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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2023
Oct. 31, 2022
Current assets:    
Cash $ 324,994 $ 215,936
Restricted cash 1,517,885 0
Trade accounts receivable, net of allowance for doubtful accounts of $84,602 at April 30, 2023 and $69,643 at October 31, 2022 11,306,726 10,963,753
Other receivables 73,309 37,442
Inventories 23,099,964 19,438,766
Prepaid expenses and other assets 459,623 540,225
Total current assets 36,782,501 31,196,122
Property and equipment, net 7,274,715 7,390,285
Intangible assets, net 593,229 618,142
Other assets, net 1,325,441 1,353,257
Total assets 45,975,886 40,557,806
Current liabilities:    
Current installments of long-term debt 344,451 338,094
Accounts payable and accrued expenses 5,255,712 5,354,150
Accrued compensation and payroll taxes 1,990,719 1,772,551
Income taxes payable 73,427 18,098
Total current liabilities 7,664,309 7,482,893
Note payable, revolver - noncurrent 8,006,810 5,999,663
Long-term debt, excluding current installments 4,016,555 4,190,508
Other noncurrent liabilities 721,594 725,024
Total liabilities 20,409,268 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 7,865,121 shares at April 30, 2023 and 7,893,194 shares at October 31, 2022 14,812,334 14,638,505
Retained earnings 10,754,284 7,521,213
Total shareholders’ equity 25,566,618 22,159,718
Commitments and Contingencies  
Total liabilities and shareholders’ equity $ 45,975,886 $ 40,557,806