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

3 Months Ended

Jan. 31, 2020

Notes Tables

Schedule of Debt [Table Text Block]

	January 31,		October 31,
	2020		2019
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	$	4,279,596	$	4,580,173
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		1,309,568		1,328,450
Total long-term debt		5,589,164		5,908,623
Less current installments		500,357		738,955
Long-term debt, excluding current installments	$	5,088,807	$	5,169,668