Crystal Rock (CRVP) 10-Q 14 Jun 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2017	Jun. 12, 2017
Document Information [Line Items]
Entity Registrant Name	Crystal Rock Holdings, Inc.
Entity Central Index Key	1,123,316
Trading Symbol	crvp
Current Fiscal Year End Date	--10-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		21,358,411
Document Type	10-Q
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 3,436,880	$ 5,553,815
Accounts receivable, trade - net of reserve of $372,115 and $268,711 for 2017 and 2016, respectively	7,284,608	8,022,952
Inventories	2,124,681	2,061,713
Other current assets	1,314,588	901,374
Unrealized gain on derivatives	401
TOTAL CURRENT ASSETS	14,161,158	16,539,854
PROPERTY AND EQUIPMENT - net	6,819,518	6,768,185
OTHER ASSETS:
Goodwill	12,156,790	12,156,790
Other intangible assets - net	1,153,222	1,493,694
Deferred tax asset	692,373	692,373
Other assets	244,473	278,633
TOTAL OTHER ASSETS	14,246,858	14,621,490
TOTAL ASSETS	35,227,534	37,929,529
CURRENT LIABILITIES:
Current portion of long term debt	1,599,996	1,599,996
Current portion of subordinated debt	4,500,000
Accounts payable	2,777,417	3,268,951
Accrued expenses	1,762,934	3,087,566
Current portion of customer deposits	652,375	647,460
Current portion of unrealized loss on derivatives		24,793
TOTAL CURRENT LIABILITIES	11,292,722	8,628,766
Long term debt, less current portion	7,333,345	8,133,343
Deferred tax liability	4,472,100	4,472,100
Subordinated debt	4,500,000	9,000,000
Customer deposits, less current portion	2,552,987	2,529,300
Long term portion of unrealized loss on derivatives		7,660
TOTAL LIABILITIES	30,151,154	32,771,169
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock - $.001 par value, 50,000,000 authorized shares, 21,960,229 issued and 21,358,411 outstanding shares as of April 30, 2017 and October 31, 2016	21,960	21,960
Additional paid in capital	58,464,742	58,464,742
Treasury stock, at cost, 601,818 shares as of April 30, 2017 and October 31, 2016	(900,360)	(900,360)
Accumulated deficit	(52,510,202)	(52,408,509)
Accumulated other comprehensive income (loss)	240	(19,473)
TOTAL STOCKHOLDERS' EQUITY	5,076,380	5,158,360
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 35,227,534	$ 37,929,529

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Allowance for doubtful accounts	$ 372,115	$ 268,711
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	21,960,229	21,960,229
Common stock, outstanding (in shares)	21,358,411	21,358,411
Treasury stock, shares (in shares)	601,818	601,818

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
NET SALES	$ 14,475,351	$ 16,710,816	$ 29,125,497	$ 32,842,376
COST OF GOODS SOLD	6,806,292	8,481,945	13,762,704	17,024,062
GROSS PROFIT	7,669,059	8,228,871	15,362,793	15,818,314
OPERATING EXPENSES:
Selling, general and administrative expenses	7,098,955	7,150,233	14,270,759	14,099,096
Advertising expenses	98,647	115,492	218,086	251,461
Amortization	170,135	170,789	340,472	330,061
Gain on disposal of property and equipment		(820)		(4,120)
TOTAL OPERATING EXPENSES	7,367,737	7,435,694	14,829,317	14,676,498
INCOME FROM OPERATIONS	301,322	793,177	533,476	1,141,816
OTHER EXPENSE:
Interest expense - net	344,304	406,108	694,894	803,553
INCOME (LOSS) BEFORE INCOME TAXES	(42,982)	387,069	(161,418)	338,263
INCOME TAX EXPENSE (BENEFIT)	(15,903)	147,818	(59,725)	128,540
NET INCOME (LOSS)	$ (27,079)	$ 239,251	$ (101,693)	$ 209,723
Basic Income (Loss) Per Share (in dollars per share)	$ 0	$ 0.01	$ 0	$ 0.01
Diluted Income (Loss) Per Share (in dollars per share)	$ 0	$ 0.01	$ 0	$ 0.01
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - BASIC (in shares)	21,358,411	21,358,411	21,358,411	21,358,411
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - DILUTED (in shares)	21,358,411	21,358,411	21,358,411	21,358,411

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Net Income (Loss)	$ (27,079)	$ 239,251	$ (101,693)	$ 209,723
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Unrealized gain (loss) on derivatives designated as cash flow hedges	6,431	2,510	19,713	(25,216)
Other Comprehensive Income (Loss), net of tax	6,431	2,510	19,713	(25,216)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (20,648)	$ 241,761	$ (81,980)	$ 184,507

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ (101,693)	$ 209,723
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	1,332,092	1,379,445
Provision for bad debts on accounts receivable	407,153	115,926
Amortization	340,472	330,061
Non cash interest expense on subordinated debt		562,034
Gain on disposal of property and equipment		(4,120)
Non cash share-based compensation		(1,580)
Changes in operating assets and liabilities:
Accounts receivable	331,191	275,630
Inventories	(62,968)	261,479
Other current assets	(426,355)	44,135
Other assets	34,160
Accounts payable	(491,534)	(305,151)
Accrued expenses	(1,324,632)	(150,101)
Customer deposits	28,602	(36,026)
NET CASH PROVIDED BY OPERATING ACTIVITIES	66,488	2,681,455
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,383,425)	(854,396)
Proceeds from sale of property and equipment		16,116
NET CASH USED BY INVESTING ACTIVITIES	(1,383,425)	(838,280)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on long term debt	(799,998)	(799,998)
NET CASH USED BY FINANCING ACTIVITIES	(799,998)	(799,998)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2,116,935)	1,043,177
CASH AND CASH EQUIVALENTS - beginning of period	5,553,815	3,091,471
CASH AND CASH EQUIVALENTS - end of period	3,436,880	4,134,648
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	722,962	225,720
Cash paid for income taxes	$ 564,550	$ 279,750

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with Form 10 10 October 31, 2016. Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10 October 31, 2016. not The financial statements herewith reflect the consolidated operations and financial condition of Crystal Rock Holdings, Inc. and its wholly owned subsidiary Crystal Rock LLC.

Note 2 - Goodwill and Other Int

Note 2 - Goodwill and Other Intangible Assets	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	2. GOODWILL AND OTHER INTANGIBLE ASSETS Major components of intangible assets consisted of: April 30, 2017 October 31, 2016 Gross Carrying Amount Accumulated Wgt. Avg. Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,476,822 1.50 $ 2,536,488 $ 2,444,293 1.80 Customer Lists 10,313,819 9,508,905 1.58 10,313,819 9,217,143 2.02 Other Identifiable Intangibles 608,393 319,751 22.56 608,393 303,570 23.04 Total $ 13,458,700 $ 12,305,478 $ 13,458,700 $ 11,965,006 Amortization expense for the three April 30, 2017 2016 $170,135 $170,789, six April 30, 2017 2016 $340,472 $330,061, no three six April 30, 2017.

Note 3 - Debt

Note 3 - Debt	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	3. DEBT On May 20, 2015 $12,000,000 $5,000,000 The Agreement amortizes the term debt over a five 59 $133,333 $4,133,333 May 2020. May 2018. At April 30, 2017, no $1,327,000 April 30, 2017, $3,673,000 $8,933,000 April 30, 2017. Effective September 12, 2016, one April 30, 2017, 2.50% 2.25% April 30, 2017, $4,466,000 one 0.99% April 30, 2017 3.49% 3.24%, April 30, 2017. The Second Amendment requires the Company to be in compliance with certain financial covenants as follows: (i) a maximum annual limit for capital expenditures of $4,000,000 no 1.5 1 October 31, 2016 no 2.5 1 October 31, 2016. April 30, 2017, In addition to the senior debt, as of April 30, 2017, $9,000,000 November 20, 2020. $4,500,000 April 30, 2017 12% The notes are secured by all of the assets of the Company but specifically subordinated, with a separate agreement between the debt holders, to the senior financing facility described above. On June 13, 2017, $5,000,000 $6,000,000 11,

Note 4 - Inventories

Note 4 - Inventories	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. INVENTORIES Inventories consisted of the following at: April 30, October 31, 2017 2016 Finished Goods $ 1,992,894 $ 2,117,241 Raw Materials 131,787 178,134 Inventory reserve - (233,662 ) Total Inventories $ 2,124,681 $ 2,061,713 Finished goods inventory consists of products that the Company sells such as, but not not April 30, 2017 October 31, 2016 $44,000 $47,000,

Note 5 - On-balance Sheet Deriv

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Derivative Financial Instruments The Company has stand-alone derivative financial instruments in the form of interest rate swap agreements, which derive their value from underlying interest rates. These transactions involve both credit and market risk. The notional amount is an amount on which calculations, payments, and the value of the derivative are based. The notional amount does not The Company is also exposed to credit-related losses in the event of nonperformance by the counterparties to these agreements. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and currently has no This interest rate swap agreement is considered a cash flow hedge to hedge against the variability of interest rates on outstanding debt. The net unrealized gain (loss) relating to interest rate swaps was recorded in current and long term assets or liabilities with an offset to other comprehensive income (loss) for the effective portion of the hedge, net of tax. At April 30, 2017, 100% twelve The following information pertains to the Company's outstanding interest rate swap at April 30, 2017. one May 18, 2018. Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $4,466,668 1.25% 0.99% The table below details the adjustments to other comprehensive income (loss), on a before tax and net-of tax basis, for the fiscal quarters ended April 30, 2017 2016. Before-Tax Tax Benefit Net-of-Tax Three Months Ended April 30, 2016 Loss on interest rate swap $ (3,899 ) $ 1,560 $ (2,339 ) Reclassification adjustment for loss in income 8,082 (3,233 ) 4,849 Net unrealized gain $ 4,183 $ (1,673 ) $ 2,510 Three Months Ended April 30, 2017 Gain on interest rate swap $ 6,533 $ (2,614 ) $ 3,919 Reclassification adjustment for loss in income 4,186 (1,674 ) 2,512 Net unrealized gain $ 10,719 $ (4,288 ) $ 6,431 The reclassification adjustments of $4,186 $8,082 April 30, 2017 2016, No April 30, 2017 2016.The six April 30, 2017 2016. Before-Tax Tax Benefit Net-of-Tax Six Months Ended April 30, 2016 Loss on interest rate swap $ (54,942 ) $ 21,977 $ (32,965 ) Reclassification adjustment for loss in income 12,915 (5,166 ) 7,749 Net unrealized loss $ (42,027 ) $ 16,811 $ (25,216 ) Six Months Ended April 30, 2017 Gain on interest rate swap $ 21,654 $ (8,662 ) $ 12,992 Reclassification adjustment for loss in income 11,200 (4,479 ) 6,721 Net unrealized gain $ 32,854 $ (13,141 ) $ 19,713 The reclassification adjustments of $11,200 $12,915 six April 30, 2017 2016, No six April 30, 2017 2016.

Note 6 - Fair Values of Assets

Note 6 - Fair Values of Assets and Liabilities	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6. FAIR VALUES OF ASSETS AND LIABILITIES Fair Value Hierarchy The Company’s assets and liabilities measured at fair value on a recurring basis are as follows: Level 1 Level 2 Level 3 Assets (Liabilities): April 30, 2017 Unrealized gain on derivatives $ - $ 401 $ - October 31, 2016 Unrealized loss on derivatives $ - $ (32,453 ) $ - In determining the fair value, the Company uses a model that calculates a present value of the payments as they amortize through the life of the loan (float) based on the variable rate and compares them to the calculated value of the payment based on the fixed rate (fixed) defined in the swap. In calculating the present value, in addition to the term, the model relies on other data – the “rate” and the “discount factor.” § In the “float” model, the rate reflects where the market expects LIBOR to be for the respective period and is based on the Eurodollar futures market. § The discount factor is a function of the volatility of LIBOR. Payments are calculated by applying the rate to the notional amount and adjusting for the term. Then the present value is calculated by using the discount factor. There were no

Note 7 - Income (Loss) Per Shar

Note 7 - Income (Loss) Per Share and Weighted Average Shares	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES The Company considers outstanding in-the-money stock options as potential common stock in its calculation of diluted earnings per share, unless the effect would be anti-dilutive, and uses the treasury stock method to calculate the applicable number of shares. The following calculation provides the reconciliation of the denominators used in the calculation of basic and fully diluted earnings per share: Three Months Ended Six Months Ended 2017 2016 2017 2016 Net Income (Loss) $ (27,079 ) $ 239,251 $ (101,693 ) $ 209,723 Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 21,358,411 21,358,411 Dilutive effect of Stock Options - - - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 21,358,411 21,358,411 Basic Income (Loss) Per Share $ (.00 ) $ .01 $ (.00 ) $ .01 Diluted Income (Loss) Per Share $ (.00 ) $ .01 $ (.00 ) $ .01 As of April 30, 2017 2016 no

Note 8 - Compensation Plans

Note 8 - Compensation Plans	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	8. COMPENSATION PLANS The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. That cost is recognized over the period during which an employee is required to provide services in exchange for the award, the requisite service period (usually the vesting period). The Company provides an estimate of forfeitures at the initial date of grant. In April 2014, 2014 500,000 no 500,000 April 30, 2017. Options issued under the plan generally vest in periods up to five 10 one There was one 10,000 first six 2016. no three six April 30, 2017 2016. Compensation is determined using the Black-Scholes model and the simplified method to derive the expected term of the options and historical volatility over the past five

Note 9 - Recent Accounting Pron

Note 9 - Recent Accounting Pronouncements	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	9. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, No. 2014 09, 606 1 2 3 4 5 August 2015, 2015 14, December 15, 2017, December 15, 2016. may In July 2015, 2015 11, first first December 15, 2016 not In February 2016, 2016 02, December 15, 2018 In January 2017, 2017 04, 350 December 15, 2019. January 1, 2017. In May 2017, 2017 09, 718 718. December 15, 2017. not

Note 10 - Accounts Receivable

Note 10 - Accounts Receivable	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	10. ACCOUNTS RECEIVABLE Trade Accounts Receivable - Uncollectible individual accounts receivable are written off when deemed uncollectible, with any future recoveries recorded as income when received. For more details regarding the Company’s accounts receivable polices refer to Note 2, 10 October 31, 2016.

Note 11 - Subsequent Event

Note 11 - Subsequent Event	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	11. SUBSEQUENT EVENT Effective June 13, 2017, $5,000,000 $6,000,000. not $2,000,000. $4,500,000 June 13, 2017, $4,500,000

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	In May 2014, No. 2014 09, 606 1 2 3 4 5 August 2015, 2015 14, December 15, 2017, December 15, 2016. may In July 2015, 2015 11, first first December 15, 2016 not In February 2016, 2016 02, December 15, 2018 In January 2017, 2017 04, 350 December 15, 2019. January 1, 2017. In May 2017, 2017 09, 718 718. December 15, 2017. not

Note 2 - Goodwill and Other I19

Note 2 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	April 30, 2017 October 31, 2016 Gross Carrying Amount Accumulated Wgt. Avg. Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,476,822 1.50 $ 2,536,488 $ 2,444,293 1.80 Customer Lists 10,313,819 9,508,905 1.58 10,313,819 9,217,143 2.02 Other Identifiable Intangibles 608,393 319,751 22.56 608,393 303,570 23.04 Total $ 13,458,700 $ 12,305,478 $ 13,458,700 $ 11,965,006

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	April 30, October 31, 2017 2016 Finished Goods $ 1,992,894 $ 2,117,241 Raw Materials 131,787 178,134 Inventory reserve - (233,662 ) Total Inventories $ 2,124,681 $ 2,061,713

Note 5 - On-balance Sheet Der21

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $4,466,668 1.25% 0.99%
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Before-Tax Tax Benefit Net-of-Tax Three Months Ended April 30, 2016 Loss on interest rate swap $ (3,899 ) $ 1,560 $ (2,339 ) Reclassification adjustment for loss in income 8,082 (3,233 ) 4,849 Net unrealized gain $ 4,183 $ (1,673 ) $ 2,510 Three Months Ended April 30, 2017 Gain on interest rate swap $ 6,533 $ (2,614 ) $ 3,919 Reclassification adjustment for loss in income 4,186 (1,674 ) 2,512 Net unrealized gain $ 10,719 $ (4,288 ) $ 6,431 Before-Tax Tax Benefit Net-of-Tax Six Months Ended April 30, 2016 Loss on interest rate swap $ (54,942 ) $ 21,977 $ (32,965 ) Reclassification adjustment for loss in income 12,915 (5,166 ) 7,749 Net unrealized loss $ (42,027 ) $ 16,811 $ (25,216 ) Six Months Ended April 30, 2017 Gain on interest rate swap $ 21,654 $ (8,662 ) $ 12,992 Reclassification adjustment for loss in income 11,200 (4,479 ) 6,721 Net unrealized gain $ 32,854 $ (13,141 ) $ 19,713

Note 6 - Fair Values of Asset22

Note 6 - Fair Values of Assets and Liabilities (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	Level 1 Level 2 Level 3 Assets (Liabilities): April 30, 2017 Unrealized gain on derivatives $ - $ 401 $ - October 31, 2016 Unrealized loss on derivatives $ - $ (32,453 ) $ -

Note 7 - Income (Loss) Per Sh23

Note 7 - Income (Loss) Per Share and Weighted Average Shares (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended 2017 2016 2017 2016 Net Income (Loss) $ (27,079 ) $ 239,251 $ (101,693 ) $ 209,723 Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 21,358,411 21,358,411 Dilutive effect of Stock Options - - - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 21,358,411 21,358,411 Basic Income (Loss) Per Share $ (.00 ) $ .01 $ (.00 ) $ .01 Diluted Income (Loss) Per Share $ (.00 ) $ .01 $ (.00 ) $ .01

Note 2 - Goodwill and Other I24

Note 2 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Impairment of Intangible Assets (Excluding Goodwill)	$ 170,135	$ 170,789	$ 340,472	$ 330,061
Goodwill, Impairment Loss	$ 0		$ 0

Note 2 - Goodwill and Other I25

Note 2 - Goodwill and Other Intangible Assets - Amortization of Finite-lived Intangible Assets (Details) - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2017	Oct. 31, 2016
Gross Carrying Amount	$ 13,458,700	$ 13,458,700
Accumulated Amortization	12,305,478	11,965,006
Noncompete Agreements [Member]
Gross Carrying Amount	2,536,488	2,536,488
Accumulated Amortization	$ 2,476,822	$ 2,444,293
Weighted Average Amortized Years (Year)	1 year 182 days	1 year 292 days
Customer Lists [Member]
Gross Carrying Amount	$ 10,313,819	$ 10,313,819
Accumulated Amortization	$ 9,508,905	$ 9,217,143
Weighted Average Amortized Years (Year)	1 year 211 days	2 years 7 days
Other Intangible Assets [Member]
Gross Carrying Amount	$ 608,393	$ 608,393
Accumulated Amortization	$ 319,751	$ 303,570
Weighted Average Amortized Years (Year)	22 years 204 days	23 years 14 days

Note 3 - Debt (Details Textual)

Note 3 - Debt (Details Textual)	Apr. 30, 2017USD ($)	May 20, 2015USD ($)	Jun. 13, 2017USD ($)	Oct. 31, 2016USD ($)	Sep. 12, 2016USD ($)
Subordinated Debt	$ 9,000,000
Subordinated Debt, Current	4,500,000
Letters of Credit Outstanding, Amount	$ 1,327,000
Subordinated Debt [Member]
Debt Instrument, Interest Rate, Stated Percentage	12.00%
Bank of America [Member]
Debt Instrument, Covenant, Maximum Senior Funded Debt to Consolidated Adjusted EBITDA					2.5
Debt Instrument, Covenant, Maximium Annual Limit for Capital Expenditures					$ 4,000,000
Debt Instrument, Covenant, Minimum Consolidated Adjusted Operating Cash Flows to Consolidated Total Debt Ratio					1.5
Bank of America [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.99%
Bank of America [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000	$ 5,000,000
Line of Credit Facility, Current Borrowing Capacity	$ 3,673,000
Debt Instrument, Interest Rate, Effective Percentage	3.24%
Bank of America [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 6,000,000
Bank of America [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Bank of America [Member] | Term Note [Member]
Debt Instrument, Term		5 years
Debt Instrument, Number of Equal Monthly Installments		59
Debt Instrument, Monthly Installment, Amount		$ 133,333
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		4,133,333
Long-term Line of Credit	$ 0
Long-term Debt	$ 8,933,000	$ 12,000,000
Debt Instrument, Interest Rate, Effective Percentage	3.49%
Bank of America [Member] | Term Note [Member] | London Interbank Offered Rate (LIBOR) [Member]
Long-term Debt	$ 4,466,000
Debt Instrument, Basis Spread on Variable Rate	2.50%

Note 4 - Inventories (Details T

Note 4 - Inventories (Details Textual) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Raw and Bottled Water [Member]
Estimated Value of Inventory	$ 44,000	$ 47,000

Note 4 - Inventories - Summary

Note 4 - Inventories - Summary of Inventories (Details) - USD ($)	Apr. 30, 2017	Oct. 31, 2016
Finished Goods	$ 1,992,894	$ 2,117,241
Raw Materials	131,787	178,134
Inventory reserve		(233,662)
Total Inventories	$ 2,124,681	$ 2,061,713

Note 5 - On-balance Sheet Der29

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (4,186)	$ (8,082)	$ (11,200)	$ (12,915)

Note 5 - On-balance Sheet Der30

Note 5 - On-balance Sheet Derivative Instrument and Hedging Activities - Outstanding Interest Rate Swap (Details) - Interest Rate Swap [Member]	Apr. 30, 2017USD ($)
Notional amount	$ 4,466,668
Pay rate	1.25%
London Interbank Offered Rate (LIBOR) [Member]
Receive rate	0.99%

Note 5 - On-balance Sheet Der31

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities - Adjustments to Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Gains (loss) on interest rate swap, net of tax	$ 3,919	$ (2,339)	$ 12,992	$ (32,965)
Reclassification adjustment for loss in income, before tax	4,186	8,082	11,200	12,915
Reclassification adjustment for loss in income, tax	(1,674)	(3,233)	(4,479)	(5,166)
Reclassification adjustment for loss in income, net of tax	2,512	4,849	6,721	7,749
Net unrealized gain (loss), before tax	10,719	4,183	32,854	(42,027)
Net unrealized gain (loss), tax	(4,288)	(1,673)	(13,141)	16,811
Net unrealized gain (loss), net of tax	6,431	2,510	19,713	(25,216)
Gains (loss) on interest rate swap, before tax	6,533	(3,899)	21,654	(54,942)
Gains (loss) on interest rate swap, tax	$ (2,614)	$ 1,560	$ (8,662)	$ 21,977

Note 6 - Fair Values of Asset32

Note 6 - Fair Values of Assets and Liabilities (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2017	Apr. 30, 2016
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring	$ 0	$ 0

Note 6 - Fair Values of Asset33

Note 6 - Fair Values of Assets and Liabilities - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Fair Value, Inputs, Level 1 [Member]
Unrealized gain on derivatives
Fair Value, Inputs, Level 2 [Member]
Unrealized gain on derivatives	(32,453)	401
Fair Value, Inputs, Level 3 [Member]
Unrealized gain on derivatives

Note 7 - Income (Loss) Per Sh34

Note 7 - Income (Loss) Per Share and Weighted Average Shares (Details Textual) - shares shares in Thousands	Apr. 30, 2017	Apr. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	0

Note 7 - Income (Loss) Per Sh35

Note 7 - Income (Loss) Per Share and Weighted Average Shares - Calculation of Income (Loss) Per Share Diluted (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Net Income (Loss)	$ (27,079)	$ 239,251	$ (101,693)	$ 209,723
Denominator:
Basic Weighted Average Shares Outstanding (in shares)	21,358,411	21,358,411	21,358,411	21,358,411
Dilutive effect of Stock Options (in shares)
Diluted Weighted Average Shares Outstanding (in shares)	21,358,411	21,358,411	21,358,411	21,358,411
Basic Income (Loss) Per Share (in dollars per share)	$ 0	$ 0.01	$ 0	$ 0.01
Diluted Income (Loss) Per Share (in dollars per share)	$ 0	$ 0.01	$ 0	$ 0.01

Note 8 - Compensation Plans (De

Note 8 - Compensation Plans (Details Textual) - The 2014 Stock Incentive Plan [Member] - shares	6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		10,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	500,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	10,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease)	0	0
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years

Note 11 - Subsequent Event (Det

Note 11 - Subsequent Event (Details Textual) - USD ($)	Jun. 13, 2017	Apr. 30, 2017	May 20, 2015
Subsequent Event [Member]
Repayments of Subordinated Debt	$ 4,500,000
Bank of America [Member] | Subsequent Event [Member]
Debt Instrument, Maximum Amount Allowed to Use from Revolving Line of Credit to Pay Subordinated Debt	2,000,000
Debt Instrument, Maximum Amount Allowed to Prepay in Subordinated Debt	4,500,000
Bank of America [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000,000	$ 5,000,000
Bank of America [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 6,000,000