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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2021
Oct. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 15,489 $ 15,797
Trade accounts receivable, net of allowance for doubtful accounts of $55 and $66, respectively 5,155 5,669
Inventories 9,019 8,586
Other current assets 2,139 813
TOTAL CURRENT ASSETS 31,802 30,865
Property and equipment:    
Equipment and tooling 3,916 3,819
Furniture and office equipment 1,092 1,073
Property, Plant and Equipment, Gross, Ending Balance 5,008 4,892
Less accumulated depreciation 4,162 4,082
Total property and equipment, net 846 810
Operating lease right of use assets, net 1,184 1,421
Goodwill 2,467 2,467
Amortizable intangible assets, net 3,024 3,181
Non-amortizable intangible assets, trademarks 1,174 1,174
Deferred tax assets 68 834
Other assets 70 70
TOTAL ASSETS 40,635 40,822
CURRENT LIABILITIES    
Accounts payable 1,510 1,475
Accrued expenses 2,617 2,573
Current portion of PPP Loans 2,103 1,699
Current portion of operating lease liabilities 789 874
Income taxes payable 43
Other current liabilities 296
TOTAL CURRENT LIABILITIES 7,315 6,664
Operating lease liabilities 477 635
PPP Loans 685 1,089
Other long-term liabilities 370
TOTAL LIABILITIES 8,477 8,758
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 9,962,456 and 9,814,118 shares issued and outstanding at January 31, 2021 and October 31, 2020, respectively 100 98
Additional paid-in capital 23,441 22,946
Retained earnings 8,617 9,020
TOTAL STOCKHOLDERS' EQUITY 32,158 32,064
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,635 $ 40,822