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Note 8 - Leases | 12 Months Ended
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Oct. 31, 2017
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] |
( 8 ) | Leases
The Company has an operating lease agreement for approximately 34,000 square feet of office, manufacturing and warehouse space in Plano, Texas (near Dallas). The lease term runs through November 30, 2019. The minimum rent payments, including rent holidays, are recognized on a straight-line basis over the term of the lease. Centric Solutions entered into an operating lease agreement in August 2008 for approximately 23,000 square feet of office and manufacturing space in Coppell, Texas, with a term of approximately seven years. On November 30, 2015 Centric Solutions ’ operating lease expired and was not renewed. The Company entered into an operating lease agreement in April 2015 for approximately 36,000 square feet of warehouse space in Roanoke, Virginia. The lease term is for twelve months and terminated on April 30, 2016, but the Company exercised the first and second of its four ( 4 ) one year options to renew the lease and anticipates it will exercise the remaining two ( 2 ) one year options. The rent payments are recognized on a straight-line basis over the extended term of the lease. The Company ’s future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of October 31, 2017 consist of the following:
Fiscal year |  | Operating Lease |
2018 |  |  | 318,629 |
2019 |  |  | 327,106 |
2020 |  |  | 72,041 |
Total |  | $ | 717,776 |
Total rent expense associated with the operating leases for the fiscal years ended October 31, 201 7, 2016 and 2015 was $403,178, $391,116 and $479,937, respectively.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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