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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2022
Oct. 31, 2021
Current assets:    
Cash $ 192,294 $ 132,249
Trade accounts receivable, net of allowance for doubtful accounts of $99,590 at July 31, 2022 and $61,527 at October 31, 2021 10,153,808 8,376,000
Other receivables 19,461 2,204,456
Inventories 18,687,305 16,303,808
Prepaid expenses and other assets 348,144 549,350
Total current assets 29,401,012 27,565,863
Property and equipment, net 7,499,602 7,912,851
Intangible assets, net 630,358 646,860
Other assets, net 1,477,428 1,790,956
Total assets 39,008,400 37,916,530
Current liabilities:    
Current installments of long-term debt 334,700 324,840
Accounts payable and accrued expenses 5,180,486 4,275,880
Accrued compensation and payroll taxes 1,547,501 1,553,771
Income taxes payable 13,183 13,121
Total current liabilities 7,075,870 6,167,612
Note payable, revolver - noncurrent 5,913,121 3,465,908
Long-term debt, excluding current installments 4,275,954 4,528,611
Other noncurrent liabilities 859,474 1,548,446
Total liabilities 18,124,419 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 7,893,194 shares at July 31, 2022 and 7,897,477 shares at October 31, 2021 14,551,332 14,337,649
Retained earnings 6,332,649 7,868,304
Total shareholders’ equity 20,883,981 22,205,953
Commitments and contingencies
Total liabilities and shareholders’ equity $ 39,008,400 $ 37,916,530