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Note 5 - Product Warranties
 6 Months Ended
Apr. 30, 2025
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]

(5)

Product Warranties

 

As of April 30, 2025 and October 31, 2024, the Company’s accrual for estimated product warranty claims totaled $65,000 and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and six months ended April 30, 2025 totaled $22,314 and $31,941, respectively. Warranty claims expense for the three months and six months ended April 30, 2024 totaled $39,078 and $51,842, respectively. Warranty claims expense includes certain costs to investigate claims and potential claims, and the costs to replace and/or repair product pursuant to claims, which can include claims not deemed valid by the Company.

 

The following table summarizes the changes in the Company’s accrual for product warranties during the six months ended April 30, 2025 and 2024:

 

   

Six Months Ended

 
   

April 30,

  
   

2025

    

2024

  

Balance at beginning of period

   $ 65,000     $ 80,000  

Liabilities accrued for warranties issued during the period

     64,498       73,342  

Warranty claims and costs paid during the period

     (31,941 )     (56,842 )

Changes in liability for pre-existing warranties during the period

     (32,557 )     (21,500 )

Balance at end of period

   $ 65,000     $ 75,000