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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2025
Oct. 31, 2024
Current assets:    
Cash $ 421,414 $ 244,247
Trade accounts receivable, net of allowance for credit lossesof $92,621 at July 31, 2025 and $92,125 at October 31, 2024 11,077,569 10,946,215
Income taxes refundable - current 3,375 5,000
Other receivables 13,562 60,521
Inventories 18,697,434 18,725,317
Prepaid expenses and other assets 474,750 618,940
Total current assets 30,688,104 30,600,240
Property and equipment, net 6,635,636 6,881,357
Intangible assets, net 489,863 513,956
Other assets, net 2,354,355 2,362,458
Total assets 40,167,958 40,358,011
Current liabilities:    
Current installments of long-term debt 2,585,094 57,184
Note payable, revolver - current 6,465,321 8,321,782
Accounts payable and accrued expenses 6,093,819 5,178,792
Accrued compensation and payroll taxes 1,803,596 1,567,232
Income taxes payable 10,792 18,522
Total current liabilities 16,958,622 15,143,512
Long-term debt, excluding current installments 0 2,570,791
Other noncurrent liabilities 1,777,284 1,801,792
Total liabilities 18,735,906 19,516,095
Redeemable common stock, no par value, 642,199 shares issued and outstanding as of July 31, 2025 and no shares issued and outstanding as of October 31, 2024 3,202,325 0
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 8,228,245 shares at July 31, 2025 and 8,220,344 shares at October 31, 2024 15,650,502 15,464,416
Retained earnings 2,579,225 5,377,500
Total shareholders’ equity 18,229,727 20,841,916
Commitments and Contingencies  
Total liabilities, redeemable common stock and shareholders' equity $ 40,167,958 $ 40,358,011