Note 5 - Product Warranties

3 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

(

5

)    Product Warranties

As of

January 31, 2019

and

October 

31,

2018,

the Company’s accrual for estimated product warranty claims totaled

$160,000

and

$180,000,

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

three

months ended

January 31, 2019

and

2018

totaled

$107,838

and

$41,996,

respectively.

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

three

months ended

January 31, 2019

and

2018:

	Three Months Ended
	January 31,
	2019			2018
Balance at beginning of period	$	180,000		$	180,000
Liabilities accrued for warranties issued during the period		137,576			120,308
Warranty claims and costs paid during the period		(127,838	)		(81,996	)
Changes in liability for pre-existing warranties during the period		(29,738	)		(78,312	)
Balance at end of period	$	160,000		$	140,000