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Note 4 - Property and Equipment, Net | 12 Months Ended
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Oct. 31, 2019
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
(4) | Property and Equipment, Net
Property and equipment, net as of October 31, 2019 and 2018 consists of the following:
|  | October 31, |
|  | 2019 |  |  | 2018 |
Land and land improvements |  | $ | 3,148,834 |  |  | $ | 3,148,834 |
Building and improvements |  |  | 8,245,585 |  |  |  | 8,244,384 |
Machinery and equipment |  |  | 27,474,099 |  |  |  | 27,312,627 |
Furniture and fixtures |  |  | 904,256 |  |  |  | 902,633 |
Construction in progress |  |  | 254,471 |  |  |  | 225,759 |
Total property and equipment, at cost |  |  | 40,027,245 |  |  |  | 39,834,237 |
Less accumulated amortization and depreciation |  |  | (30,017,022 | ) |  |  | (28,629,598 | )
Property and equipment, net |  | $ | 10,010,223 |  |  | $ | 11,204,639 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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