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Note 12 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Fiscal year ended October 31, 2024		Current				Deferred				Total
U.S. Federal		$	830			$	—			$	830
State			19,872				—				19,872
Totals		$	20,702			$	—			$	20,702

Fiscal year ended October 31, 2023		Current				Deferred				Total
U.S. Federal		$	105,756			$	—			$	105,756
State			39,968				—				39,968
Totals		$	145,724			$	—			$	145,724

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Years ended October 31,
		2024				2023
“Expected” income taxes (benefit)		$	(879,797	)		$	464,567
Increase (reduction) in income tax expense (benefit) resulting from:
State income taxes, net of federal benefit			(68,711	)			25,751
Provision to return reconciliation adjustment			1,755				81,100
Excess tax benefits related to share-based compensation			32,023				(11,875	)
Non-deductible life insurance premiums			5,527				5,527
Other differences, net			19,215				11,918
Change in valuation allowance			910,690				(431,264	)
Reported income tax expense		$	20,702			$	145,724

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		October 31,
		2024				2023
Deferred tax assets:
Accounts receivable, due to allowances for credit losses and sales returns		$	38,782			$	35,563
Inventories, due to allowance for damaged and slow-moving inventories and additional costs inventoried for tax purposes pursuant to the Tax Reform Act of 1986			1,223,072				1,099,469
Liabilities recorded for accrued expenses, deductible for tax purposes when paid			38,204				67,842
Share-based compensation expense			74,422				116,939
Section 163(j) interest			248,890				3,450
Research and experimental expenditures, due to capitalization for tax purposes			152,950				85,419
Net operating loss carryforwards			3,025,852				2,494,887
Plant and equipment, due to differences in depreciation and capital gain recognition			54,413				43,229
Other			9,025				8,122
Total gross deferred tax assets			4,865,610				3,954,920
Valuation allowance			(4,865,610	)			(3,954,920	)
Net deferred tax assets		$	—			$	—

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		October 31,
		2024				2023
Unrecognized tax benefits balance at beginning of year		$	28,194			$	28,488
Gross decreases for tax positions of prior years			(1,768	)			(1,330	)
Gross increases for current year tax positions			1,551				1,036
Unrecognized tax benefits balance at end of year		$	27,977			$	28,194

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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