v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2026
Oct. 31, 2025
Current assets:    
Cash $ 145,600 $ 237,508
Trade accounts receivable, net of allowance for credit losses of $82,688 at April 30, 2026 and $72,909 at October 31, 2025 11,078,286 10,280,616
Income taxes refundable - current 8,978 13,500
Other receivables 19,928 19,863
Inventories 21,270,561 19,801,754
Prepaid expenses and other assets 425,292 402,542
Total current assets 32,948,645 30,755,783
Property and equipment, net 6,538,656 6,589,517
Intangible assets, net 481,507 481,225
Other assets, net 2,442,274 2,233,256
Total assets 42,411,082 40,059,781
Current liabilities:    
Current installments of long-term debt 59,859 2,570,793
Note payable, revolver - current 7,332,517 5,624,816
Accounts payable and accrued expenses 6,719,907 6,848,785
Accrued compensation and payroll taxes 1,729,223 1,784,207
Income taxes payable 6,590 24,688
Total current liabilities 15,848,096 16,853,289
Long-term debt, excluding current installments 2,590,141 0
Other noncurrent liabilities 1,735,730 1,632,587
Total liabilities 20,173,967 18,485,876
Redeemable restricted common stock, no par value, 642,199 shares issued and outstanding as of April 30, 2026 and October 31, 2025 7,012,813 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 April 30, 2026 and 8,227,871 shares at October 31, 2025 15,749,664 15,743,742
Retained earnings (accumulated deficit) (525,362) 763,213
Total shareholders’ equity 15,224,302 16,506,955
Commitments and Contingencies  
Total liabilities, redeemable common stock and shareholders' equity $ 42,411,082 $ 40,059,781