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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 31, 2021
Aug. 01, 2020
Income Statement [Abstract]        
Net sales $ 11,778,120 $ 8,800,410 $ 35,592,531 $ 28,446,764
Cost of sales (9,265,376) (6,361,500) (26,969,655) (19,980,510)
Gross profit 2,512,744 2,438,910 8,622,876 8,466,254
Selling, general and administrative expenses (1,320,456) (1,107,850) (4,144,350) (3,586,622)
Operating income 1,192,288 1,331,060 4,478,526 4,879,632
Other income (loss):        
Interest income 62,491 53,209 145,621 239,365
Undistributed earnings in joint venture - Majestic 21 20,202 20,855 45,959 61,125
Proceeds received under escrow arrangement 75,156 64,053 121,024 336,447
(Decrease) increase market value of equity investment (449) 21,475 203,310 (159,051)
Gain on sale of assets   32,041   32,041
Miscellaneous 48,169 12,910 73,434 32,504
Total other income 205,569 204,543 589,348 542,431
Income before provision for income taxes 1,397,857 1,535,603 5,067,874 5,422,063
Income tax expense (347,111) (375,465) (1,226,425) (1,311,780)
Net income $ 1,050,746 $ 1,160,138 $ 3,841,449 $ 4,110,283
Weighted average number of shares outstanding:        
Basic 3,599,133 3,631,089 3,621,084 3,641,048
Diluted 3,613,187 3,632,420 3,630,216 3,642,397
Net income per share:        
Basic $ 0.29 $ 0.32 $ 1.06 $ 1.13
Diluted $ 0.29 $ 0.32 $ 1.06 $ 1.13