Note 6 - Long-term Debt and Notes Payable to Bank (Tables)

9 Months Ended

Jul. 31, 2018

Notes Tables

Schedule of Debt [Table Text Block]

	July 31,		October 31,
	2018		2017
Virginia Real Estate Loan ($6.5 million original principal) payable in monthly installments of $31,812, including interest (at 3.95%), with final payment of $3,644,211 due May 1, 2024	$	4,821,180	$	4,960,738
North Carolina Real Estate Loan ($2.24 million original principal) payable in monthly installments of $10,963, including interest (at 3.95%), with final payment of $1,255,850 due May 1, 2024		1,661,503		1,709,595
Total long-term debt		6,482,683		6,670,333
Less current installments		258,338		250,726
Long-term debt, excluding current installments	$	6,224,345	$	6,419,607