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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jul. 31, 2018
Oct. 31, 2017
Current assets:    
Cash $ 1,037,128 $ 891,169
Trade accounts receivable, net of allowance for doubtful accounts of $53,551 at July 31, 2018 and $87,446 at October 31, 2017 14,587,773 8,940,540
Other receivables 59,249 72,098
Inventories 17,313,444 16,781,449
Prepaid expenses and other assets 501,049 418,122
Total current assets 33,498,643 27,103,378
Property and equipment, net 11,558,542 12,210,692
Income taxes refundable - noncurrent 44,973
Intangible assets, net 620,492 624,264
Other assets, net 89,792 200,846
Total assets 45,812,442 40,139,180
Current liabilities:    
Current installments of long-term debt 258,338 250,726
Accounts payable and accrued expenses 4,059,504 2,590,252
Accrued compensation and payroll taxes 3,068,438 1,340,749
Income taxes payable 28,108 15,150
Total current liabilities 7,414,388 4,196,877
Note payable to bank - noncurrent 5,766,389 5,700,000
Long-term debt, excluding current installments 6,224,345 6,419,607
Other noncurrent liabilities 107,788 133,174
Total liabilities 19,512,910 16,449,658
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 7,694,640 shares at July 31, 2018 and 7,315,605 shares at October 31, 2017 12,952,995 11,762,021
Retained earnings 13,346,537 11,927,501
Total shareholders’ equity 26,299,532 23,689,522
Commitments and contingencies
Total liabilities and shareholders’ equity $ 45,812,442 $ 40,139,180