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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2022
Oct. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 13,507 $ 13,053
Trade accounts receivable, net of allowance for doubtful accounts of $83 and $87, respectively 10,514 13,523
Inventories 13,477 11,179
Other current assets 3,586 2,893
TOTAL CURRENT ASSETS 41,084 40,648
Property and equipment:    
Equipment and tooling 4,075 3,986
Furniture and office equipment 1,101 1,086
Property, Plant and Equipment, Gross, Ending Balance 5,176 5,072
Less accumulated depreciation 4,449 4,364
Total property and equipment, net 727 708
Operating lease right of use assets, net 1,204 1,453
Goodwill 2,467 2,467
Amortizable intangible assets, net 2,644 2,739
Non-amortizable intangible assets 1,174 1,174
Deferred tax assets 366 389
Other assets 70 70
TOTAL ASSETS 49,736 49,648
CURRENT LIABILITIES    
Accounts payable 3,382 3,504
Accrued expenses 5,659 5,034
Current portion of operating lease liabilities 698 832
TOTAL CURRENT LIABILITIES 9,739 9,370
Operating lease liabilities 545 675
TOTAL LIABILITIES 10,284 10,045
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,096,175 and 10,058,571 shares issued and outstanding at January 31, 2022 and October 31, 2021, respectively 101 101
Additional paid-in capital 24,427 24,301
Retained earnings 14,924 15,201
TOTAL STOCKHOLDERS' EQUITY 39,452 39,603
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 49,736 $ 49,648