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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Income Statement [Abstract]    
Net sales $ 9,071,511 $ 9,443,852
Cost of sales (6,574,064) (6,554,003)
Gross profit 2,497,447 2,889,849
Selling, general and administrative expenses (1,273,381) (1,256,144)
Operating income 1,224,066 1,633,705
Other income :    
Interest income 30,656 101,883
Undistributed earnings in joint venture - Majestic 21 13,708 19,872
Proceeds received under escrow arrangement 45,868 83,109
Increase in fair value of equity investment 79,956  
Miscellaneous 7,320 7,152
Total other income 177,508 212,016
Income before provision for income taxes 1,401,574 1,845,721
Income tax expense (335,809) (445,580)
Net income $ 1,065,765 $ 1,400,141
Weighted average number of shares outstanding:    
Basic 3,631,924 3,659,241
Diluted 3,633,493 3,660,638
Net income per share:    
Basic $ 0.29 $ 0.38
Diluted $ 0.29 $ 0.38