XML 154 R6.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ 2,218,014 $ (835,576)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 610,016 593,600
Unrealized gain on commodities – net (617,902) (758,024)
Loss on equity method investments 25 314,768
Gain on sale of investment (650,000)
Gain on extinguishment of lease liability (210,567)
Amortization of right of use asset 315,414 322,030
Write off in investment of Generations (99,734)
Deferred income taxes 749,009 (268,220)
Changes in operating assets and liabilities:    
Accounts receivable (1,384,306) (166,559)
Inventories 3,280,555 265,675
Prepaid expenses and other current assets 246,545 18,374
Prepaid and refundable income taxes 80,437 500,279
Deposits and other assets (6,414) 197,110
Accounts payable and accrued expenses 538,321 1,391,578
Change in lease liability (288,202) (272,952)
Net cash provided by operating activities 5,431,211 652,083
INVESTING ACTIVITIES:    
Purchases of building, machinery and equipment (306,931) (857,760)
Proceeds from sale of investment 3,150,000
Net cash provided by (used in) investing activities 2,843,069 (857,760)
FINANCING ACTIVITIES:    
Advances under bank line of credit 3,034,783
Cash overdraft (876,148)
Principal payment on note payable (7,234) (6,071)
Principal payments under bank line of credit (9,620,000) (1,728,783)
Net cash (used in) provided by financing activities (9,627,234) 423,781
NET INCREASE (DECREASE) IN CASH (1,352,954) 218,104
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,733,977 2,515,873
CASH AND CASH EQUIVALENTS, END OF YEAR 1,381,023 2,733,977
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Cash paid for income taxes 112,294
Interest paid 286,754 538,363
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right of use asset 633,824 146,416
Initial recognition of operating lease liabilities 632,490 146,416
Sale of investment $ 3,150,000