XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2024
Jan. 31, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ 351,024 $ (532,103)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 154,468 140,188
Unrealized loss (gain) on commodities 182,838 (772,021)
Loss on equity method investments 6,024 5,017
Amortization of right to use asset 82,322 79,663
Deferred income taxes 87,351 (167,250)
Changes in operating assets and liabilities:    
Accounts receivable 2,612,605 915,609
Inventories 1,974,274 2,555,433
Prepaid expenses and other current assets (79,767) 111,636
Prepaid and refundable income taxes 54,970
Lease liability (71,157) (67,699)
Deposits and other assets
Accounts payable and accrued expenses (760,103) 535,039
Net cash provided by operating activities 4,594,849 2,803,512
INVESTING ACTIVITIES:    
Purchases of machinery and equipment (202,018)
Net cash used in investing activities (202,018)
FINANCING ACTIVITIES:    
Advances under bank line of credit 14,404 914,782
Cash overdraft (876,148)
Principal payments on note payable (963) (1,373)
Principal payments under bank line of credit (4,934,404) (900,000)
Net cash used in financing activities (4,920,963) (862,739)
NET (DECREASE) INCREASE IN CASH (326,114) 1,738,755
CASH, BEGINNING OF PERIOD 2,733,977 2,515,873
CASH, END OF PERIOD 2,407,863 4,254,628
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 141,945 121,019
Income taxes paid
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset $ 41,962 $ 40,797