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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2024
Oct. 31, 2023
Cash and cash equivalents $ 1,764 $ 4,897
Trade accounts receivable, net of allowance for credit losses of $146 and $244, respectively 10,676 10,277
Inventories 15,049 18,730
Other current assets 1,896 2,136
TOTAL CURRENT ASSETS 29,385 36,040
Property and equipment:    
Equipment and tooling 4,782 4,796
Furniture and office equipment 6,170 5,631
Property, Plant and Equipment, Gross 10,952 10,427
Less accumulated depreciation 6,102 5,503
Total property and equipment, net 4,850 4,924
Operating lease right-of-use assets, net 15,304 15,689
Goodwill 8,085 8,085
Amortizable intangible assets, net 12,329 13,595
Non-amortizable intangible assets 1,174 1,174
Deferred tax assets 0 2,494
Other assets 733 277
TOTAL ASSETS 71,860 82,278
CURRENT LIABILITIES    
Accounts payable 3,148 3,201
Accrued expenses 5,046 4,572
Line of credit 8,704 1,000
Current portion of Term Loan 0 2,424
Current portion of operating lease liabilities 1,481 1,314
TOTAL CURRENT LIABILITIES 18,379 12,511
Operating lease liabilities 19,163 19,284
Deferred tax liabilities 182 0
Term Loan, net of debt issuance cost 0 10,721
TOTAL LIABILITIES 37,724 42,516
Commitments and Contingencies  
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,495,548 and 10,343,223 shares issued and outstanding at April 30, 2024 and October 31, 2023, respectively 105 104
Additional paid-in capital 26,821 26,087
Retained earnings 7,210 13,571
TOTAL STOCKHOLDERS' EQUITY 34,136 39,762
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 71,860 $ 82,278