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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Cash flows from operating activities:    
Net income $ 4,110,283 $ 5,898,635
Adjustments to reconcile net income to net cash provide by operating activities:    
Depreciation 118,179 109,016
Undistributed earnings in joint venture—Majestic 21 (61,125) (60,555)
Gain on property held for sale (32,041) (880,129)
Gain on disposal of property, plant and equipment (32,041) (15,242)
Decrease in fair market value of equity investments 159,051  
Stock-based compensation 8,368 19,999
Amortization of operating lease right of use assets 26,862  
Decrease (Increase) in:    
Accounts receivable 638,480 (209,985)
Inventories (20,842) (1,799,958)
Pre-owned homes (385,597) 113,697
Prepaid expenses and other current assets 155,518 (148,304)
Deferred income taxes 60,055 167,576
Interest receivable (130,097) (84,740)
(Decrease) increase in:    
Accounts payable (457,884) (151,508)
Accrued compensation (296,735) (100,832)
Accrued expenses and other current liabilities (883,146) 594,271
Income taxes payable (2,016,132) 272,450
Customer deposits 69,067 (956,413)
Net cash provide by operating activities 1,062,264 2,783,220
Cash flows from investing activities:    
Purchase of property, plant and equipment (270,365) (288,424)
Purchase of certificates of deposit (20,000) (4,000,000)
Proceeds from certicates of deposit 2,024,000  
Proceeds from property held for sale   1,078,325
Proceeds from disposal of property, plant and equipment 33,139  
Collections on interest receivable 87,358  
Collections on mortgage notes receivable 1,596 1,502
Collections on equipment and other notes receivable 66,218 40,263
Increase in cash surrender value of life insurance (144,000) (135,000)
Net cash provided by (used in) investing activities 1,777,946 (3,303,334)
Cash flows from financing activities:    
Payment of cash dividend (3,630,970) (3,864,216)
Proceeds from excerise of employee stock options   19,710
Purchase of treasury stock (822,450) (2,853,361)
Reduction of operating lease obligation (9,507)  
Net cash used in financing activities (4,462,927) (6,697,867)
Decrease in cash and cash equivalents (1,622,717) (7,217,981)
Cash and cash equivalents at beginning of year 22,533,965 28,364,861
Cash and cash equivalents at end of quarter 20,911,248 21,146,880
Supplemental disclosure of cash flows information:    
Income taxes paid $ 3,368,000 $ 1,550,000