REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

6 Months Ended

Apr. 30, 2026

Accounting Changes and Error Corrections [Abstract]

REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

NOTE 3 – REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

During the preparation of the Company’s condensed consolidated financial statements for the three and six months ended April 30, 2026, management identified a classification error related to certain costs that should have been presented within Cost of sales but were previously classified within Selling and administrative expenses. Management determined that presentation of these costs within Cost of sales better reflects the nature of the underlying expenses.

Accordingly, the Company revised the presentation of certain costs previously reported in Selling and administrative expenses and reclassified such amounts to Cost of sales. The revision increased Cost of sales and decreased Selling and administrative expenses by approximately $689,000 for the three months ended April 30, 2025, $1.5 million for the six months ended April 30, 2025, and $904,000 for the three months ended January 31, 2026. The revision had no impact on operating income, net income, earnings per share, total assets, total liabilities, stockholders’ equity, or cash flows for any period presented.

The following tables summarize the effect of the revision on the Company’s condensed consolidated statements of operations:

Three Months Ended April 30, 2025

(Unaudited)	As Previously Reported		Revision			As Revised
Net sales	$	23,320,061	$	—		$	23,320,061
Cost of sales		18,901,189		688,700			19,589,889
Gross profit		4,418,872		(688,700	)		3,730,172
Selling and administrative expenses		3,286,983		(688,700	)		2,598,283
Operating income		888,615	$	—			888,615

Six Months Ended April 30, 2025

(Unaudited)	As Previously Reported		Revision			As Revised
Net sales	$	44,625,346	$	—		$	44,625,346
Cost of sales		34,474,548		1,534,557			36,009,105
Gross profit		10,150,798		(1,534,557	)		8,616,241
Selling and administrative expenses		7,216,581		(1,534,557	)		5,682,024
Operating income		2,479,646	$	—			2,479,646

Three Months Ended January 31, 2026

(Unaudited)	As Previously Reported		Revision			As Revised
Net sales	$	25,565,840	$	—		$	25,565,840
Cost of sales		18,536,823		904,080			19,440,903
Gross profit		7,029,017		(904,080	)		6,124,937
Selling and administrative expenses		4,443,286		(904,080	)		3,539,206
Operating income		2,376,742	$	—			2,376,742