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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2024
Oct. 31, 2023
Current assets:    
Cash $ 1,089,912 $ 1,468,709
Trade accounts receivable, net of allowance for credit losses of $54,261 at April 30, 2024 and $71,189 at October 31, 2023 8,297,895 8,727,810
Income taxes refundable - current 81,844 81,844
Other receivables 13,228 397,758
Inventories 21,486,376 23,766,326
Prepaid expenses and other assets 483,909 595,469
Total current assets 31,453,164 35,037,916
Property and equipment, net 7,079,322 7,139,616
Intangible assets, net 539,168 566,197
Other assets, net 813,250 1,135,172
Total assets 39,884,904 43,878,901
Current liabilities:    
Current installments of long-term debt 55,445 52,624
Accounts payable and accrued expenses 5,396,473 5,843,044
Accrued compensation and payroll taxes 1,647,773 1,849,780
Income taxes payable 34,777 22,754
Total current liabilities 7,134,468 7,768,202
Note payable, revolver - noncurrent 8,046,853 8,324,397
Long-term debt, excluding current installments 2,599,030 2,622,620
Other noncurrent liabilities 266,198 441,838
Total liabilities 18,046,549 19,157,057
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 7,852,515 shares at April 30, 2024 and 7,893,681 shares at October 31, 2023 15,277,264 15,134,133
Retained earnings 6,561,091 9,587,711
Total shareholders’ equity 21,838,355 24,721,844
Commitments and Contingencies  
Total liabilities and shareholders’ equity $ 39,884,904 $ 43,878,901