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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2023
Oct. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 3,770 $ 4,532
Trade accounts receivable, net of allowance for doubtful accounts of $271 and $126, respectively 13,905 14,812
Inventories 20,937 21,054
Other current assets 3,184 5,849
TOTAL CURRENT ASSETS 41,796 46,247
Property and equipment:    
Equipment and tooling 4,622 4,497
Furniture and office equipment 4,452 3,447
Property, Plant and Equipment, Gross, Ending Balance 9,074 7,944
Less accumulated depreciation 4,881 4,771
Total property and equipment, net 4,193 3,173
Operating lease right of use assets, net 12,708 13,480
Goodwill 8,085 8,085
Amortizable intangible assets, net 14,865 15,296
Non-amortizable intangible assets 1,174 1,174
Deferred tax assets 1,952 1,816
Other assets 295 295
TOTAL ASSETS 85,140 89,566
CURRENT LIABILITIES    
Accounts payable 4,849 5,652
Accrued expenses 5,568 8,814
Deferred revenue 1,133 0
Current portion of Term Loan 2,424 2,424
Current portion of operating lease liabilities 1,728 1,887
Income taxes payable 1,042 759
TOTAL CURRENT LIABILITIES 16,744 19,536
Operating lease liabilities 14,866 15,025
Term Loan, net of debt issuance cost 12,532 13,136
TOTAL LIABILITIES 44,142 47,697
Commitments and Contingencies  
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,291,067 and 10,193,287 shares issued and outstanding at January 31, 2023 and October 31, 2022, respectively 103 102
Additional paid-in capital 25,408 25,118
Retained earnings 15,487 16,649
TOTAL STOCKHOLDERS' EQUITY 40,998 41,869
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 85,140 $ 89,566