Note 5 - Product Warranties

3 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

(5) Product Warranties

As of January 31, 2022 and October 31, 2021, the Company’s accrual for estimated product warranty claims totaled $75,000 and is included in accounts payable and accrued expenses. Warranty claims expense for the three months ended January 31, 2022 and 2021 totaled $7,894 and $18,348, respectively.

The following table summarizes the changes in the Company’s accrual for product warranties during the three months ended January 31, 2022 and 2021:

	Three Months Ended
	January 31,
	2022			2021
Balance at beginning of period	$	75,000		$	85,000
Liabilities accrued for warranties issued during the period		55,243			50,251
Warranty claims and costs paid during the period		(7,894	)		(18,348	)
Changes in liability for pre-existing warranties during the period		(47,349	)		(31,903	)
Balance at end of period	$	75,000		$	85,000