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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Net sales $ 19,619,536 $ 17,200,578 $ 37,903,211 $ 31,640,873
Cost of goods sold 12,836,830 12,167,132 24,599,296 22,561,575
Gross profit 6,782,706 5,033,446 13,303,915 9,079,298
Selling, general and administrative expenses 5,662,339 5,036,331 11,117,805 9,816,530
Royalty expense, net 6,572 6,586 13,158 13,544
Amortization of intangible assets 13,689 11,540 26,910 23,635
Income (loss) from operations 1,100,106 (21,011) 2,146,042 (774,411)
Other income (expense), net:        
Interest expense, net (286,065) (182,531) (556,688) (340,791)
Gain on insurance proceeds received for damage to property and equipment 1,696,290 0 1,696,290 0
Other, net (12,311) (29,643) 54,824 (41,028)
Other expense, net 1,397,914 (212,174) 1,194,426 (381,819)
Income (loss) before income taxes 2,498,020 (233,185) 3,340,468 (1,156,230)
Income tax expense 74,933 (5,194) 107,397 7,554
Net income (loss) $ 2,423,087 $ (227,991) $ 3,233,071 $ (1,163,784)
Net income (loss) per share: Basic and diluted (in dollars per share) $ 0.31 $ (0.03) $ 0.41 $ (0.16)