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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Aug. 01, 2020
Aug. 03, 2019
Income Statement [Abstract]        
Net sales $ 8,800,410 $ 11,785,366 $ 28,446,764 $ 35,567,828
Cost of sales (6,361,500) (8,139,910) (19,980,510) (25,506,957)
Gross profit 2,438,910 3,645,456 8,466,254 10,060,871
Selling, general and administrative expenses (1,107,850) (1,352,315) (3,586,622) (3,860,173)
Operating income 1,331,060 2,293,141 4,879,632 6,200,698
Other income (loss):        
Interest income 53,209 134,526 239,365 431,995
Undistributed earnings in joint venture - Majestic 21 20,855 19,800 61,125 60,555
Proceeds received under escrow arrangement 64,053 76,734 336,447 289,341
Market value of equity investment 21,475   (159,051)  
Gain on sale of assets 32,041 864,887 32,041 880,129
Miscellaneous 12,910 10,834 32,504 33,714
Total other income 204,543 1,106,781 542,431 1,695,734
Income before provision for income taxes 1,535,603 3,399,922 5,422,063 7,896,432
Income tax expense (375,465) (856,818) (1,311,780) (1,997,797)
Net income 1,160,138 2,543,104 4,110,283 5,898,635
Other comprehensive income (loss)        
Unrealized investment income net of tax effect   (96,120)   (40,408)
Comprehensive income $ 1,160,138 $ 2,446,984 $ 4,110,283 $ 5,858,227
Weighted average number of shares outstanding:        
Basic 3,631,089 3,807,357 3,641,048 3,848,936
Diluted 3,632,420 3,808,617 3,642,397 3,850,169
Net income per share:        
Basic $ 0.32 $ 0.67 $ 1.13 $ 1.53
Diluted $ 0.32 $ 0.67 $ 1.13 $ 1.53