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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
OPERATING ACTIVITIES:    
Net (loss) income $ (4,601,857) $ 867,677
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 584,595 662,909
Impairment of goodwill, trademarks and tradenames 2,569,785 1,080,000
Write-off of accounts receivable 415,096
Stock-based compensation 405,821 759,073
Unrealized loss (gain) on commodities - net 721,350 (469,004)
Loss on equity method investments 47,801 159,160
Impairment of customer list and non-compete agreement 199,767 321,651
Write down of obsolete inventory 718,353
Amortization of right of use asset 674,013 350,871
Deferred income taxes (995,793) (177,801)
Changes in operating assets and liabilities:    
Accounts receivable 1,068,409 (1,891,073)
Inventories (4,563,317) 1,141,127
Prepaid expenses and other current assets 110,098 (51,978)
Prepaid and refundable income taxes (790,203) 69,353
Deposits and other assets (68,757) (128,353)
Accounts payable and accrued expenses (1,232,776) 2,011,543
Change in lease liability (283,444) (406,714)
Income taxes payable (416,449) 411,078
Net cash (used in) provided by operating activities (5,437,508) 4,709,519
INVESTING ACTIVITIES:    
Purchases of other investment (2,500,000)
Proceeds from sale of machinery and equipment 113,166
Purchases of building, machinery and equipment (1,059,205) (1,500,483)
Net cash used in investing activities (1,059,205) (3,887,317)
FINANCING ACTIVITIES:    
Advances under bank line of credit 6,427,654 6,016,413
Cash overdraft 876,148
Principal payment on note payable (3,987) (5,075)
Payment of dividend (399,000)
Capital contributed by non-controlling interest 330,000
Principal payments under bank line of credit (1,914,504) (6,012,385)
Net cash provided by (used in) financing activities 5,316,311 (1,047)
NET (DECREASE) INCREASE IN CASH (1,180,402) 821,155
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 3,696,275 2,875,120
CASH AND CASH EQUIVALENTS, END OF YEAR 2,515,873 3,696,275
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 202,303 85,357
Income taxes paid 1,327,039 35,120
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset 2,091,316
Initial recognition of operating lease liabilities 2,091,316
Termination of operating lease right of use asset 242,888
Termination of operating lease liability 242,888
Distribution of inventory by non-controlling interest $ 554,616