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CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)
Jan. 31, 2022
Oct. 31, 2021
Current assets:    
Cash and cash equivalents $ 2,066,826 $ 1,742,336
Certificate of deposit 1,013,335 1,012,960
Accounts receivable, net of allowance for doubtful accounts of $11,844 at January 31, 2022 and at October 31, 2021 736,468 870,571
Inventories 4,976,244 4,708,263
Prepaid expense and other current assets 122,182 131,333
Income taxes receivable 434,019 434,019
Total current assets 9,349,074 8,899,482
Property, plant and equipment, at cost: 4,753,873 4,719,850
Less: accumulated depreciation 3,443,032 3,386,332
Net property, plant and equipment 1,310,841 1,333,518
Other assets    
Deferred income taxes 162,010 133,010
Total other assets 162,010 133,010
TOTAL ASSETS 10,821,925 10,366,010
Current liabilities:    
Accounts payable 433,331 421,293
Accrued liabilities 349,122 384,322
Accrued sales returns 490,000 490,000
Customer deposits 1,330,045 749,820
Total current liabilities 2,602,498 2,045,435
Total liabilities 2,602,498 2,045,435
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 64,299 64,299
Additional paid-in capital 6,419,687 6,419,687
Retained earnings 2,416,851 2,517,999
Less:Treasury stock, 1,245,980 shares, at cost (681,410) (681,410)
Total stockholders' equity 8,219,427 8,320,575
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,821,925 $ 10,366,010