XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2022
Oct. 31, 2021
Current assets:    
Cash $ 239,034 $ 132,249
Trade accounts receivable, net of allowance for doubtful accounts of $79,565 at April 30, 2022 and $61,527 at October 31, 2021 10,551,849 8,376,000
Other receivables 2,182,809 2,204,456
Inventories 18,645,991 16,303,808
Prepaid expenses and other assets 448,951 549,350
Total current assets 32,068,634 27,565,863
Property and equipment, net 7,647,300 7,912,851
Intangible assets, net 634,894 646,860
Other assets, net 1,428,235 1,790,956
Total assets 41,779,063 37,916,530
Current liabilities:    
Current installments of long-term debt 331,381 324,840
Accounts payable and accrued expenses 6,251,534 4,275,880
Accrued compensation and payroll taxes 1,829,941 1,553,771
Income taxes payable 16,911 13,121
Total current liabilities 8,429,767 6,167,612
Note payable, revolver - noncurrent 7,045,197 3,465,908
Long-term debt, excluding current installments 4,361,021 4,528,611
Other noncurrent liabilities 767,894 1,548,446
Total liabilities 20,603,879 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 7,894,862 shares at April 30, 2022 and 7,897,477 shares at October 31, 2021 14,470,664 14,337,649
Retained earnings 6,704,520 7,868,304
Total shareholders’ equity 21,175,184 22,205,953
Commitments and contingencies
Total liabilities and shareholders’ equity $ 41,779,063 $ 37,916,530