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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Aug. 05, 2023
Aug. 06, 2022
Aug. 05, 2023
Aug. 06, 2022
Income Statement [Abstract]        
Net sales $ 14,654,789 $ 13,846,698 $ 48,599,139 $ 35,300,014
Cost of sales (9,540,399) (9,948,638) (31,659,842) (25,651,808)
Gross profit 5,114,390 3,898,060 16,939,297 9,648,206
Selling, general and administrative expenses (1,987,782) (1,653,200) (6,238,457) (4,448,349)
Operating income 3,126,608 2,244,860 10,700,840 5,199,857
Other income (loss):        
Interest income 203,972 62,449 513,987 176,706
Undistributed earnings in joint venture - Majestic 21 27,828 15,488 76,276 40,710
Proceeds received under escrow arrangement 115,641 52,140 209,806 285,639
Increase (decrease) in fair value of equity investment 81,078 (57,022) (47,939) (80,796)
Gain on disposal of property, plant and equipment 0 0 0 88,936
Miscellaneous 16,404 161,157 42,766 187,065
Total other income 444,923 234,212 794,896 698,260
Income before provision for income taxes 3,571,531 2,479,072 11,495,736 5,898,117
Income tax expense (905,203) (594,313) (2,913,592) (1,399,498)
Net income $ 2,666,328 $ 1,884,759 $ 8,582,144 $ 4,498,619
Net income per share:        
Basic 3,323,874 3,370,912 3,354,981 3,460,074
Diluted 3,328,875 3,376,771 3,357,424 3,469,769
Basic $ 0.8 $ 0.56 $ 2.56 $ 1.3
Diluted $ 0.8 $ 0.56 $ 2.56 $ 1.3