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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
OPERATING ACTIVITIES:    
Net income $ 835,285 $ 504,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 504,280 564,843
Stock-based compensation 569,305 678,709
Unrealized (gain) loss on commodities (315,569) (355,079)
Loss on equity method investments 7,369 4,539
Amortization of right of use asset 321,921 325,140
Deferred income taxes 4,849 73,473
Changes in operating assets and liabilities:    
Accounts receivable 1,156,932 2,587,601
Inventories 750,468 299,249
Prepaid expenses and other current assets (339,855) (120,563)
Prepaid and refundable income taxes 92,597 154,158
Accounts payable and accrued expenses 1,048,073 (1,437,428)
Deposits and other assets (128,353)
Change in lease liability (367,458) (357,286)
Income taxes payable 288,294 217
Net cash provided by operating activities 4,428,138 2,921,973
INVESTING ACTIVITIES:    
Purchases of building, machinery and equipment (1,491,233) (392,023)
Net cash used in investing activities (1,491,233) (392,023)
FINANCING ACTIVITIES:    
Advances under bank line of credit 2,515,563 1,141,132
Proceeds from PPP loan 634,400
Principal payments on note payable (3,783) (3,210)
Principal payments under bank line of credit (3,812,385) (4,512,050)
Net cash used in financing activities (1,300,605) (2,739,728)
NET INCREASE (DECREASE) IN CASH 1,636,300 (209,778)
CASH, BEGINNING OF PERIOD 2,875,120 2,402,556
CASH, END OF PERIOD 4,511,420 2,192,778
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 55,389 159,484
Income taxes paid 10,307 22,956
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
Termination of operating lease right of use asset 242,888
Termination of operating lease liability 242,888
Machinery and equipment acquired through financing $ 26,807