Optical Cable (OCC) 10-Q 12 Jun 23 2023 FY Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2023	Jun. 07, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
Document Transition Report	false
Entity File Number	0-27022
Entity Registrant Name	OPTICAL CABLE CORPORATION
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1237042
Entity Address, Address Line One	5290 Concourse Drive
Entity Address, City or Town	Roanoke
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24019
City Area Code	540
Local Phone Number	265-0690
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	OCC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		7,865,121
Entity Central Index Key	0001000230
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Apr. 30, 2023	Oct. 31, 2022
Current assets:
Cash	$ 324,994	$ 215,936
Restricted cash	1,517,885	0
Trade accounts receivable, net of allowance for doubtful accounts of $84,602 at April 30, 2023 and $69,643 at October 31, 2022	11,306,726	10,963,753
Other receivables	73,309	37,442
Inventories	23,099,964	19,438,766
Prepaid expenses and other assets	459,623	540,225
Total current assets	36,782,501	31,196,122
Property and equipment, net	7,274,715	7,390,285
Intangible assets, net	593,229	618,142
Other assets, net	1,325,441	1,353,257
Total assets	45,975,886	40,557,806
Current liabilities:
Current installments of long-term debt	344,451	338,094
Accounts payable and accrued expenses	5,255,712	5,354,150
Accrued compensation and payroll taxes	1,990,719	1,772,551
Income taxes payable	73,427	18,098
Total current liabilities	7,664,309	7,482,893
Note payable, revolver - noncurrent	8,006,810	5,999,663
Long-term debt, excluding current installments	4,016,555	4,190,508
Other noncurrent liabilities	721,594	725,024
Total liabilities	20,409,268	18,398,088
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 7,865,121 shares at April 30, 2023 and 7,893,194 shares at October 31, 2022	14,812,334	14,638,505
Retained earnings	10,754,284	7,521,213
Total shareholders’ equity	25,566,618	22,159,718
Commitments and Contingencies
Total liabilities and shareholders’ equity	$ 45,975,886	$ 40,557,806

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Apr. 30, 2023	Oct. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 84,602	$ 69,643
Preferred Stock, No Par Value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0	0
Common Stock, No Par Value (in dollars per share)	$ 0	$ 0
Common Stock, Shares Authorized (in shares)	50,000,000	50,000,000
Common Stock, Shares, Issued (in shares)	7,865,121	7,893,194
Common Stock, Shares, Outstanding, Ending Balance (in shares)	7,865,121	7,893,194

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Net sales	$ 19,619,536	$ 17,200,578	$ 37,903,211	$ 31,640,873
Cost of goods sold	12,836,830	12,167,132	24,599,296	22,561,575
Gross profit	6,782,706	5,033,446	13,303,915	9,079,298
Selling, general and administrative expenses	5,662,339	5,036,331	11,117,805	9,816,530
Royalty expense, net	6,572	6,586	13,158	13,544
Amortization of intangible assets	13,689	11,540	26,910	23,635
Income (loss) from operations	1,100,106	(21,011)	2,146,042	(774,411)
Other income (expense), net:
Interest expense, net	(286,065)	(182,531)	(556,688)	(340,791)
Gain on insurance proceeds received for damage to property and equipment	1,696,290	0	1,696,290	0
Other, net	(12,311)	(29,643)	54,824	(41,028)
Other expense, net	1,397,914	(212,174)	1,194,426	(381,819)
Income (loss) before income taxes	2,498,020	(233,185)	3,340,468	(1,156,230)
Income tax expense	74,933	(5,194)	107,397	7,554
Net income (loss)	$ 2,423,087	$ (227,991)	$ 3,233,071	$ (1,163,784)
Net income (loss) per share: Basic and diluted (in dollars per share)	$ 0.31	$ (0.03)	$ 0.41	$ (0.16)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Oct. 31, 2021	7,897,477
Balances at Oct. 31, 2021	$ 14,337,649	$ 7,868,304	$ 22,205,953
Share-based compensation, net (in shares)	(47,479)
Share-based compensation, net	$ 19,803	0	19,803
Net income (loss)	$ 0	(935,793)	(935,793)
Balances (in shares) at Jan. 31, 2022	7,849,998
Balances at Jan. 31, 2022	$ 14,357,452	6,932,511	21,289,963
Balances (in shares) at Oct. 31, 2021	7,897,477
Balances at Oct. 31, 2021	$ 14,337,649	7,868,304	22,205,953
Net income (loss)			(1,163,784)
Balances (in shares) at Apr. 30, 2022	7,894,862
Balances at Apr. 30, 2022	$ 14,470,664	6,704,520	21,175,184
Balances (in shares) at Jan. 31, 2022	7,849,998
Balances at Jan. 31, 2022	$ 14,357,452	6,932,511	21,289,963
Share-based compensation, net (in shares)	44,864
Share-based compensation, net	$ 113,212	0	113,212
Net income (loss)	$ 0	(227,991)	(227,991)
Balances (in shares) at Apr. 30, 2022	7,894,862
Balances at Apr. 30, 2022	$ 14,470,664	6,704,520	21,175,184
Balances (in shares) at Oct. 31, 2022	7,893,194
Balances at Oct. 31, 2022	$ 14,638,505	7,521,213	22,159,718
Share-based compensation, net (in shares)	(24,626)
Share-based compensation, net	$ 34,322	0	34,322
Net income (loss)	$ 0	809,984	809,984
Balances (in shares) at Jan. 31, 2023	7,868,568
Balances at Jan. 31, 2023	$ 14,672,827	8,331,197	23,004,024
Balances (in shares) at Oct. 31, 2022	7,893,194
Balances at Oct. 31, 2022	$ 14,638,505	7,521,213	22,159,718
Net income (loss)			3,233,071
Balances (in shares) at Apr. 30, 2023	7,865,121
Balances at Apr. 30, 2023	$ 14,812,334	10,754,284	25,566,618
Balances (in shares) at Jan. 31, 2023	7,868,568
Balances at Jan. 31, 2023	$ 14,672,827	8,331,197	23,004,024
Share-based compensation, net (in shares)	(3,447)
Share-based compensation, net	$ 139,507	0	139,507
Net income (loss)	$ 0	2,423,087	2,423,087
Balances (in shares) at Apr. 30, 2023	7,865,121
Balances at Apr. 30, 2023	$ 14,812,334	$ 10,754,284	$ 25,566,618

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 3,233,071	$ (1,163,784)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	496,661	569,257
Bad debt recovery	14,959	18,038
Share-based compensation expense	289,680	237,651
Gain on insurance proceeds received for damage to property and equipment	(1,696,290)	0
Loss on sale of property and equipment	10,307	31,905
(Increase) decrease in:
Trade accounts receivable	(357,932)	(2,193,887)
Other receivables	(35,867)	21,647
Inventories	(3,661,198)	(2,342,183)
Prepaid expenses and other assets	80,602	100,399
Other assets	(103,560)	193,872
Increase (decrease) in:
Accounts payable and accrued expenses	(102,154)	1,932,023
Accrued compensation and payroll taxes	218,168	276,170
Income taxes payable	55,329	3,790
Other noncurrent liabilities	65,078	(712,902)
Net cash used in operating activities	(1,493,146)	(3,028,004)
Cash flows from investing activities:
Purchase of and deposits for the purchase of property and equipment	(230,252)	(100,313)
Insurance proceeds received for damange to property and equipment	1,696,290	0
Investment in intangible assets	(1,997)	(11,669)
Net cash provided by (used in) investing activities	1,464,041	(111,982)
Cash flows from financing activities:
Payroll taxes withheld and remitted on share-based payments	(115,851)	(104,636)
Principal payments on long-term debt	(167,596)	(161,049)
Payments for financing costs	(50,000)	(50,000)
Principal payments on finance lease	(17,652)	(16,833)
Net cash provided by financing activities	1,656,048	3,246,771
Net increase (decrease) in cash	1,626,943	106,785
Cash at beginning of period	215,936	132,249
Cash at end of period	1,842,879	239,034
Pinnacle Financial Partners [Member] | Virginia Real Estate Loan and North Carolina Real Estate Loan [Member]
Cash flows from financing activities:
Proceeds from note payable, revolver	41,292,679	33,107,669
Payments on note payable, revolver	$ (39,285,532)	$ (29,528,380)

Note 1 - General

Note 1 - General	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(1) General The accompanying unaudited condensed consolidated financial statements of Optical Cable Corporation and its subsidiaries (collectively, the “Company” or “OCC®”) have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10‑Q and Regulation S‑X. Accordingly, they do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all material adjustments considered necessary for a fair presentation have been included. Operating results for the six months ended April 30, 2023 are not necessarily indicative of the results for the fiscal year ending October 31, 2023 because the following items, among other things, may impact those results: changing macroeconomic conditions in various markets, supply chain and labor constraints impacting production volumes, any increased costs related to government and private industry mandates in the areas of the world in which we operate, changes in market conditions, seasonality, inflation and interest rates, changes in technology, competitive conditions, timing of certain projects and purchases by key customers, significant variations in sales resulting from high volatility and timing of large sales orders among a limited number of customers in certain markets, ability of management to execute its business plans, continued ability to maintain and/or secure future debt and/or equity financing to adequately finance ongoing operations; as well as other variables, uncertainties, contingencies and risks set forth as risks in the Company’s Annual Report on Form 10‑K for the fiscal year ended October 31, 2022 (including those set forth in the “Forward-Looking Information” section), or as otherwise set forth in other filings by the Company as variables, contingencies and/or risks possibly affecting future results. The unaudited condensed consolidated financial statements and condensed notes are presented as permitted by Form 10‑Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. For further information, refer to the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10‑K for the fiscal year ended October 31, 2022.

Note 2 - Stock Incentive Plans

Note 2 - Stock Incentive Plans and Other Share-based Compensation	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	(2) Stock Incentive Plans and Other Share Based Compensation As of April 30, 2023, there were approximately 384,000 remaining shares available for grant under the Optical Cable Corporation Stock Incentive Plan (“2017 Plan”). Share-based compensation expense for employees, a consultant and non-employee Directors recognized in the condensed consolidated statements of operations for the three months and six months ended April 30, 2023 was $154,639 and $289,680, respectively. Share-based compensation expense for employees, a consultant and non-employee Directors recognized in the condensed consolidated statements of operations for the three months and six months ended April 30, 2022 was $113,212 and $237,651, respectively. Share-based compensation expense is entirely related to expense recognized in connection with the vesting of restricted stock awards or other stock awards. Stock Compensation The Company has granted, and anticipates granting from time to time, restricted stock awards subject to approval by the Compensation Committee of the Board of Directors. Since fiscal year 2004, the Company has exclusively used restricted stock awards for all share-based compensation of employees and consultants, and restricted stock awards or stock awards to non-employee members of the Board of Directors. Restricted stock award activity during the six months ended April 30, 2023 consisted of restricted shares withheld for taxes in connection with the vesting of restricted shares totaling 28,073 shares. OCC restricted stock grants provide the participant with the option to surrender shares to pay for withholding tax obligations resulting from any vesting restricted shares, or to pay cash to the Company or taxing authorities in the amount of the withholding taxes owed on the value of any vesting restricted shares in order to avoid surrendering shares. As of April 30, 2023, the estimated amount of compensation cost related to unvested equity-based compensation awards in the form of service-based and operational performance-based shares that the Company will recognize over a 1.2 year weighted-average period is approximately $730,000.

Note 3 - Allowance for Doubtful

Note 3 - Allowance for Doubtful Accounts for Trade Accounts Receivable	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Allowance for Doubtful Accounts for Trade Accounts Receivable Disclosure [Text Block]	(3) Allowance for Doubtful Accounts for Trade Accounts Receivable A summary of changes in the allowance for doubtful accounts for trade accounts receivable for the six months ended April 30, 2023 and 2022 follows: Six Months Ended April 30, 2023 2022 Balance at beginning of period $ 69,643 $ 61,527 Bad debt expense 14,959 18,038 Balance at end of period $ 84,602 $ 79,565

Note 4 - Inventories

Note 4 - Inventories	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	(4) Inventories Inventories as of April 30, 2023 and October 31, 2022 consist of the following: April 30, October 31, 2023 2022 Finished goods $ 5,581,554 $ 3,894,102 Work in process 5,249,317 4,054,789 Raw materials 11,876,802 11,093,140 Production supplies 392,291 396,735 Total $ 23,099,964 $ 19,438,766

Note 5 - Product Warranties

Note 5 - Product Warranties	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	(5) Product Warranties As of April 30, 2023 and October 31, 2022, the Company’s accrual for estimated product warranty claims totaled $65,000 and $75,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and six months ended April 30, 2023 totaled $13,078 and $29,652, respectively. Warranty claims expense for the three months and six months ended April 30, 2022 totaled $15,641 and $23,535, respectively. The following table summarizes the changes in the Company’s accrual for product warranties during the six months ended April 30, 2023 and 2022: Six Months Ended April 30, 2023 2022 Balance at beginning of period $ 75,000 $ 75,000 Liabilities accrued for warranties issued during the period 59,149 80,092 Warranty claims and costs paid during the period (39,652 ) (33,535 ) Changes in liability for pre-existing warranties during the period (29,497 ) (56,557 ) Balance at end of period $ 65,000 $ 65,000

Note 6 - Long-term Debt and Not

Note 6 - Long-term Debt and Notes Payable	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	(6) Long-term Debt and Notes Payable The Company has credit facilities consisting of a real estate term loan, as amended and restated (the “Virginia Real Estate Loan”), a supplemental real estate term loan, as amended and restated (the “North Carolina Real Estate Loan”) and a Revolving Credit Master Promissory Note and related agreements (collectively, the “Revolver”). Both the Virginia Real Estate Loan and the North Carolina Real Estate Loan are with Northeast Bank, have a fixed interest rate of 3.95% and are secured by a first lien deed of trust on the Company’s real property. Also see note 12. Long-term debt as of April 30, 2023 and October 31, 2022 consists of the following: April 30, October 31, 2023 2022 Virginia Real Estate Loan ($6.5 million original principal) payable in monthly installments of $31,812, including interest (at 3.95%), with final payment of $3,318,029 due May 1, 2024 $ 3,550,720 $ 3,669,294 North Carolina Real Estate Loan ($2.24 million original principal) payable in monthly installments of $10,963, including interest (at 3.95%), with final payment of $711,773 due May 1, 2024 810,286 859,308 Total long-term debt 4,361,006 4,528,602 Less current installments 344,451 338,094 Long-term debt, excluding current installments $ 4,016,555 $ 4,190,508 The Revolver with North Mill Capital LLC (now doing business as SLR Business Credit, “SLR”) provides the Company with one or more advances in an amount up to: (a) 85% of the aggregate outstanding amount of eligible accounts (the “eligible accounts loan value”); plus (b) the lowest of (i) an amount up to 35% of the aggregate value of eligible inventory, (ii) $5,000,000, and (iii) an amount not to exceed 100% of the then outstanding eligible accounts loan value; minus (c) $1,150,000. The maximum aggregate principal amount subject to the Revolver is $18,000,000. Interest accrues on the daily balance at the per annum rate of 1.5% above the Prime Rate in effect from time to time, but not less than 4.75% (the “Applicable Rate”). In the event of a default, interest may become 6.0% above the Applicable Rate. As of April 30, 2023, the Revolver accrued interest at the prime lending rate plus 1.5% (resulting in a 9.5% rate at April 30, 2023). The termination date of the Revolver is July 24, 2025 and the loan may be extended in one The Revolver is secured by all of the following assets: properties, rights and interests in property of the Company whether now owned or existing, or hereafter acquired or arising, and wherever located; all accounts, equipment, commercial tort claims, general intangibles, chattel paper, inventory, negotiable collateral, investment property, financial assets, letter-of-credit rights, supporting obligations, deposit accounts, money or assets of the Company, which hereafter come into the possession, custody, or control of SLR; all proceeds and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance covering any or all of the foregoing; any and all tangible or intangible property resulting from the sale, lease, license or other disposition of any of the foregoing, or any portion thereof or interest therein, and all proceeds thereof; and any other assets of the Company which may be subject to a lien in favor of SLR as security for the obligations under the Loan Agreement. As of April 30, 2023, the Company had $8.0 million of outstanding borrowings on its Revolver and $5.0 million in available credit. As of October 31, 2022, the Company had $6.0 million of outstanding borrowings on its Revolver and $5.9 million in available credit.

Note 7 - Leases

Note 7 - Leases	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Lessee, Operating and Finance Leases Disclosure [Text Block]	(7) Leases The Company has an operating lease agreement for approximately 34,000 square feet of office, manufacturing and warehouse space in Plano, Texas (near Dallas). The lease term expires on November 30, 2024. The Company has an operating lease agreement for approximately 36,000 square feet of warehouse space in Roanoke, Virginia. During the first quarter of fiscal year 2023, the lease term was extended for an additional three The Company also leases certain office equipment under operating leases with initial 60 month terms. The lease terms expire in February and April of 2025. OCC leases printers that are used in the Roanoke, Virginia manufacturing facility. The lease term expires on August 22, 2026. The right-of-use asset is being amortized on a straight line basis over seven years. When the lease term ends, the remaining net book value of the right-of-use asset will be classified as property and equipment. The Company’s lease contracts may include options to extend or terminate the leases. The Company exercises judgment to determine the term of those leases when such options are present and include such options in the calculation of the lease term when it is reasonably certain that it will exercise those options. The Company includes contract lease components in its determination of lease payments, while non-lease components of the contracts, such as taxes, insurance, and common area maintenance, are expensed as incurred. At commencement, right-of-use assets and lease liabilities are measured at the present value of future lease payments over the lease term. The Company uses its incremental borrowing rate based on information available at the time of lease commencement to measure the present value of future payments. Operating lease expense is recognized on a straight-line basis over the lease term. Short term leases with an initial term of 12 months or less are expensed as incurred. The Company’s short term leases have month-to-month terms. Operating lease right-of-use assets of $779,031 and $662,328 were included in other assets at April 30, 2023 and October 31, 2022, respectively. Operating lease liabilities of $395,891 and $439,520 were included in accounts payable and accrued expenses, and other noncurrent liabilities, respectively, at April 30, 2023. Operating lease liabilities of $355,183 and $374,570 were included in accounts payable and accrued expenses, and other noncurrent liabilities, respectively, at October 31, 2022. Operating lease expense recognized during the three months and six months ended April 30, 2023 totaled $109,144 and $212,477, respectively. Operating lease expense recognized during the three months and six months ended April 30, 2022 totaled $103,333 and $206,667, respectively. The weighted average remaining lease term was 26.2 months and the weighted average discount rate was 7.1% as of April 30, 2023. For the three months ended April 30, 2023 and 2022, cash paid for operating lease liabilities totaled $109,151 and $107,835, respectively. For the three months ended April 30, 2023 and 2022, there were no Finance lease right-of-use assets of $156,091 and $170,839 were included in other assets at April 30, 2023 and October 31, 2022, respectively. Finance lease liabilities of $36,581 and $112,404 were included in accounts payable and accrued expenses, and other noncurrent liabilities, respectively, at April 30, 2023. Finance lease liabilities of $35,724 and $130,911 were included in accounts payable and accrued expenses, and other noncurrent liabilities, respectively, at October 31, 2022. Interest expense related to the finance lease totaled $1,840 and $3,784, respectively, for the three months and six months ended April 30, 2023. Interest expense related to the finance lease totaled $2,251 and $4,601, respectively, for the three months and six months ended April 30, 2022. For the three months ended April 30, 2023 and 2022, amortization expense related to the finance lease totaled $7,374. For the six months ended April 30, 2023 and 2022, amortization expense related to the finance lease totaled $14,749. The remaining lease term for the finance lease is 40 months and the discount rate is 4.75% as of April 30, 2023. For the three months ended April 30, 2023, cash paid for the finance lease liability totaled $1,840 for interest and $8,878 for principal. For the six months ended April 30, 2023, cash paid for the finance lease liability totaled $3,784 for interest and $17,652 for principal. For the three months ended April 30, 2022, cash paid for the finance lease liability totaled $2,251 for interest and $8,466 for principal. For the six months ended April 30, 2022, cash paid for the finance lease liability totaled $4,601 for interest and $16,833 for principal. The Company’s future payments due under leases reconciled to the lease liabilities are as follows: Fiscal Year Operating leases Finance lease 2023 (1) $ 220,050 $ 21,434 2024 448,298 42,868 2025 177,997 42,868 2026 63,644 55,715 Total undiscounted lease payments 909,989 162,885 Present value discount (74,578 ) (13,900 ) Total lease liability $ 835,411 $ 148,985 (1)

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	(8) Fair Value Measurements The carrying amounts reported in the condensed consolidated balance sheets as of April 30, 2023 and October 31, 2022 for cash, restricted cash, trade accounts receivable, other receivables, current installments of long-term debt, accounts payable and accrued expenses, and accrued compensation and payroll taxes approximate fair value because of the short maturity of these instruments. The carrying values of the Company’s note payable, revolver – noncurrent, and long-term debt, excluding current installments, approximate fair value based on long-term debt issues available to the Company as of April 30, 2023 and October 31, 2022. Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Note 9 - Net Income (Loss) Per

Note 9 - Net Income (Loss) Per Share	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Net Income (Loss) Per Share Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company. The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented: Three months ended Six months ended April 30, April 30, 2023 2022 2023 2022 Net income (loss) (numerator) $ 2,423,087 $ (227,991 ) $ 3,233,071 $ (1,163,784 ) Shares (denominator) 7,867,755 7,487,337 7,880,685 7,464,862 Basic and diluted net income (loss) per share $ 0.31 $ (0.03 ) $ 0.41 $ (0.16 ) Weighted average unvested shares for the three months and six months ended April 30, 2022 totaling 373,751 and 403,114, respectively, while issued and outstanding, were not included in the computation of basic and diluted net loss per share for the three months and six months ended April 30, 2022 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for that period).

Note 10 - Segment Information a

Note 10 - Segment Information and Business and Credit Concentrations	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	(10) Segment Information and Business and Credit Concentrations The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not‑for‑profit organizations. Concentration of credit risk with respect to trade receivables is normally limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of April 30, 2023 have been adequately provided for in the condensed consolidated financial statements. The Company includes all entities under common ownership for the purpose of calculating business concentrations. For the three months and six months ended April 30, 2023, 17.7% and 16.3%, respectively, of consolidated net sales were attributable to one one The Company has a single reportable segment for purposes of segment reporting.

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	(11) Revenue Recognition Revenues consist of product sales that are recognized at a specific point in time under the core principle of recognizing revenue when control transfers to the customer. The Company considers customer purchase orders, governed by master sales agreements or the Company’s standard terms and conditions, to be the contract with the customer. For each contract, the promise to transfer the control of the products, each of which is individually distinct, is considered to be the identified performance obligation. The Company evaluates each customer’s credit risk when determining whether to accept a contract. In determining transaction prices, the Company evaluates whether fixed order prices are subject to adjustment to determine the net consideration to which the Company expects to be entitled. Contracts do not include financing components, as payment terms are generally due 30 to 90 days after shipment. Taxes assessed by governmental authorities and collected from the customer including, but not limited to, sales and use taxes and value-added taxes, are not included in the transaction price and are not included in net sales. The Company recognizes revenue at the point in time when products are shipped or delivered from its manufacturing facility to its customer, in accordance with the agreed upon shipping terms. Since the Company typically invoices the customer at the same time that performance obligations are satisfied, no contract assets are recognized. The Company’s contract liability represents advance consideration received from customers prior to transfer of the product. This liability was $59,660 as of April 30, 2023 and $317,310 as of October 31, 2022. Sales to certain customers are made pursuant to agreements that provide price adjustments and limited return rights with respect to the Company’s products. The Company maintains a reserve for estimated future price adjustment claims, rebates and returns as a refund liability. The Company’s refund liability was $208,034 as of April 30, 2023 and $233,494 as of October 31, 2022. The Company offers standard product warranty coverage which provides assurance that its products will conform to contractually agreed-upon specifications for a limited period from the date of shipment. Separately-priced warranty coverage is not offered. The warranty claim is generally limited to a credit equal to the purchase price or a promise to repair or replace the product for a specified period of time at no additional charge. The Company accounts for shipping and handling activities related to contracts with customers as a cost to fulfill its promise to transfer control of the related product. Shipping and handling costs are included in selling, general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations. The Company incurs sales commissions to acquire customer contracts that are directly attributable to the contracts. The commissions are expensed as selling expenses during the period that the related products are transferred to customers. Disaggregation of Revenue The following table presents net sales attributable to the United States and all other countries in total for the three months and six months ended April 30, 2023 and 2022: Three months ended Six months ended April 30, April 30, 2023 2022 2023 2022 United States $ 15,829,216 $ 14,792,289 $ 30,407,301 $ 26,936,668 Outside the United States 3,790,320 2,408,289 7,495,910 4,704,205 Total net sales $ 19,619,536 $ 17,200,578 $ 37,903,211 $ 31,640,873

Note 12 - Restricted Cash and G

Note 12 - Restricted Cash and Gain on Insurance Proceeds	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Unusual or Infrequent Items, or Both, Disclosure [Text Block]	(12) Restricted Cash and Gain on Insurance Proceeds Restricted Cash At the end of December 2022, an office building and its contents at the Company’s Asheville facilities sustained water damage resulting from a burst pipe in the sprinkler system. The office building is separate from the Company’s manufacturing building which houses its manufacturing operations and certain offices at the same location. The Company has insurance coverage for the office building, its contents and certain business expenses to cover damages and any losses incurred. As of April 30, 2023, the Company has restricted cash of $1,517,885, resulting from the receipt of a portion of the proceeds from the insurance claim for which offsetting expenses have not yet been incurred. The insurance proceeds recorded as restricted cash relate to the collateral for the Company’s real estate term loans with Northeast Bank and, as a result, are held in escrow. Cash may be released from escrow as the Company submits details of expenses incurred for restoration and repair of the related property to Northeast Bank. Any cash remaining in escrow after any restoration and repairs are completed, will be available for the benefit of the Company or to pay down the real estate term loans once Northeast Bank is satisfied that the collateral has been returned to an acceptable state. Cash may also be released from escrow in the event the Company pays off the real estate term loans with Northeast Bank. Gain on Insurance Proceeds During the second quarter of fiscal year 2023, the Company received insurance proceeds in connection with the office building and its contents at the Company’s Asheville facilities sustaining water damage from a burst pipe at the end of December 2022. The office building damaged is separate from the Company’s manufacturing building, which houses its manufacturing operations and certain offices at the same location. There was no significant impact to the Company’s operations as a result of this event. Insurance proceeds for all assets covered, net of applicable deductibles, received through April 30, 2023 totaled $2,056,008. During the first half of fiscal year 2023, the Company recorded a loss on property and equipment totaling $7,538 and incurred expenses for building stabilization and cleaning, removal of damaged items, and other miscellaneous and related activities totaling $359,718. Insurance proceeds received in excess of expenses incurred through April 30, 2023, a net total of $1,696,290, is included in other income (expense), net as a gain on insurance proceeds received for damage to property and equipment on the Company’s condensed consolidated statement of operations. To the extent the Company incurs expenses in future periods for renovation, repair or replacement or damaged assets, the Company may recognize offsetting losses in those future periods. The Company does not expect any future restoration and repair costs to exceed any insurance proceeds.

Note 13 - Contingencies

Note 13 - Contingencies	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(13) Contingencies From time to time, the Company is involved in various claims, legal actions and regulatory reviews arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations or liquidity.

Note 14 - New Accounting Standa

Note 14 - New Accounting Standards Not Yet Adopted	6 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	(14) New Accounting Standards Not Yet Adopted There are no new accounting standards issued, but not yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures.

Note 3 - Allowance for Doubtf_2

Note 3 - Allowance for Doubtful Accounts for Trade Accounts Receivable (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Summary of Changes in the Allowance for Doubtful Accounts for Trade Accounts Receivable [Table Text Block]	Six Months Ended April 30, 2023 2022 Balance at beginning of period $ 69,643 $ 61,527 Bad debt expense 14,959 18,038 Balance at end of period $ 84,602 $ 79,565

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	April 30, October 31, 2023 2022 Finished goods $ 5,581,554 $ 3,894,102 Work in process 5,249,317 4,054,789 Raw materials 11,876,802 11,093,140 Production supplies 392,291 396,735 Total $ 23,099,964 $ 19,438,766

Note 5 - Product Warranties (Ta

Note 5 - Product Warranties (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Six Months Ended April 30, 2023 2022 Balance at beginning of period $ 75,000 $ 75,000 Liabilities accrued for warranties issued during the period 59,149 80,092 Warranty claims and costs paid during the period (39,652 ) (33,535 ) Changes in liability for pre-existing warranties during the period (29,497 ) (56,557 ) Balance at end of period $ 65,000 $ 65,000

Note 6 - Long-term Debt and N_2

Note 6 - Long-term Debt and Notes Payable (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	April 30, October 31, 2023 2022 Virginia Real Estate Loan ($6.5 million original principal) payable in monthly installments of $31,812, including interest (at 3.95%), with final payment of $3,318,029 due May 1, 2024 $ 3,550,720 $ 3,669,294 North Carolina Real Estate Loan ($2.24 million original principal) payable in monthly installments of $10,963, including interest (at 3.95%), with final payment of $711,773 due May 1, 2024 810,286 859,308 Total long-term debt 4,361,006 4,528,602 Less current installments 344,451 338,094 Long-term debt, excluding current installments $ 4,016,555 $ 4,190,508

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Lessee, Lease Liability, Maturity [Table Text Block]	Fiscal Year Operating leases Finance lease 2023 (1) $ 220,050 $ 21,434 2024 448,298 42,868 2025 177,997 42,868 2026 63,644 55,715 Total undiscounted lease payments 909,989 162,885 Present value discount (74,578 ) (13,900 ) Total lease liability $ 835,411 $ 148,985

Note 9 - Net Income (Loss) Pe_2

Note 9 - Net Income (Loss) Per Share (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended Six months ended April 30, April 30, 2023 2022 2023 2022 Net income (loss) (numerator) $ 2,423,087 $ (227,991 ) $ 3,233,071 $ (1,163,784 ) Shares (denominator) 7,867,755 7,487,337 7,880,685 7,464,862 Basic and diluted net income (loss) per share $ 0.31 $ (0.03 ) $ 0.41 $ (0.16 )

Note 11 - Revenue Recognition (

Note 11 - Revenue Recognition (Tables)	6 Months Ended
	Apr. 30, 2023
Notes Tables
Revenue from External Customers by Geographic Areas [Table Text Block]	Three months ended Six months ended April 30, April 30, 2023 2022 2023 2022 United States $ 15,829,216 $ 14,792,289 $ 30,407,301 $ 26,936,668 Outside the United States 3,790,320 2,408,289 7,495,910 4,704,205 Total net sales $ 19,619,536 $ 17,200,578 $ 37,903,211 $ 31,640,873

Note 2 - Stock Incentive Plan_2

Note 2 - Stock Incentive Plans and Other Share-based Compensation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Restricted Stock [Member]
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			28,073
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year 2 months 12 days
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 730,000		$ 730,000
Plan 2017 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	384,000		384,000
Plan 2017 [Member] | Employees, Consultant and Non-employee Directors [Member]
Share-Based Payment Arrangement, Expense	$ 154,639	$ 113,212	$ 289,680	$ 237,651

Note 3 - Allowance for Doubtf_3

Note 3 - Allowance for Doubtful Accounts for Trade Accounts Receivable - Summary of Changes in the Allowance for Doubtful Accounts for Trade Accounts Receivable (Details) - USD ($)	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Balance at beginning of period	$ 69,643	$ 61,527
Bad debt expense	14,959	18,038
Balance at end of period	$ 84,602	$ 79,565

Note 4 - Inventories - Componen

Note 4 - Inventories - Components of Inventories (Details) - USD ($)	Apr. 30, 2023	Oct. 31, 2022
Finished goods	$ 5,581,554	$ 3,894,102
Work in process	5,249,317	4,054,789
Raw materials	11,876,802	11,093,140
Production supplies	392,291	396,735
Total	$ 23,099,964	$ 19,438,766

Note 5 - Product Warranties (De

Note 5 - Product Warranties (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022	Oct. 31, 2021
Standard and Extended Product Warranty Accrual	$ 65,000	$ 65,000	$ 65,000	$ 65,000	$ 75,000	$ 75,000
Product Warranty Expense	13,078	$ 15,641	29,652	$ 23,535
Accounts Payable and Accrued Liabilities [Member]
Standard and Extended Product Warranty Accrual	$ 65,000		$ 65,000		$ 75,000

Note 5 - Product Warranties - C

Note 5 - Product Warranties - Changes in Accrual for Product Warranties (Details) - USD ($)	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Balance at beginning of period	$ 75,000	$ 75,000
Liabilities accrued for warranties issued during the period	59,149	80,092
Warranty claims and costs paid during the period	(39,652)	(33,535)
Changes in liability for pre-existing warranties during the period	(29,497)	(56,557)
Balance at end of period	$ 65,000	$ 65,000

Note 6 - Long-term Debt and N_3

Note 6 - Long-term Debt and Notes Payable (Details Textual) - USD ($)		6 Months Ended
	Jul. 24, 2020	Apr. 30, 2023	Oct. 31, 2022
Pinnacle Financial Partners [Member] | Revolving Credit Facility [Member]
Long-Term Line of Credit, Total		$ 8,000,000	$ 6,000,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 5,000,000	$ 5,900,000
Pinnacle Financial Partners [Member] | Virginia Real Estate Loan and North Carolina Real Estate Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage		3.95%
North Mill Capital LLC [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Percent of Eligible Accounts		85%
Line of Credit Facility, Percent of Eligible Inventory		35%
Line of Credit Facility, Additional Capacity for Advances		$ 5,000,000
Line of Credit Facility, Restricted Capacity for Advances		1,150,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 18,000,000
Debt Instrument, Interest Rate, Effective Percentage	4.75%	9.50%
Debt Instrument, Term Extensions (Year)	1 year
North Mill Capital LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage		6%
North Mill Capital LLC [Member] | Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%

Note 6 - Long-term Debt and N_4

Note 6 - Long-term Debt and Notes Payable - Long-term Debt (Details) - USD ($)	Apr. 30, 2023	Oct. 31, 2022
Total long-term debt	$ 4,361,006	$ 4,528,602
Less current installments	344,451	338,094
Long-term debt, excluding current installments	4,016,555	4,190,508
Virginia Real Estate Loan [Member]
Total long-term debt	3,550,720	3,669,294
North Carolina Real Estate Loan [Member]
Total long-term debt	$ 810,286	$ 859,308

Note 6 - Long-term Debt and N_5

Note 6 - Long-term Debt and Notes Payable - Long-term Debt (Details) (Parentheticals) - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2023	Oct. 31, 2022
Virginia Real Estate Loan [Member]
Debt Instrument, Face Amount	$ 6,500,000	$ 6,500,000
Debt Instrument, Periodic Payment	$ 31,812	$ 31,812
Debt Instrument, Interest Rate, Stated Percentage	3.95%	3.95%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 3,318,029	$ 3,318,029
Debt Instrument, Maturity Date	May 01, 2024	May 01, 2024
North Carolina Real Estate Loan [Member]
Debt Instrument, Face Amount	$ 2,240,000	$ 2,240,000
Debt Instrument, Periodic Payment	$ 10,963	$ 10,963
Debt Instrument, Interest Rate, Stated Percentage	3.95%	3.95%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 711,773	$ 711,773
Debt Instrument, Maturity Date	May 01, 2024	May 01, 2024

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	3 Months Ended		6 Months Ended		15 Months Ended
	Apr. 30, 2023 USD ($) ft²	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) ft²	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) ft²	Oct. 31, 2022 USD ($)
Operating Lease, Expense	$ 109,144	$ 103,333	$ 212,477	$ 206,667
Operating Lease, Weighted Average Remaining Lease Term (Month)	26 months 6 days		26 months 6 days		26 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	7.10%		7.10%		7.10%
Operating Lease, Payments	$ 109,151	107,835
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	0	0
Finance Lease, Interest Expense	$ 1,840	2,251	$ 3,784	4,601
Finance Lease, Right-of-Use Asset, Amortization		14,749	$ 7,374	14,749	$ 7,374
Lessee, Finance Lease, Remaining Lease Term (Month)	40 months		40 months		40 months
Lessee, Finance Lease, Discount Rate	4.75%		4.75%		4.75%
Finance Lease, Principal Payments	$ 8,878	$ 8,466	$ 17,652	$ 16,833
Other Assets [Member]
Operating Lease, Right-of-Use Asset	779,031		779,031		$ 779,031	$ 662,328
Finance Lease, Right-of-Use Asset, after Accumulated Amortization, Total	156,091		156,091		156,091	170,839
Accounts Payable and Accrued Liabilities [Member]
Operating Lease, Liability, Current	395,891		395,891		395,891	355,183
Other Noncurrent Liabilities [Member]
Operating Lease, Liability, Noncurrent	439,520		439,520		439,520	374,570
Finance Lease, Liability, Noncurrent	112,404		112,404		112,404	130,911
Accounts Payable and Accrued Liabilities, Current [Member]
Finance Lease, Liability, Current	$ 36,581		$ 36,581		$ 36,581	$ 35,724
Operating Lease for Office, Manufacturing and Warehouse Space in Plano, Texas [Member]
Area of Real Estate Property (Square Foot) | ft²	34,000		34,000		34,000
Operating Lease for Warehouse Space in Roanoke, Virginia [Member]
Area of Real Estate Property (Square Foot) | ft²	36,000		36,000		36,000
Lessee, Operating Lease, Term of Contract	3 years		3 years		3 years
Operating Lease For Office Equipment [Member]
Lessee, Operating Lease, Term of Contract	60 months		60 months		60 months

Note 7 - Leases - Future Paymen

Note 7 - Leases - Future Payments Due (Details)	Apr. 30, 2023 USD ($)
2023, operating lease	$ 220,050	[1]
2023, finance lease	21,434	[1]
2024, operating lease	448,298
2024, finance lease	42,868
2025, operating lease	177,997
2025, finance lease	42,868
2026, operating lease	63,644
2026, finance lease	55,715
Total undiscounted lease payments, operating lease	909,989
Total undiscounted lease payments, finance lease	162,885
Present value discount, operating lease	(74,578)
Present value discount, finance lease	(13,900)
Total lease liability, operating lease	835,411
Total lease liability, finance lease	$ 148,985
[1]Remaining six months of fiscal year 2023.

Note 9 - Net Income (Loss) Pe_3

Note 9 - Net Income (Loss) Per Share (Details Textual) - shares	3 Months Ended	6 Months Ended
	Apr. 30, 2022	Apr. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	373,751	403,114

Note 9 - Net Income (Loss) Pe_4

Note 9 - Net Income (Loss) Per Share - Components of Reconciliation of Numerators and Denominators Net Loss Per Share (Details) - USD ($)	3 Months Ended				6 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2023	Apr. 30, 2022
Net income (loss)	$ 2,423,087	$ 809,984	$ (227,991)	$ (935,793)	$ 3,233,071	$ (1,163,784)
Shares (denominator) (in shares)	7,867,755		7,487,337		7,880,685	7,464,862
Net income (loss) per share: Basic and diluted (in dollars per share)	$ 0.31		$ (0.03)		$ 0.41	$ (0.16)

Note 10 - Segment Information_2

Note 10 - Segment Information and Business and Credit Concentrations (Details Textual) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Concentration Risk, Number of Customers	1	1	1
Customer One [Member]
Concentration Risk, Percentage	17.70%		16.30%
One Customer [Member]
Concentration Risk, Percentage		17%		17.10%

Note 11 - Revenue Recognition_2

Note 11 - Revenue Recognition (Details Textual) - USD ($)	Apr. 30, 2023	Oct. 31, 2022
Contract with Customer, Liability, Total	$ 59,660	$ 317,310
Contract with Customer, Refund Liability, Total	$ 208,034	$ 233,494

Note 11 - Revenue Recognition -

Note 11 - Revenue Recognition - Revenue Attributed to United States and All Other Countries (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Net sales	$ 19,619,536	$ 17,200,578	$ 37,903,211	$ 31,640,873
UNITED STATES
Net sales	15,829,216	14,792,289	30,407,301	26,936,668
Non-US [Member]
Net sales	$ 3,790,320	$ 2,408,289	$ 7,495,910	$ 4,704,205

Note 12 - Restricted Cash and_2

Note 12 - Restricted Cash and Gain on Insurance Proceeds (Details Textual) - USD ($)	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Restricted Cash	$ 1,517,885		$ 0
Proceeds from Insurance Settlement, Investing Activities	1,696,290	$ 0
Water Damage from Pipe Burst [Member]
Unusual or Infrequent Item, or Both, Net of Insurance Proceeds	2,056,008
Unusual or Infrequent Item, or Both, Gain, Gross	7,538
Unusual or Infrequent Item, or Both, Loss, Gross	$ 359,718