v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2026
Oct. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 4,454 $ 5,079
Trade accounts receivable, net 17,047 14,871
Inventories 13,177 13,735
Other current assets 1,766 1,284
TOTAL CURRENT ASSETS 36,444 34,969
Property and equipment:    
Equipment and tooling 5,023 5,020
Furniture and office equipment 6,255 6,328
Property, Plant, and Equipment, before Accumulated Depreciation, Depletion, and Amortization 11,278 11,348
Less accumulated depreciation 7,294 7,119
Total property and equipment, net 3,984 4,229
Operating lease right-of-use assets, net 12,890 13,848
Goodwill 8,085 8,085
Totals 9,032 10,264
Non-amortizable intangible assets 1,174 1,174
Other assets 488 477
TOTAL ASSETS 72,097 73,046
CURRENT LIABILITIES    
Accounts payable 3,290 3,108
Accrued expenses 6,783 7,638
Line of credit 5,718 7,836
Current portion of operating lease liabilities 2,263 2,054
Income taxes payable 0 260
TOTAL CURRENT LIABILITIES 18,054 20,896
Operating lease liabilities 15,212 16,699
Deferred tax liabilities 286 247
TOTAL LIABILITIES 33,552 37,842
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,847,761 and 10,713,801 shares issued and outstanding at July 31, 2026 and October 31, 2025, respectively 109 107
Additional paid-in capital 29,118 28,050
Retained earnings 9,318 7,047
TOTAL STOCKHOLDERS' EQUITY 38,545 35,204
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 72,097 $ 73,046