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Note 12 - Income Taxes (Tables)

12 Months Ended

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.

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