Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Oct. 31, 2013
Current assets:
Cash	$ 1,089,507	$ 750,303
Trade accounts receivable, net of allowance for doubtful accounts of $92,988 in 2014 and $74,073 in 2013	14,076,349us-gaap_AccountsReceivableNetCurrent	9,951,970us-gaap_AccountsReceivableNetCurrent
Other receivables	180,135us-gaap_OtherReceivables	225,016us-gaap_OtherReceivables
Income taxes refundable	0us-gaap_IncomeTaxesReceivable	590,569us-gaap_IncomeTaxesReceivable
Inventories	17,518,119us-gaap_InventoryNet	18,234,279us-gaap_InventoryNet
Prepaid expenses	578,843	331,141
Deferred income taxes, current	1,933,653us-gaap_DeferredTaxAssetsNetCurrent	1,726,695us-gaap_DeferredTaxAssetsNetCurrent
Total current assets	35,376,606us-gaap_AssetsCurrent	31,809,973us-gaap_AssetsCurrent
Property and equipment, net	13,113,445us-gaap_PropertyPlantAndEquipmentNet	12,827,198us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net	438,696	340,807
Deferred income taxes - noncurrent	320,509us-gaap_DeferredTaxAssetsNetNoncurrent	161,063us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets, net	789,358us-gaap_OtherAssetsNoncurrent	275,858us-gaap_OtherAssetsNoncurrent
Total assets	50,038,614us-gaap_Assets	45,414,899us-gaap_Assets
Current liabilities:
Current installments of long-term debt	269,996us-gaap_LongTermDebtCurrent	258,628us-gaap_LongTermDebtCurrent
Accounts payable and accrued expenses	5,438,519	3,267,812
Accrued compensation and payroll taxes	2,895,100	1,297,591
Income taxes payable	698,051us-gaap_TaxesPayableCurrent	0us-gaap_TaxesPayableCurrent
Total current liabilities	9,301,666us-gaap_LiabilitiesCurrent	4,824,031us-gaap_LiabilitiesCurrent
Note payable to bank	2,500,000us-gaap_NotesPayableToBankNoncurrent	2,500,000us-gaap_NotesPayableToBankNoncurrent
Long-term debt, excluding current installments	7,227,023us-gaap_LongTermDebtNoncurrent	7,497,042us-gaap_LongTermDebtNoncurrent
Deferred income taxes - noncurrent	26,038	83,158
Other noncurrent liabilities	677,597us-gaap_OtherLiabilitiesNoncurrent	950,952us-gaap_OtherLiabilitiesNoncurrent
Total liabilities	19,732,324us-gaap_Liabilities	15,855,183us-gaap_Liabilities
Shareholders’ equity:
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,839,778 shares in 2014 and 6,570,734 shares in 2013	9,543,686us-gaap_CommonStockValue	8,679,435us-gaap_CommonStockValue
Retained earnings	21,462,881	21,519,238
Total shareholders’ equity attributable to Optical Cable Corporation	31,006,567us-gaap_StockholdersEquity	30,198,673us-gaap_StockholdersEquity
Noncontrolling interest	(700,277)us-gaap_MinorityInterest	(638,957)us-gaap_MinorityInterest
Total shareholders’ equity	30,306,290	29,559,716
Commitments and contingencies	0us-gaap_CommitmentsAndContingencies	0us-gaap_CommitmentsAndContingencies
Total liabilities and shareholders’ equity	$ 50,038,614	$ 45,414,899

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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