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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2023
Oct. 31, 2022
Current assets:    
Cash $ 186,081 $ 215,936
Trade accounts receivable, net of allowance for doubtful accounts of $59,856 at January 31, 2023 and $69,643 at October 31, 2022 9,910,936 10,963,753
Other receivables 140,945 37,442
Inventories 22,261,385 19,438,766
Prepaid expenses and other assets 609,848 540,225
Total current assets 33,109,195 31,196,122
Property and equipment, net 7,302,218 7,390,285
Intangible assets, net 606,716 618,142
Other assets, net 1,483,221 1,353,257
Total assets 42,501,350 40,557,806
Current liabilities:    
Current installments of long-term debt 341,522 338,094
Accounts payable and accrued expenses 5,558,085 5,354,150
Accrued compensation and payroll taxes 1,763,863 1,772,551
Income taxes payable 50,379 18,098
Total current liabilities 7,713,849 7,482,893
Note payable, revolver - noncurrent 6,823,065 5,999,663
Long-term debt, excluding current installments 4,104,190 4,190,508
Other noncurrent liabilities 856,222 725,024
Total liabilities 19,497,326 18,398,088
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 7,868,568 shares at January 31, 2023 and 7,893,194 shares at October 31, 2022 14,672,827 14,638,505
Retained earnings 8,331,197 7,521,213
Total shareholders’ equity 23,004,024 22,159,718
Commitments and Contingencies  
Total liabilities and shareholders’ equity $ 42,501,350 $ 40,557,806