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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Apr. 30, 2020
Oct. 31, 2019
Current assets:    
Cash $ 4,294,809 $ 537,330
Trade accounts receivable, net of allowance for doubtful accounts of $551,622 at April 30, 2020 and $99,562 at October 31, 2019 7,756,215 10,347,597
Income taxes refundable - current 50,007 25,004
Other receivables 73,116 69,727
Inventories 17,037,152 18,095,627
Prepaid expenses and other assets 231,458 304,713
Total current assets 29,442,757 29,379,998
Property and equipment, net 9,343,134 10,010,223
Income taxes refundable - noncurrent 0 25,003
Intangible assets, net 661,923 659,280
Other assets, net 1,523,080 32,430
Total assets 40,970,894 40,106,934
Current liabilities:    
Note payable, SBA PPP loan - current 1,636,341 0
Current installments of long-term debt 305,630 738,955
Note payable to bank, revolver - current 6,000,000 5,650,000
Accounts payable and accrued expenses 4,963,670 5,459,352
Accrued compensation and payroll taxes 1,400,306 1,763,338
Income taxes payable 21,332 15,382
Total current liabilities 14,327,279 13,627,027
Note payable, SBA PPP loan - noncurrent 3,345,059 0
Long-term debt, excluding current installments 5,010,791 5,169,668
Other noncurrent liabilities 1,268,901 71,339
Total liabilities 23,952,030 18,868,034
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 7,456,072 shares at April 30, 2020 and 7,458,981 shares at October 31, 2019 13,920,921 13,853,334
Retained earnings 3,097,943 7,385,566
Total shareholders’ equity 17,018,864 21,238,900
Total liabilities and shareholders’ equity $ 40,970,894 $ 40,106,934