Note 8 - Fair Value Measurements |
3 Months Ended | ||
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Jan. 31, 2026 | |||
| Notes to Financial Statements | |||
| Fair Value Disclosures [Text Block] |
The carrying amounts reported in the condensed consolidated balance sheets as of January 31, 2026 and October 31, 2025 for cash, trade accounts receivable, income taxes refundable – current, other receivables, current installments of long-term debt, accounts payable and accrued expenses, accrued compensation and payroll taxes, and income taxes payable approximate fair value because of the short maturity of these instruments. The carrying values reported in the condensed consolidated balance sheets as of January 31, 2026 and October 31, 2025 of the Company’s note payable, revolver – current approximate fair value because the interest rates vary with the market. Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
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