XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.1

Note 5 - Product Warranties

Apr. 30, 2022

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

(5) Product Warranties

As of April 30, 2022 and October 31, 2021, the Company’s accrual for estimated product warranty claims totaled $65,000 and $75,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and six months ended April 30, 2022 totaled $15,641 and $23,535, respectively.  Warranty claims expense for the three months and six months ended April 30, 2021 totaled $37,923 and $56,271, respectively.

The following table summarizes the changes in the Company’s accrual for product warranties during the six months ended April 30, 2022 and 2021:

		Six Months Ended
		April 30,
		2022				2021
Balance at beginning of period		$	75,000			$	85,000
Liabilities accrued for warranties issued during the period			80,092				77,122
Warranty claims and costs paid during the period			(33,535	)			(46,271	)
Changes in liability for pre-existing warranties during the period			(56,557	)			(20,851	)
Balance at end of period		$	65,000			$	95,000

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-URI https://asc.fasb.org/topic&trid=2155896

+ Details

Name:	us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration