Note 9 - Shareholders' Equity

9 Months Ended

Jul. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

(9) Shareholders’ Equity

The Company has a plan, approved by its Board of Directors on September 20, 2012, to purchase and retire up to 320,000 shares of the Company’s common stock, or approximately 4.9% of the shares then outstanding. At the time the plan was approved, the Company anticipated that the purchases would be made over a 12- to 24-month period, but there is no definite time period for repurchase. As of July 31, 2014, the Company had 110,100 shares of its outstanding common stock remaining to purchase under this plan.

On July 15, 2014, the Company declared a quarterly cash dividend of $0.02 per share on its common stock totaling $138,487. This amount is included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheet as of July 31, 2014.