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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Net sales $ 15,741,114 $ 14,863,428 $ 27,617,687 $ 27,750,824
Cost of goods sold 10,921,898 10,866,678 20,489,081 21,349,934
Gross profit 4,819,216 3,996,750 7,128,606 6,400,890
Selling, general and administrative expenses 4,589,592 5,549,501 8,897,516 10,373,625
Royalty (income) expense, net (42,800) (2,527) (49,767) 15,031
Amortization of intangible assets 11,011 10,176 21,905 20,167
Income (loss) from operations 261,413 (1,560,400) (1,741,048) (4,007,933)
Other income (expense), net:        
Interest expense (180,980) (124,786) (354,963) (261,473)
Other, net 3,311,342 1,056 3,313,970 (1,579)
Other income (expense), net 3,130,362 (123,730) 2,959,007 (263,052)
Income (loss) before income taxes 3,391,775 (1,684,130) 1,217,959 (4,270,985)
Income tax expense (benefit) 6,616 5,051 (25,720) 10,084
Net income (loss) $ 3,385,159 $ (1,689,181) $ 1,243,679 $ (4,281,069)
Net income (loss) per share: Basic and diluted (in dollars per share) $ 0.45 $ (0.23) $ 0.17 $ (0.58)