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

3 Months Ended

Jan. 31, 2019

Notes Tables

Schedule of Debt [Table Text Block]

	January 31,		October 31,
	2019		2018
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	$	4,726,850	$	4,774,252
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		1,628,997		1,645,332
Total long-term debt		6,355,847		6,419,584
Less current installments		263,598		260,954
Long-term debt, excluding current installments	$	6,092,249	$	6,158,630