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Consolidated Balance Sheets - USD ($)
Oct. 31, 2018
Oct. 31, 2017
Current assets:    
Cash $ 177,413 $ 891,169
Trade accounts receivable, net of allowance for doubtful accounts of $64,242 in 2018 and $87,446 in 2017 12,832,890 8,940,540
Other receivables 61,951 72,098
Inventories 17,474,755 16,781,449
Prepaid expenses and other assets 500,021 418,122
Total current assets 31,047,030 27,103,378
Property and equipment, net 11,204,639 12,210,692
Income taxes refundable - noncurrent 49,281
Intangible assets, net 635,035 624,264
Other assets, net 162,475 200,846
Total assets 43,098,460 40,139,180
Current liabilities:    
Current installments of long-term debt 260,954 250,726
Accounts payable and accrued expenses 3,256,153 2,590,252
Accrued compensation and payroll taxes 3,489,070 1,340,749
Income taxes payable 21,666 15,150
Total current liabilities 7,027,843 4,196,877
Note payable to bank 3,000,000 5,700,000
Long-term debt, excluding current installments 6,158,630 6,419,607
Other noncurrent liabilities 101,150 133,174
Total liabilities 16,287,623 16,449,658
Shareholders’ equity:    
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 7,694,387 shares in 2018 and 7,315,605 shares in 2017 13,816,140 11,762,021
Retained earnings 12,994,697 11,927,501
Total shareholders’ equity 26,810,837 23,689,522
Commitments and contingencies
Total liabilities and shareholders’ equity $ 43,098,460 $ 40,139,180