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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2021
Jan. 31, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ 756,282 $ (551,184)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 168,191 187,793
Stock-based compensation 189,768 248,031
Unrealized (gain) loss on commodities (415,075) 985,837
Loss on equity method investments 2,598 1,311
Amortization of right to use asset 112,587 106,961
Change in lease liability (124,044) (117,468)
Deferred income taxes 180,649 (213,102)
Changes in operating assets and liabilities:    
Accounts receivable (399,548) 811,251
Inventories 1,403,694 785,372
Prepaid expenses and other current assets (19,408) (26,258)
Prepaid and refundable income taxes 85,114 138,033
Accounts payable and accrued expenses 708,929 (636,344)
Income taxes payable 115,411 217
Net cash provided by operating activities 2,765,148 1,720,450
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (66,151) (71,974)
Net cash used in investing activities (66,151) (71,974)
FINANCING ACTIVITIES:    
Advances under bank line of credit 910 600,100
Principal payments on note payable (1,246)  
Principal payments under bank line of credit (2,845,000) (1,900,000)
Net cash used in financing activities (2,845,336) (1,299,900)
NET (DECREASE) INCREASE IN CASH (146,339) 348,576
CASH, BEGINNING OF PERIOD 2,875,120 2,402,556
CASH, END OF PERIOD 2,728,781 2,751,132
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 31,409 61,906
Income taxes paid 69 9,436
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