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Consolidated Balance Sheets - USD ($)
Oct. 31, 2021
Oct. 31, 2020
Current assets:    
Cash $ 132,249 $ 140,839
Trade accounts receivable, net of allowance for doubtful accounts of $61,527 in 2021 and $524,617 in 2020 8,376,000 7,561,334
Income taxes refundable - current 0 25,003
Other receivables 2,204,456 23,145
Inventories 16,303,808 17,099,767
Prepaid expenses and other assets 549,350 472,516
Total current assets 27,565,863 25,322,604
Property and equipment, net 7,912,851 8,811,863
Intangible assets, net 646,860 665,731
Other assets, net 1,790,956 1,757,614
Total assets 37,916,530 36,557,812
Current liabilities:    
Current installments of long-term debt 324,840 312,109
Accounts payable and accrued expenses 4,275,880 2,861,343
Accrued compensation and payroll taxes 1,553,771 1,463,307
Income taxes payable 13,121 13,986
Total current liabilities 6,167,612 6,266,149
Note payable, revolver - noncurrent 3,465,908 4,988,660
Long-term debt, excluding current installments 4,528,611 4,853,457
Other noncurrent liabilities 1,548,446 1,823,632
Total liabilities 15,710,577 21,297,894
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 7,897,477 shares in 2021 and 7,537,087 shares in 2020 14,337,649 14,002,130
Retained earnings 7,868,304 1,257,788
Total shareholders’ equity 22,205,953 15,259,918
Commitments and contingencies
Total liabilities and shareholders’ equity 37,916,530 36,557,812
Paycheck Protection Program CARES Act [Member]    
Current liabilities:    
Note payable, SBA PPP Loan - current 0 1,615,404
Note payable, SBA PPP Loan - noncurrent $ 0 $ 3,365,996