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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Net sales $ 16,941,378 $ 17,382,640 $ 54,844,589 $ 49,023,513
Cost of goods sold 11,825,348 12,574,435 36,424,644 35,136,010
Gross profit 5,116,030 4,808,205 18,419,945 13,887,503
Selling, general and administrative expenses 4,957,518 4,954,221 16,075,323 14,770,751
Royalty expense, net 6,571 6,572 19,729 20,116
Amortization of intangible assets 13,516 13,796 40,426 37,431
Income (loss) from operations 138,425 (166,384) 2,284,467 (940,795)
Other income (expense), net:        
Interest expense, net (298,215) (197,865) (854,903) (538,656)
Gain on insurance proceeds received for damage to property and equipment 255,880 0 1,952,170 0
Other, net 3,793 2,000 58,617 (39,028)
Other income (expense), net (38,542) (195,865) 1,155,884 (577,684)
Income (loss) before income taxes 99,883 (362,249) 3,440,351 (1,518,479)
Income tax expense (benefit) (920) 9,622 106,477 17,176
Net income (loss) $ 100,803 $ (371,871) $ 3,333,874 $ (1,535,655)
Net income (loss) per share: Basic and diluted (in dollars per share) $ 0.01 $ (0.05) $ 0.42 $ (0.20)