XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities:    
Net loss $ (3,310,020) $ (410,135)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 443,433 408,284
Bad debt expense 23,809 23,489
Share-based compensation expense 862,254 113,354
Loss on sale of property and equipment 6,597
(Increase) decrease in:    
Trade accounts receivable 2,958,441 (2,392,171)
Other receivables 6,679 49,975
Inventories (2,010,801) (840,091)
Prepaid expenses and other assets 98,090 (35,206)
Income taxes refundable - noncurrent (35,118)
Increase (decrease) in:    
Accounts payable and accrued expenses 1,727,676 2,453,419
Accrued compensation and payroll taxes (1,916,234) 366,605
Income taxes payable (1,344) 1,656
Other noncurrent liabilities (32,735) (8,616)
Net cash used in operating activities (1,150,752) (297,958)
Cash flows from investing activities:    
Purchase of and deposits for the purchase of property and equipment (317,619) (41,903)
Investment in intangible assets (25,977) (25,661)
Net cash used in investing activities (343,596) (67,564)
Cash flows from financing activities:    
Payroll taxes withheld and remitted on share-based payments (135,499)
Proceeds from notes payable to bank 2,000,000 750,000
Principal payments on long-term debt and notes payable to bank (263,737) (611,199)
Repurchase of common stock (1,257)
Net cash provided by financing activities 1,735,006 3,302
Net increase (decrease) in cash 240,658 (362,220)
Cash at beginning of period 177,413 891,169
Cash at end of period $ 418,071 $ 528,949