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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jul. 31, 2019
Oct. 31, 2018
Current assets:    
Cash $ 1,099,612 $ 177,413
Trade accounts receivable, net of allowance for doubtful accounts of $95,664 at July 31, 2019 and $64,242 at October 31, 2018 9,964,662 12,832,890
Other receivables 35,913 61,951
Inventories 18,812,511 17,474,755
Prepaid expenses and other assets 437,993 500,021
Total current assets 30,350,691 31,047,030
Property and equipment, net 10,420,001 11,204,639
Income taxes refundable - noncurrent 50,007 49,281
Intangible assets, net 663,966 635,035
Other assets, net 33,754 162,475
Total assets 41,518,419 43,098,460
Current liabilities:    
Current installments of long-term debt 768,201 260,954
Note payable to bank - current 5,650,000 0
Accounts payable and accrued expenses 5,853,461 3,256,153
Accrued compensation and payroll taxes 1,842,635 3,489,070
Income taxes payable 21,215 21,666
Total current liabilities 14,135,512 7,027,843
Note payable to bank - noncurrent 0 3,000,000
Long-term debt, excluding current installments 5,456,134 6,158,630
Other noncurrent liabilities 70,347 101,150
Total liabilities 19,661,993 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 7,459,056 shares at July 31, 2019 and 7,694,387 shares at October 31, 2018 13,814,038 13,816,140
Retained earnings 8,042,388 12,994,697
Total shareholders’ equity 21,856,426 26,810,837
Commitments and contingencies
Total liabilities and shareholders’ equity $ 41,518,419 $ 43,098,460