v3.26.1
Note 5 - Product Warranties
 9 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]

(5)

Product Warranties

 

As of July 31, 2026 and October 31, 2025, the Company’s accrual for estimated product warranty claims totaled $110,000 and $100,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and nine months ended July 31, 2026 totaled $34,455 and $71,067, respectively. Warranty claims expense for the three months and nine months ended July 31, 2025 totaled $53,088 and $85,029, respectively. Warranty claims expense includes certain costs to investigate claims and potential claims, and the costs to replace and/or repair product pursuant to claims, which can include claims not deemed valid by the Company.

 

The following table summarizes the changes in the Company’s accrual for product warranties during the nine months ended July 31, 2026 and 2025:

 

   

Nine Months Ended

 
   

July 31,

  
   

2026

    

2025

  

Balance at beginning of period

   $ 100,000     $ 65,000  

Liabilities accrued for warranties issued during the period

     106,094       109,520  

Warranty claims and costs paid during the period

     (61,067 )     (45,029 )

Changes in liability for pre-existing warranties during the period

     (35,027 )     (24,491 )

Balance at end of period

   $ 110,000     $ 105,000