v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2026
Oct. 31, 2025
Current assets:    
Cash $ 125,867 $ 237,508
Trade accounts receivable, net of allowance for credit losses of $58,933 at January 31, 2026 and $72,909 at October 31, 2025 8,079,326 10,280,616
Income taxes refundable - current 10,126 13,500
Other receivables 47,128 19,863
Inventories 20,894,017 19,801,754
Prepaid expenses and other assets 486,545 402,542
Total current assets 29,643,009 30,755,783
Property and equipment, net 6,585,196 6,589,517
Intangible assets, net 493,338 481,225
Other assets, net 2,053,117 2,233,256
Total assets 38,774,660 40,059,781
Current liabilities:    
Current installments of long-term debt 2,556,174 2,570,793
Note payable, revolver - current 4,567,644 5,624,816
Accounts payable and accrued expenses 7,210,455 6,848,785
Accrued compensation and payroll taxes 1,823,754 1,784,207
Income taxes payable 31,339 24,688
Total current liabilities 16,189,366 16,853,289
Other noncurrent liabilities 1,476,666 1,632,587
Total liabilities 17,666,032 18,485,876
Redeemable restricted common stock, no par value, 642,199 shares issued and outstanding as of January 31, 2026 and October 31, 2025 2,979,803 5,066,950
Shareholders’ equity:    
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 8,189,399 shares at January 31, 2026 and 8,227,871 shares at October 31, 2025 15,675,994 15,743,742
Retained earnings 2,452,831 763,213
Total shareholders’ equity 18,128,825 16,506,955
Commitments and Contingencies  
Total liabilities, redeemable common stock and shareholders' equity $ 38,774,660 $ 40,059,781