Note 3 - Inventories and Major Vendors

9 Months Ended

Jul. 31, 2024

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): 

	July 31, 2024		October 31, 2023
Raw materials and supplies	$	10,923	$	12,957
Work in process		565		439
Finished goods		3,561		5,334
Totals	$	15,049	$	18,730

For the three months ended July 31, 2024, no single vendor accounted for 10% or more of inventory purchases. For the three months ended July 31, 2023, one vendor accounted for 10% of inventory purchases. For the nine months ended July, 2024, no single vendor accounted for 10% or more of inventory purchases and one vendor accounted for 17% of inventory purchases for the nine months ended July 31, 2023. We have arrangements with these vendors to purchase products based on purchase orders that we periodically issue.