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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Oct. 31, 2024
OPERATING ACTIVITIES:      
Net income $ 1,153,256 $ 351,024  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 159,891 154,468  
Unrealized gain on commodities (742,918) 182,838  
Loss on equity method investments 23 6,024  
Amortization of right-of-use asset 189,962 82,322  
Deferred income taxes 119,827 87,351 $ 749,009
Changes in operating assets and liabilities:      
Accounts receivable (1,993,162) 2,612,605  
Inventories 1,023,657 1,974,274  
Prepaid expenses and other current assets (128,891) (79,767)  
Prepaid and refundable income taxes 285,438 54,970  
Lease liabilities (169,532) (71,157)  
Deposits and other assets (120,291)  
Deferred compensation payable 15,203  
Accounts payable, accrued expenses (194,362) (760,103)  
Net cash (used in) provided by operating activities (401,898) 4,594,849  
Cash flows from investing activities:      
Purchases of machinery and equipment (17,906)  
Acquisition of Second Empire (800,000)  
Net cash used in investing activities (817,906)  
Cash flows from financing activities:      
Advances under bank line of credit 2,500,000 14,404  
Principal payments on note payable (963)  
Payments on bank line of credit (300,000) (4,934,404)  
Net cash provided by (used in) financing activities 2,200,000 (4,920,963)  
Net change in cash and cash equivalents 980,195 (326,114)  
Cash and cash equivalents, beginning of period 1,381,023 2,733,977 2,733,977
Cash and cash equivalents, end of period 2,361,218 2,407,863 $ 1,381,023
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:      
Interest paid 23,444 141,945  
Income taxes paid 2,833    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Initial recognition of operating lease right-of-use asset 2,113,581  
Initial recognition of operating lease liabilities $ 2,113,581 $ 41,962