Note 3 - Inventories and Major Vendors

6 Months Ended

Apr. 30, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

3

–

Inventories and major vendors

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method. Inventories consist of the following (in thousands): 

	April 30, 2020		October 31, 2019
Raw materials and supplies	$	4,289	$	3,576
Work in process		434		791
Finished goods		4,377		3,878
Totals	$	9,100	$	8,245

No

vendors accounted for more than

10%

of inventory purchases for the

three

or

six

months ended

April 30, 2020.

For the

three

months ended

April 30, 2019,

two

vendors accounted for

11%

and

10%

of inventory purchases. One of these vendors accounted for

14%

of inventory purchases for the

six

months ended

April 30, 2019,

while a different vendor accounted for

13%

of inventory purchases. We have arrangements with these vendors to purchase products based on purchase orders that we periodically issue.