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Consolidated Balance Sheets - USD ($)
Oct. 31, 2022
Oct. 31, 2021
Current assets:    
Cash $ 215,936 $ 132,249
Trade accounts receivable, net of allowance for doubtful accounts of $69,643 in 2022 and $61,527 in 2021 10,963,753 8,376,000
Other receivables 37,442 2,204,456
Inventories 19,438,766 16,303,808
Prepaid expenses and other assets 540,225 549,350
Total current assets 31,196,122 27,565,863
Property and equipment, net 7,390,285 7,912,851
Intangible assets, net 618,142 646,860
Other assets, net 1,353,257 1,790,956
Total assets 40,557,806 37,916,530
Current liabilities:    
Current installments of long-term debt 338,094 324,840
Accounts payable and accrued expenses 5,354,150 4,275,880
Accrued compensation and payroll taxes 1,772,551 1,553,771
Income taxes payable 18,098 13,121
Total current liabilities 7,482,893 6,167,612
Note payable, revolver - noncurrent 5,999,663 3,465,908
Long-term debt, excluding current installments 4,190,508 4,528,611
Other noncurrent liabilities 725,024 1,548,446
Total liabilities 18,398,088 15,710,577
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 7,893,194 shares in 2022 and 7,897,477 shares in 2021 14,638,505 14,337,649
Retained earnings 7,521,213 7,868,304
Total shareholders’ equity 22,159,718 22,205,953
Total liabilities and shareholders’ equity $ 40,557,806 $ 37,916,530