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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Net sales $ 17,382,640 $ 15,634,760 $ 49,023,513 $ 43,252,447
Cost of goods sold 12,574,435 11,544,514 35,136,010 32,033,595
Gross profit 4,808,205 4,090,246 13,887,503 11,218,852
Selling, general and administrative expenses 4,954,221 4,530,563 14,770,751 13,428,079
Royalty (income) expense, net 6,572 4,809 20,116 (44,958)
Amortization of intangible assets 13,796 11,756 37,431 33,661
Loss from operations (166,384) (456,882) (940,795) (2,197,930)
Other income (expense), net:        
Interest expense, net (197,865) (175,122) (538,656) (530,085)
Gain on debt extinguishment-PPP loan 0 5,041,723 0 5,041,723
Other, net 2,000 966,816 (39,028) 4,280,786
Other income (expense), net (195,865) 5,833,417 (577,684) 8,792,424
Income (loss) before income taxes (362,249) 5,376,535 (1,518,479) 6,594,494
Income tax expense (benefit) 9,622 3,768 17,176 (21,952)
Net income (loss) $ (371,871) $ 5,372,767 $ (1,535,655) $ 6,616,446
Net income (loss) per share: Basic and diluted (in dollars per share) $ (0.05) $ 0.71 $ (0.20) $ 0.88