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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2019
Oct. 31, 2018
Current assets:    
Cash $ 418,071 $ 177,413
Trade accounts receivable, net of allowance for doubtful accounts of $88,051 at January 31, 2019 and $64,242 at October 31, 2018 9,850,640 12,832,890
Other receivables 55,272 61,951
Inventories 19,485,556 17,474,755
Prepaid expenses and other assets 463,694 500,021
Total current assets 30,273,233 31,047,030
Property and equipment, net 11,036,662 11,204,639
Income taxes refundable - noncurrent 49,281 49,281
Intangible assets, net 651,597 635,035
Other assets, net 156,265 162,475
Total assets 42,167,038 43,098,460
Current liabilities:    
Current installments of long-term debt 263,598 260,954
Accounts payable and accrued expenses 4,926,041 3,256,153
Accrued compensation and payroll taxes 2,501,417 3,489,070
Income taxes payable 20,322 21,666
Total current liabilities 7,711,378 7,027,843
Note payable to bank - noncurrent 4,800,000 3,000,000
Long-term debt, excluding current installments 6,092,249 6,158,630
Other noncurrent liabilities 68,415 101,150
Total liabilities 18,672,042 16,287,623
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 7,436,907 shares at January 31, 2019 and 7,694,387 shares at October 31, 2018 13,749,813 13,816,140
Retained earnings 9,745,183 12,994,697
Total shareholders’ equity 23,494,996 26,810,837
Commitments and contingencies
Total liabilities and shareholders’ equity $ 42,167,038 $ 43,098,460