Note 5 - Product Warranties

3 Months Ended

Jan. 31, 2024

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

(5) Product Warranties

As of January 31, 2024 and October 31, 2023, the Company’s accrual for estimated product warranty claims totaled $75,000 and $80,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months ended January 31, 2024 and 2023 totaled $5,188 and $16,574, respectively.

The following table summarizes the changes in the Company’s accrual for product warranties during the three months ended January 31, 2024 and 2023:

	Three Months Ended
	January 31,
	2024			2023
Balance at beginning of period	$	80,000		$	75,000
Liabilities accrued for warranties issued during the period		42,272			55,430
Warranty claims and costs paid during the period		(10,188	)		(26,574	)
Changes in liability for pre-existing warranties during the period		(37,084	)		(38,856	)
Balance at end of period	$	75,000		$	65,000