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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2022
Oct. 31, 2021
Current assets:    
Cash $ 138,004 $ 132,249
Trade accounts receivable, net of allowance for doubtful accounts of $57,199 at January 31, 2022 and $61,527 at October 31, 2021 8,392,225 8,376,000
Other receivables 2,183,748 2,204,456
Inventories 17,906,903 16,303,808
Prepaid expenses and other assets 471,902 549,350
Total current assets 29,092,782 27,565,863
Property and equipment, net 7,790,237 7,912,851
Intangible assets, net 642,771 646,860
Other assets, net 1,577,210 1,790,956
Total assets 39,103,000 37,916,530
Current liabilities:    
Current installments of long-term debt 328,130 324,840
Accounts payable and accrued expenses 4,811,144 4,275,880
Accrued compensation and payroll taxes 1,668,201 1,553,771
Income taxes payable 25,272 13,121
Total current liabilities 6,832,747 6,167,612
Note payable, revolver - noncurrent 5,530,405 3,465,908
Long-term debt, excluding current installments 4,445,724 4,528,611
Other noncurrent liabilities 1,004,161 1,548,446
Total liabilities 17,813,037 15,710,577
Shareholders’ equity:    
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 7,849,998 shares at January 31, 2022 and 7,897,477 shares at October 31, 2021 14,357,452 14,337,649
Retained earnings 6,932,511 7,868,304
Total shareholders’ equity 21,289,963 22,205,953
Commitments and contingencies
Total liabilities and shareholders’ equity $ 39,103,000 $ 37,916,530