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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net sales $ 16,112,098 $ 19,619,536 $ 30,966,863 $ 37,903,211
Cost of goods sold 12,073,462 12,836,830 23,214,705 24,599,296
Gross profit 4,038,636 6,782,706 7,752,158 13,303,915
Selling, general and administrative expenses 5,319,580 5,662,339 10,412,685 11,117,805
Royalty expense, net 6,677 6,572 13,263 13,158
Amortization of intangible assets 13,516 13,689 27,032 26,910
Income (loss) from operations (1,301,137) 1,100,106 (2,700,822) 2,146,042
Other income (expense), net:        
Interest expense, net (280,618) (286,065) (579,228) (556,688)
Gain on insurance proceeds, net 0 1,696,290 218,902 1,696,290
Other, net (12,364) (12,311) 48,834 54,824
Other income (expense), net (292,982) 1,397,914 (311,492) 1,194,426
Income (loss) before income taxes (1,594,119) 2,498,020 (3,012,314) 3,340,468
Income tax expense 7,227 74,933 14,306 107,397
Net income (loss) $ (1,601,346) $ 2,423,087 $ (3,026,620) $ 3,233,071
Net income (loss) per share: Basic and diluted (in dollars per share) $ (0.21) $ 0.31 $ (0.39) $ 0.41