XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ 955,979 $ (1,003,824)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 458,429 436,669
Unrealized gain on commodities (934,974) (776,521)
Loss on equity method investments 14,310
Amortization of right-of-use asset 203,268 240,504
Gain on extinguishment of lease liability (210,567)
Deferred income taxes 323,954 (355,500)
Changes in operating assets and liabilities:    
Accounts receivable 533,485 1,334,319
Inventories 4,480,524 2,113,830
Prepaid expenses and other current assets 200,309 (9,306)
Prepaid and refundable income taxes 54,570
Lease liabilities (179,225) (203,908)
Deposits and other assets (12,006)
Accounts payable, accrued expenses, and deferred compensation payable (664,511) (991,411)
Net cash provided by operating activities 5,209,235 799,162
Cash flows from investing activities:    
Purchases of machinery and equipment (270,680) (721,696)
Proceeds from sale of investment 3,150,000
Net cash provided by (used in) investing activities 2,879,320 (721,696)
Cash flows from financing activities:    
Advances under bank line of credit 2,434,783
Cash overdraft (876,148)
Principal payments on note payable (4,374) (4,641)
Principal payments under bank line of credit (7,720,000) (1,728,783)
Net cash used in financing activities (7,724,374) (174,789)
Net change in cash and cash equivalents 364,181 (97,323)
Cash and cash equivalents, beginning of period 2,733,977 2,515,873
Cash and cash equivalents, end of period 3,098,158 2,418,550
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 281,841 243,100
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right-of-use asset $ 547,975 $ 146,416