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Condensed Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2021
Oct. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,090,786 $ 2,626,221
Certificate of deposit 1,012,073 1,011,824
Accounts receivable, net of allowance for doubtful accounts of $6,000 at January 31, 2021 and $6,000 at October 31, 2020 1,258,063 788,234
Inventories 4,482,963 4,254,880
Prepaid expense and other current assets 249,619 92,195
Income taxes receivable 368,815 332,815
Total current assets 9,462,319 9,106,169
Property, plant and equipment, at cost 4,501,217 4,440,561
Less: accumulated depreciation 3,274,064 3,161,864
Net property, plant and equipment 1,227,153 1,278,697
Other assets:    
Deferred income taxes 77,890 77,890
Total other assets 77,890 77,890
TOTAL ASSETS 10,767,362 10,462,756
Current liabilities:    
Accounts payable 555,592 480,278
Accrued liabilities 327,235 377,898
Customer deposits 947,853 526,725
Total current liabilities 1,830,680 1,384,901
Long term debt 0 626,466
Total liabilities 1,830,680 2,011,367
Stockholders' equity:    
Preferred stock, par value $.0001, 10,000,000 shares authorized, none issued 0 0
Common stock, par value $.01, 25,000,000 shares authorized; 6,429,875 shares issued 64,299 64,299
Additional paid-in capital 6,419,687 6,419,687
Retained earnings 3,134,106 2,648,813
Total stockholders' equity before treasury stock 9,618,092 9,132,799
Less:Treasury stock, 1,245,980 shares, at cost (681,410) (681,410)
Total stockholders' equity 8,936,682 8,451,389
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,767,362 $ 10,462,756