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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2023
Oct. 31, 2022
Current assets:    
Cash $ 192,689 $ 215,936
Restricted cash 1,517,885 0
Trade accounts receivable, net of allowance for doubtful accounts of $77,410 at July 31, 2023 and $69,643 at October 31, 2022 9,299,605 10,963,753
Income taxes refundable - current 15,745 0
Other receivables 70,872 37,442
Inventories 24,946,333 19,438,766
Prepaid expenses and other assets 461,094 540,225
Total current assets 36,504,223 31,196,122
Property and equipment, net 7,214,179 7,390,285
Intangible assets, net 579,713 618,142
Other assets, net 1,255,949 1,353,257
Total assets 45,554,064 40,557,806
Current liabilities:    
Current installments of long-term debt 4,275,941 338,094
Accounts payable and accrued expenses 5,702,060 5,354,150
Accrued compensation and payroll taxes 1,825,950 1,772,551
Income taxes payable 12,098 18,098
Total current liabilities 11,816,049 7,482,893
Note payable, revolver - noncurrent 7,314,692 5,999,663
Long-term debt, excluding current installments 0 4,190,508
Other noncurrent liabilities 582,402 725,024
Total liabilities 19,713,143 18,398,088
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 7,893,681 shares at July 31, 2023 and 7,893,194 shares at October 31, 2022 14,985,834 14,638,505
Retained earnings 10,855,087 7,521,213
Total shareholders’ equity 25,840,921 22,159,718
Commitments and Contingencies  
Total liabilities and shareholders’ equity $ 45,554,064 $ 40,557,806