v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jul. 31, 2026
Oct. 31, 2025
Current assets:    
Cash $ 297,193 $ 237,508
Trade accounts receivable, net of allowance for credit losses of $84,549 at July 31, 2026 and $72,909 at October 31, 2025 11,842,621 10,280,616
Income taxes refundable - current 0 13,500
Other receivables 40,814 19,863
Inventories 22,938,467 19,801,754
Prepaid expenses and other assets 450,002 402,542
Total current assets 35,569,097 30,755,783
Property and equipment, net 6,613,711 6,589,517
Intangible assets, net 467,739 481,225
Other assets, net 2,204,000 2,233,256
Total assets 44,854,547 40,059,781
Current liabilities:    
Current installments of long-term debt 66,949 2,570,793
Note payable, revolver - current 6,329,173 5,624,816
Accounts payable and accrued expenses 7,312,352 6,848,785
Accrued compensation and payroll taxes 2,666,595 1,784,207
Income taxes payable 33,812 24,688
Total current liabilities 16,408,881 16,853,289
Long-term debt, excluding current installments 2,572,866 0
Other noncurrent liabilities 1,602,230 1,632,587
Total liabilities 20,583,977 18,485,876
Redeemable restricted common stock, no par value, 642,199 shares issued and outstanding as of July 31, 2026 and October 31, 2025 9,543,077 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 8,199,825 shares at July 31, 2026 and 8,227,871 shares at October 31, 2025 15,925,002 15,743,742
Retained earnings (accumulated deficit) (1,197,509) 763,213
Total shareholders’ equity 14,727,493 16,506,955
Commitments and Contingencies  
Total liabilities, redeemable restricted common stock and shareholders' equity $ 44,854,547 $ 40,059,781