XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,243,679 $ (4,281,069)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 640,934 775,343
Bad debt expense 4,616 452,060
Share-based compensation expense 142,367 61,033
Loss on sale of property and equipment 3,167 4,377
(Increase) decrease in:    
Trade accounts receivable (1,080,026) 2,139,322
Other receivables (3,443,868) (3,389)
Inventories 267,156 1,058,475
Prepaid expenses and other assets 107,166 67,120
Income taxes refundable 25,003 0
Other assets (119,134) 0
Increase (decrease) in:    
Accounts payable and accrued expenses 1,538,457 (820,842)
Accrued compensation and payroll taxes 329,861 (363,032)
Income taxes payable 3,724 5,950
Other noncurrent liabilities (55,035) 88,418
Net cash used in operating activities (391,933) (816,234)
Cash flows from investing activities:    
Purchase of and deposits for the purchase of property and equipment (90,295) (81,494)
Investment in intangible assets (14,640) (22,810)
Net cash used in investing activities (104,935) (104,304)
Cash flows from financing activities:    
Principal payments on long-term debt (181,040) (592,202)
Payments for financing costs (50,000) (61,181)
Net cash provided by financing activities 716,977 4,678,017
Net increase in cash 220,109 3,757,479
Cash at beginning of period 140,839 537,330
Cash at end of period 360,948 4,294,809
Pinnacle Financial Partners [Member] | Virginia Real Estate Loan and North Carolina Real Estate Loan [Member]    
Cash flows from financing activities:    
Proceeds from note payable 0 350,000
North Mill Capital LLC [Member] | Revolving Credit Facility [Member]    
Cash flows from financing activities:    
Proceeds from note payable 27,446,179 0
Payments on note payable, revolver (26,498,162) 0
Paycheck Protection Program CARES Act [Member]    
Cash flows from financing activities:    
Proceeds from note payable $ 0 $ 4,981,400