XML 15 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
OPERATING ACTIVITIES:    
Net income $ 342,526 $ 756,282
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 155,759 168,191
Stock-based compensation 189,768 189,768
Unrealized loss (gain) on commodities 66,767 (415,075)
Loss on equity method investments 31,726 2,598
Amortization of right to use asset 102,681 112,587
Deferred income taxes (15,792) 180,649
Changes in operating assets and liabilities:    
Accounts receivable 757,812 (399,548)
Inventories (854,374) 1,403,694
Prepaid expenses and other current assets (107,069) (19,408)
Prepaid and refundable income taxes 3,750 85,114
Lease liability (89,071) (124,044)
Deposits and other assets (68,757)
Accounts payable and accrued expenses (1,897,340) 708,929
Income taxes payable 148,150 115,411
Net cash (used in) provided by operating activities (1,233,464) 2,765,148
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (44,729) (66,151)
Net cash used in investing activities (44,729) (66,151)
FINANCING ACTIVITIES:    
Advances under bank line of credit 1,600,000 910
Principal payments on note payable (1,307) (1,246)
Principal payments under bank line of credit (2,845,000)
Net cash provided by (used in) financing activities 1,598,693 (2,845,336)
NET INCREASE (DECREASE) IN CASH 320,500 (146,339)
CASH, BEGINNING OF PERIOD 3,696,275 2,875,120
CASH, END OF PERIOD 4,016,775 2,728,781
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 36,853 31,406
Income taxes paid $ 1,298 $ 69