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Balance Sheets - USD ($)
Jan. 31, 2017
Oct. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,944,199 $ 2,719,337
Certificates of deposit 311,048 310,463
Accounts receivable, net of allowance for doubtful accounts of $15,000 at January 31, 2017 and at October 31, 2016 325,537 881,997
Inventories 3,679,465 3,839,115
Income taxes receivable 191,303 191,303
Prepaid expense and other current assets 119,943 155,961
Total current assets 8,571,495 8,098,176
Property, plant and equipment, at cost: 3,932,370 3,930,058
Less: accumulated depreciation 2,498,731 2,449,231
Net property, plant and equipment 1,433,639 1,480,827
Other assets:    
Other assets 1,256 1,256
Deferred income taxes 56,719 35,719
Total other assets 57,975 36,975
TOTAL ASSETS 10,063,109 9,615,978
Current liabilities:    
Accounts payable 547,685 390,108
Accrued liabilities 267,092 276,717
Customer deposits 487,916 149,324
Total current liabilities 1,302,693 816,149
Total liabilities 1,302,693 816,149
Stockholders' equity:    
Preferred stock, par value $.0001, 10,000,000 shares authorized, none issued
Common stock, par value $.01, 25,000,000 shares authorized; 6,429,875 shares issued at January 31, 2017 and October 31, 2016 64,299 64,299
Additional paid-in capital 6,419,687 6,419,687
Retained earnings 2,957,840 2,997,253
Total stockholders' equity before treasury stock 9,441,826 9,481,239
Less: Treasury stock, 1,245,980 shares, at cost (681,410) (681,410)
Total stockholders' equity 8,760,416 8,799,829
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,063,109 $ 9,615,978