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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 504,400 $ 550,242
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 564,843 547,483
Stock-based compensation 678,709 228,868
Unrealized (gain) loss on commodities (355,079) 74,658
Loss on equity method investments 4,539 2,691
Deferred rent (36,151)
Amortization of right to use asset 325,140
Deferred income taxes 73,473 (43,988)
Changes in operating assets and liabilities:    
Accounts receivable 2,587,601 1,421,655
Inventories 299,249 (2,431,050)
Prepaid expenses and other current assets (120,563) (107,498)
Prepaid and refundable income taxes 154,158 94,567
Accounts payable and accrued expenses (1,437,428) (1,206,027)
Change in lease liability (357,286)
Deposits and other assets (5,885)
Income taxes payable 217 (1,305)
Net cash provided by (used in) operating activities 2,921,973 (911,740)
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (392,023) (568,235)
Net cash used in investing activities (392,023) (568,235)
FINANCING ACTIVITIES:    
Advances under bank line of credit 1,141,132 7,626
Proceeds from PPP loan 634,400
Principal payment on note payable (3,210) (70,255)
Principal payments under bank line of credit (4,512,050) (500,000)
Net cash used in financing activities (2,739,728) (562,629)
NET DECREASE IN CASH (209,778) (2,042,604)
CASH, BEGINNING OF PERIOD 2,402,556 4,611,384
CASH, END OF PERIOD 2,192,778 2,568,780
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 159,484 197,216
Income taxes paid 22,956 66,269
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset 2,512,022
Initial recognition of operating lease liabilities 2,705,484
Machinery and equipment acquired through financing $ 26,807