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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
OPERATING ACTIVITIES:    
Net income $ 1,063,703 $ 138,145
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 337,353 378,934
Stock-based compensation 379,537 488,940
Unrealized (gain) loss on commodities (559,408) 318,936
Loss on equity method investments 3,915 2,991
Amortization of right of use asset 226,155 215,335
Deferred income taxes 154,550 (91,802)
Changes in operating assets and liabilities:    
Accounts receivable 709,476 171,461
Inventories 1,935,996 474,443
Prepaid expenses and other current assets (173,177) 71,148
Prepaid and refundable income taxes 91,684 163,258
Accounts payable and accrued expenses 970,875 343,330
Deposits and other assets (100,000)
Change in lease liability (248,980) (236,607)
Income taxes payable 255,611 217
Net cash provided by operating activities 5,047,290 2,438,729
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (597,444) (132,967)
Net cash used in investing activities (597,444) (132,967)
FINANCING ACTIVITIES:    
Advances under bank line of credit 15,563 641,132
Principal payments on note payable (2,507) (1,994)
Principal payments under bank line of credit (3,809,885) (2,700,000)
Net cash used in financing activities (3,796,829) (2,060,862)
NET INCREASE IN CASH 653,017 244,900
CASH, BEGINNING OF PERIOD 2,875,120 2,402,556
CASH, END OF PERIOD 3,528,137 2,647,456
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 54,943 113,647
Income taxes paid 8,485 17,678
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset 65,999 2,512,022
Initial recognition of operating lease liabilities 65,999 2,705,484
Machinery and equipment acquired through financing $ 26,807