XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
OPERATING ACTIVITIES:    
Net (loss) income $ (532,103) $ 342,526
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 140,188 155,759
Stock-based compensation 189,768
Unrealized loss (gain) on commodities (772,021) 66,767
Loss on equity method investments 5,017 31,726
Amortization of right to use asset 79,663 102,681
Deferred income taxes (167,250) (15,792)
Changes in operating assets and liabilities:    
Accounts receivable 915,609 757,812
Inventories 2,555,433 (854,374)
Prepaid expenses and other current assets 111,636 (107,069)
Prepaid and refundable income taxes 3,750
Lease liability (67,699) (89,071)
Deposits and other assets (68,757)
Accounts payable and accrued expenses 535,039 (1,897,340)
Income taxes payable 148,150
Net cash provided by (used in) operating activities 2,803,512 (1,233,464)
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (202,018) (44,729)
Net cash used in investing activities (202,018) (44,729)
FINANCING ACTIVITIES:    
Advances under bank line of credit 914,782 1,600,000
Cash overdraft (876,148)  
Principal payments on note payable (1,373) (1,307)
Principal payments under bank line of credit (900,000)
Net cash (used in) provided by financing activities (862,739) 1,598,693
NET INCREASE IN CASH 1,738,755 320,500
CASH, BEGINNING OF PERIOD 2,515,873 3,696,275
CASH, END OF PERIOD 4,254,628 4,016,775
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 121,019 36,853
Income taxes paid $ 1,298
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset $ 40,797