  |  | $ | (370,553 | ) |  | $ | 295,964 |
State |  |  | 24,680 |  |  |  | (52,971 | ) |  |  | (28,291 | )
Totals |  | $ | 691,197 |  |  | $ | (423,524 | ) |  | $ | 267,673 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Years ended October 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
“Expected” tax expense (benefit) |  | $ | (610,332 | ) |  | $ | (957,121 | ) |  | $ | 302,797 |
Increase (reduction) in income tax expense (benefit) resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Benefits from domestic manufacturing deduction |  |  | — |  |  |  | — |  |  |  | (61,024 | )
State income taxes, net of federal benefit |  |  | (79,386 | ) |  |  | (78,880 | ) |  |  | (23,031 | )
Loss of permanent deductions due to NOL carryback |  |  | — |  |  |  | 35,636 |  |  |  | — |
Other differences, net |  |  | 50,627 |  |  |  | 67,491 |  |  |  | 48,931 |
Change in valulation allowance |  |  | 644,990 |  |  |  | 2,415,256 |  |  |  | — |
Reported income tax expense |  | $ | 5,899 |  |  | $ | 1,482,382 |  |  | $ | 267,673 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | October 31, |
|  | 2016 |  |  | 2015 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accounts receivable, due to allowances for doubtful accounts and sales returns |  | $ | 87,472 |  |  | $ | 53,316 |
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 |  |  | 999,468 |  |  |  | 1,118,735 |
Liabilities recorded for accrued expenses, deductible for tax purposes when paid |  |  | 67,758 |  |  |  | 65,213 |
Share-based compensation expense |  |  | 134,653 |  |  |  | 131,487 |
Investment in Centric Solutions |  |  | 6,984 |  |  |  | 114,118 |
Net operating loss carryforwards |  |  | 1,958,734 |  |  |  | 1,437,611 |
Other |  |  | 110,773 |  |  |  | 57,413 |
Total gross deferred tax assets |  |  | 3,365,842 |  |  |  | 2,977,893 |
Valuation allowance |  |  | (3,060,246 | ) |  |  | (2,415,256 | )
Net deferred tax assets |  |  | 305,596 |  |  |  | 562,637 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Plant and equipment, due to differences in depreciation and capital gain recognition |  |  | (301,590 | ) |  |  | (558,222 | )
Other receivables, due to accrual for financial reporting purposes |  |  | (4,006 | ) |  |  | (4,415 | )
Total gross deferred tax liabilities |  |  | (305,596 | ) |  |  | (562,637 | )
Net deferred tax asset |  | $ | — |  |  | $ | — |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | October 31, |
|  | 2016 |  |  | 2015 |
Unrecognized tax benefits balance at beginning of year |  | $ | 79,322 |  |  | $ | 168,756 |
Gross decreases for tax positions of prior years |  |  | (1,000 | ) |  |  | (88,050 | )
Settlements with taxing authorities |  |  | — |  |  |  | (1,384 | )
Unrecognized tax benefits balance at end of year |  | $ | 78,322 |  |  | $ | 79,322 |

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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=65882285&loc=d3e32639-109319 + 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=65882285&loc=d3e32687-109319 + Details
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