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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2021
Oct. 31, 2020
Current assets:    
Cash $ 451,960 $ 140,839
Trade accounts receivable, net of allowance for doubtful accounts of $517,093 at January 31, 2021 and $524,617 at October 31, 2020 6,263,921 7,561,334
Income taxes refundable - current 0 25,003
Other receivables 21,774 23,145
Inventories 17,380,161 17,099,767
Prepaid expenses and other assets 369,268 472,516
Total current assets 24,487,084 25,322,604
Property and equipment, net 8,579,203 8,811,863
Intangible assets, net 669,991 665,731
Other assets, net 1,628,407 1,757,614
Total assets 35,364,685 36,557,812
Current liabilities:    
Current installments of long-term debt 315,269 312,109
Accounts payable and accrued expenses 4,136,965 2,861,343
Accrued compensation and payroll taxes 1,596,825 1,463,307
Income taxes payable 16,761 13,986
Total current liabilities 9,363,007 6,266,149
Note payable, revolver - noncurrent 4,932,377 4,988,660
Long-term debt, excluding current installments 4,773,854 4,853,457
Other noncurrent liabilities 1,452,191 1,823,632
Total liabilities 22,205,642 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 7,536,116 shares at January 31, 2021 and 7,537,087 shares at October 31, 2020 14,042,735 14,002,130
Retained earnings (accumulated deficit) (883,692) 1,257,788
Total shareholders’ equity 13,159,043 15,259,918
Commitments and contingencies
Total liabilities and shareholders’ equity 35,364,685 36,557,812
Paycheck Protection Program CARES Act [Member]    
Current liabilities:    
Note payable, SBA PPP loan - current 3,297,187 1,615,404
Note payable, SBA PPP loan - noncurrent 1,684,213 $ 3,365,996
Long-term debt, excluding current installments $ 1,684,213