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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2019
Oct. 31, 2018
Current assets:    
Cash $ 310,667 $ 177,413
Trade accounts receivable, net of allowance for doubtful accounts of $82,124 at April 30, 2019 and $64,242 at October 31, 2018 11,717,202 12,832,890
Other receivables 49,949 61,951
Inventories 20,243,223 17,474,755
Prepaid expenses and other assets 433,096 500,021
Total current assets 32,754,137 31,047,030
Property and equipment, net 10,779,540 11,204,639
Income taxes refundable - noncurrent 49,281 49,281
Intangible assets, net 664,576 635,035
Other assets, net 93,445 162,475
Total assets 44,340,979 43,098,460
Current liabilities:    
Current installments of long-term debt 265,541 260,954
Accounts payable and accrued expenses 8,230,813 3,256,153
Accrued compensation and payroll taxes 1,671,375 3,489,070
Income taxes payable 24,604 21,666
Total current liabilities 10,192,333 7,027,843
Note payable to bank - noncurrent 5,150,000 3,000,000
Long-term debt, excluding current installments 6,024,533 6,158,630
Other noncurrent liabilities 69,373 101,150
Total liabilities 21,436,239 16,287,623
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 7,460,535 shares at April 30, 2019 and 7,694,387 shares at October 31, 2018 13,776,982 13,816,140
Retained earnings 9,127,758 12,994,697
Total shareholders’ equity 22,904,740 26,810,837
Total liabilities and shareholders’ equity $ 44,340,979 $ 43,098,460