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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
OPERATING ACTIVITIES:    
Net (loss) income $ (696,464) $ 1,063,703
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 280,594 337,353
Stock-based compensation 364,009 379,537
Unrealized gain on commodities (112,446) (559,408)
Loss on equity method investments 35,801 3,915
Write-off of accounts receivable 415,096
Write-down of obsolete inventory 718,353
Amortization of right of use asset 179,949 226,155
Deferred income taxes (37,567) 154,550
Changes in operating assets and liabilities:    
Accounts receivable 1,548,935 709,476
Inventories (949,058) 1,935,996
Prepaid expenses and other current assets 111,286 (173,177)
Prepaid and refundable income taxes (299,465) 91,684
Accounts payable and accrued expenses (2,423,835) 970,875
Deposits and other assets (68,757) (100,000)
Change in lease liability (152,934) (248,980)
Income taxes payable (410,235) 255,611
Net cash (used in) provided by operating activities (1,496,738) 5,047,290
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (871,919) (597,444)
Net cash used in investing activities (871,919) (597,444)
FINANCING ACTIVITIES:    
Advances under bank line of credit 2,500,000 15,563
Principal payments on note payable (2,631) (2,507)
Payment of dividend (399,000)
Principal payments under bank line of credit (400,850) (3,809,885)
Net cash provided by (used in) financing activities 1,697,519 (3,796,829)
NET (DECREASE) INCREASE IN CASH (671,138) 653,017
CASH, BEGINNING OF PERIOD 3,696,275 2,875,120
CASH, END OF PERIOD 3,025,137 3,528,137
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 84,967 54,943
Income taxes paid 498,992 8,485
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchase of inventory by non-controlling interest 220,043  
Initial recognition of operating lease right of use asset 65,999
Initial recognition of operating lease liabilities $ 65,999