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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Net sales $ 15,634,760 $ 13,639,169 $ 43,252,447 $ 41,389,993
Cost of goods sold 11,544,514 10,167,008 32,033,595 31,516,942
Gross profit 4,090,246 3,472,161 11,218,852 9,873,051
Selling, general and administrative expenses 4,530,563 4,559,970 13,428,079 14,933,595
Royalty (income) expense, net 4,809 193,062 (44,958) 208,093
Amortization of intangible assets 11,756 10,806 33,661 30,973
Loss from operations (456,882) (1,291,677) (2,197,930) (5,299,610)
Other income (expense), net:        
Interest expense (175,122) (135,725) (530,085) (397,198)
Gain on debt extinguishment-PPP Loan 5,041,723 0 5,041,723 0
Other, net 966,816 (1,436) 4,280,786 (3,015)
Other income (expense), net 5,833,417 (137,161) 8,792,424 (400,213)
Income (loss) before income taxes 5,376,535 (1,428,838) 6,594,494 (5,699,823)
Income tax expense (benefit) 3,768 4,992 (21,952) 15,076
Net income (loss) $ 5,372,767 $ (1,433,830) $ 6,616,446 $ (5,714,899)
Net income (loss) per share: Basic and diluted (in dollars per share) $ 0.71 $ (0.20) $ 0.88 $ (0.78)