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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Cash flows from operating activities:    
Net income $ 3,841,449 $ 4,110,283
Adjustments to reconcile net income to net cash provide by operating activities:    
Depreciation 142,224 118,179
Deferred income taxes 90,011 60,055
Undistributed earnings in joint venture—Majestic 21 (45,959) (61,125)
Gain on disposal of property, plant and equipment   (32,041)
(Increase) decrease in fair market value of equity investments (203,310) 159,051
Stock-based compensation 53,340 8,368
Amortization of operating lease right of use assets 31,226 26,862
Decrease (increase) in:    
Accounts receivable—trade (344,629) 638,480
Inventories (134,246) (20,842)
Pre-owned homes 124,292 (385,597)
Prepaid expenses and other current assets (355,490) 155,518
Interest receivable (16,223) (130,097)
Income tax receivables 24,414  
(Decrease) increase in:    
Accounts payable (109,865) (457,884)
Accrued compensation (228,760) (296,735)
Accrued expenses and other current liabilities 44,028 (883,146)
Income taxes payable   (2,016,132)
Customer deposits 7,251,592 69,067
Net cash provided by operating activities 10,164,094 1,062,264
Cash flows from investing activities:    
Purchase of property, plant and equipment (1,916,288) (270,365)
Purchase of certificates of deposit   (20,000)
Proceeds from certificates of deposit 2,496,000 2,024,000
Proceeds from disposal of property, plant and equipment   33,139
Collections on interest receivable 31,620 87,358
Collections on mortgage notes receivable 1,692 1,596
(Issuance of) collections on equipment note receivable (43,661) 66,218
Issuance of mobile home park note receivable (72,731)  
Increase in cash surrender value of life insurance (133,650) (144,000)
Net cash provided by investing activities 362,982 1,777,946
Cash flows from financing activities:    
Payment of cash dividend (3,632,100) (3,630,970)
Proceeds from exercise of employee stock option 15,125  
Purchase of treasury stock (3,478,553) (822,450)
Reduction of operating lease obligation (17,372) (9,507)
Net cash used in financing activities (7,112,900) (4,462,927)
Increase (decrease) in cash and cash equivalents 3,414,176 (1,622,717)
Cash and cash equivalents at beginning of year 30,305,902 22,533,965
Cash and cash equivalents at end of period 33,720,078 20,911,248
Supplemental disclosure of cash flows information:    
Income taxes paid $ 1,112,000 $ 3,368,000