Note 5 - Product Warranties

3 Months Ended

Jan. 31, 2017

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

(5) Product Warranties

As of

January

31,

2017

and

October

 

31,

2016,

the Company’s accrual for estimated product warranty claims totaled

$85,000

and

$70,000,

respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the

three

months ended

January

31,

2017

and

2016

totaled

$47,855

and

$12,730,

respectively.

The following table summarizes the changes in the Company’s accrual for product warranties during the

three

months ended

January

31,

2017

and

2016:

	Three Months Ended
	January 31,
	2017			2016
Balance at beginning of period	$	70,000		$	130,000
Liabilities accrued for warranties issued during the period		71,161			73,968
Warranty claims and costs paid during the period		(32,855	)		(52,730	)
Changes in liability for pre-existing warranties during the period		(23,306	)		(61,238	)
Balance at end of period	$	85,000		$	90,000