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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
OPERATING ACTIVITIES:    
Net (loss) $ (835,576) $ (4,601,857)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 593,600 584,595
Impairment of goodwill, trademarks and tradenames 2,569,785
Write-off of accounts receivable 415,096
Stock-based compensation 405,821
Unrealized (gain) loss on commodities - net (758,024) 721,350
Loss on equity method investments 314,768 47,801
Gain on sale of investment (650,000)
Impairment of customer list and non-compete agreement 199,767
Write down of obsolete inventory 718,353
Amortization of right of use asset 322,030 674,013
Deferred income taxes (268,220) (995,793)
Changes in operating assets and liabilities:    
Accounts receivable (166,559) 1,068,409
Inventories 265,675 (4,563,317)
Prepaid expenses and other current assets 18,374 110,098
Prepaid and refundable income taxes 500,279 (790,203)
Deposits and other assets 197,110 (68,757)
Accounts payable and accrued expenses 1,391,578 (1,232,776)
Change in lease liability (272,952) (283,444)
Income taxes payable (416,449)
Net cash provided by (used in) operating activities 652,083 (5,437,508)
INVESTING ACTIVITIES:    
Purchases of building, machinery and equipment (857,760) (1,059,205)
Net cash used in investing activities (857,760) (1,059,205)
FINANCING ACTIVITIES:    
Advances under bank line of credit 3,034,783 6,427,654
Cash overdraft (876,148) 876,148
Principal payment on note payable (6,071) (3,987)
Payment of dividend (399,000)
Capital contributed by non-controlling interest 330,000
Principal payments under bank line of credit (1,728,783) (1,914,504)
Net cash provided by financing activities 423,781 5,316,311
NET INCREASE (DECREASE) IN CASH 218,104 (1,180,402)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,515,873 3,696,275
CASH AND CASH EQUIVALENTS, END OF YEAR 2,733,977 2,515,873
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 538,363 202,303
Income taxes paid 1,327,039
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset 146,416
Initial recognition of operating lease liabilities 146,416
Sale of investment 3,150,000
Distribution of inventory by non-controlling interest $ 554,616