Crystal Rock (CRVP) 10-Q 14 Sep 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 31, 2017	Sep. 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	Jul. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jul. 31, 2017	Oct. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 497,332	$ 5,553,815
Accounts receivable, trade - net of reserve of $445,648 and $268,711 for 2017 and 2016, respectively	6,993,451	8,022,952
Inventories	2,391,779	2,061,713
Other current assets	1,332,447	901,374
Unrealized gain on derivatives	2,055
TOTAL CURRENT ASSETS	11,217,064	16,539,854
PROPERTY AND EQUIPMENT - net	6,809,932	6,768,185
OTHER ASSETS:
Goodwill	12,156,790	12,156,790
Other intangible assets - net	983,086	1,493,694
Deferred tax asset	692,373	692,373
Other assets	106,926	278,633
TOTAL OTHER ASSETS	13,939,175	14,621,490
TOTAL ASSETS	31,966,171	37,929,529
CURRENT LIABILITIES:
Line of credit	2,000,000
Current portion of long term debt	1,599,996	1,599,996
Accounts payable	1,822,315	3,268,951
Accrued expenses	1,996,823	3,087,566
Current portion of customer deposits	680,801	647,460
Current portion of unrealized loss on derivatives		24,793
TOTAL CURRENT LIABILITIES	8,099,935	8,628,766
Long term debt, less current portion	6,933,346	8,133,343
Deferred tax liability	4,472,100	4,472,100
Subordinated debt	4,500,000	9,000,000
Other liability	43,670
Customer deposits, less current portion	2,668,733	2,529,300
Long term portion of unrealized loss on derivatives		7,660
TOTAL LIABILITIES	26,717,784	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 July 31, 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 July 31, 2017 and October 31, 2016	(900,360)	(900,360)
Accumulated deficit	(52,339,187)	(52,408,509)
Accumulated other comprehensive income (loss)	1,232	(19,473)
TOTAL STOCKHOLDERS' EQUITY	5,248,387	5,158,360
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 31,966,171	$ 37,929,529

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jul. 31, 2017	Oct. 31, 2016
Accounts receivable, trade, reserve	$ 445,648	$ 268,711
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	21,960,229	21,960,229
Common stock, shares outstanding (in shares)	21,358,411	21,358,411
Treasury stock, at cost, shares (in shares)	601,818	601,818

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
NET SALES	$ 14,943,972	$ 16,394,476	$ 44,069,469	$ 49,236,852
COST OF GOODS SOLD	6,819,101	7,560,207	20,581,805	24,584,269
GROSS PROFIT	8,124,871	8,834,269	23,487,664	24,652,583
OPERATING EXPENSES:
Selling, general and administrative expenses	7,265,379	6,933,393	21,536,138	21,032,489
Advertising expenses	126,506	137,247	344,592	388,708
Amortization	170,136	170,739	510,608	500,800
Gain on disposal of property and equipment	(600)		(600)	(4,120)
TOTAL OPERATING EXPENSES	7,561,421	7,241,379	22,390,738	21,917,877
INCOME FROM OPERATIONS	563,450	1,592,890	1,096,926	2,734,706
OTHER EXPENSE:
Interest expense - net	291,997	416,895	986,891	1,220,448
INCOME BEFORE INCOME TAXES	271,453	1,175,995	110,035	1,514,258
INCOME TAX EXPENSE	100,438	446,878	40,713	575,418
NET INCOME	$ 171,015	$ 729,117	$ 69,322	$ 938,840
NET INCOME PER SHARE - BASIC (in dollars per share)	$ 0.01	$ 0.03	$ 0	$ 0.04
NET INCOME PER SHARE - DILUTED (in dollars per share)	$ 0.01	$ 0.03	$ 0	$ 0.04
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		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
NET INCOME	$ 171,015	$ 729,117	$ 69,322	$ 938,840
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Unrealized gain (loss) on derivatives designated as cash flow hedges	992	692	20,705	(24,524)
Other Comprehensive Income (Loss), net of tax	992	692	20,705	(24,524)
TOTAL COMPREHENSIVE INCOME	$ 172,007	$ 729,809	$ 90,027	$ 914,316

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 69,322	$ 938,840
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,893,091	1,985,337
Provision for bad debts on accounts receivable	527,539	193,302
Amortization	510,608	500,800
Non cash interest expense on subordinated debt		854,982
Gain on disposal of property and equipment	(600)	(4,120)
Non cash share-based compensation		(1,580)
Changes in operating assets and liabilities:
Accounts receivable	501,962	98,808
Inventories	(330,066)	109,568
Other current assets	(444,876)	68,500
Other assets	171,707
Accounts payable	(1,446,636)	(433,601)
Accrued expenses	(1,047,073)	672,034
Customer deposits	172,774	105,339
NET CASH PROVIDED BY OPERATING ACTIVITIES	577,752	5,088,209
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,934,838)	(1,611,526)
Proceeds from sale of property and equipment	600	16,116
NET CASH USED BY INVESTING ACTIVITIES	(1,934,238)	(1,595,410)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net line of credit borrowings	2,000,000
Principal payments on long term debt	(5,699,997)	(1,199,997)
NET CASH USED BY FINANCING ACTIVITIES	(3,699,997)	(1,199,997)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(5,056,483)	2,292,802
CASH AND CASH EQUIVALENTS - beginning of period	5,553,815	3,091,471
CASH AND CASH EQUIVALENTS - end of period	497,332	5,384,273
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	1,145,662	339,933
Cash paid (refunds received) for income taxes, net	$ 566,050	$ (54,068)

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Jul. 31, 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	9 Months Ended
	Jul. 31, 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: July 31, 2017 October 31, 2016 Gross Carrying Accumulated Wgt. Gross Carrying Accumulated Wgt. Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,493,087 1.47 $ 2,536,488 $ 2,444,293 1.80 Customer Lists 10,313,819 9,654,686 1.37 10,313,819 9,217,143 2.02 Other Identifiable Intangibles 608,393 327,841 22.32 608,393 303,570 23.04 Total $ 13,458,700 $ 12,475,614 $ 13,458,700 $ 11,965,006 Amortization expense for the three July 31, 2017 2016 $170,136 $170,739, nine July 31, 2017 2016 $510,608 $500,800, no three nine July 31, 2017.

Note 3 - Debt

Note 3 - Debt	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	3. DEBT On May 20, 2015 $12,000,000 $5,000,000 Effective September 12, 2016, one July 31, 2017, 2.50% 2.25% July 31, 2017, $4,266,000 one 1.22% July 31, 2017 3.72% 3.47%, July 31, 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. July 31, 2017, On June 13, 2017, $5,000,000 $6,000,000. not $2,000,000. $4,500,000 no $4,500,000 The Agreement amortizes the term debt over a five 59 $133,333 $4,133,333 May 2020. May 2018. At July 31, 2017, $2,000,000 $1,327,000 July 31, 2017, $2,673,000 $8,533,000 July 31, 2017. In addition to the senior debt, as of July 31, 2017, $4,500,000 November 20, 2020. 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.

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. INVENTORIES Inventories consisted of the following at: July 31, October 31, Finished Goods $ 2,254,596 $ 2,117,241 Raw Materials 167,183 178,134 Inventory reserve (30,000 ) (233,662 ) Total Inventories $ 2,391,779 $ 2,061,713 Finished goods inventory consists of products that the Company sells such as, but not not

Note 5 - On-balance Sheet Deriv

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities	9 Months Ended
	Jul. 31, 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 July 31, 2017, 100% twelve The following information pertains to the Company's outstanding interest rate swap at July 31, 2017. one May 18, 2018. Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $4,266,668 1.25% 1.22% 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 July 31, 2017 2016. Before-Tax Tax Benefit Net-of-Tax Three Months Ended July 31, 2016 Loss on interest rate swap $ (9,519 ) $ 3,807 $ (5,712 ) Reclassification adjustment for loss in income 10,673 (4,269 ) 6,404 Net unrealized gain $ 1,154 $ (462 ) $ 692 Three Months Ended July 31, 2017 Gain on interest rate swap $ 185 $ (74 ) $ 111 Reclassification adjustment for loss in income 1,469 (588 ) 881 Net unrealized gain $ 1,654 $ (662 ) $ 992 The reclassification adjustments of $1,469 $10,673 July 31, 2017 2016, No July 31, 2017 2016. nine July 31, 2017 2016. Before-Tax Tax Benefit (Expense) Net-of-Tax Nine Months Ended July 31, 2016 Loss on interest rate swap $ (64,461 ) $ 25,784 $ (38,677 ) Reclassification adjustment for loss in income 23,588 (9,435 ) 14,153 Net unrealized loss $ (40,873 ) $ 16,349 $ (24,524 ) Nine Months Ended July 31, 2017 Gain on interest rate swap $ 21,839 $ (8,736 ) $ 13,103 Reclassification adjustment for loss in income 12,669 (5,067 ) 7,602 Net unrealized gain $ 34,508 $ (13,803 ) $ 20,705 The reclassification adjustments of $12,669 $23,588 nine July 31, 2017 2016, No nine July 31, 2017 2016.

Note 6 - Fair Values of Assets

Note 6 - Fair Values of Assets and Liabilities	9 Months Ended
	Jul. 31, 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): July 31, 2017 Unrealized gain on derivatives $ - $ 2,055 $ - 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 - Compensation Plans

Note 7 - Compensation Plans	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	7. 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 July 31, 2017. Options issued under the plan generally vest in periods up to five 10 one There was one 10,000 first nine 2016 2004 “2004 February 18, 2014, no may 2004 no three nine July 31, 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 8 - Recent Accounting Pron

Note 8 - Recent Accounting Pronouncements	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	8. 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 first 2018 not 2014 09 In July 2015, 2015 11, first first December 15, 2016 first 2018. not In February 2016, 2016 02, December 15, 2018 In January 2017, 2017 04, 350 December 15, 2019. January 1, 2017. fourth not In May 2017, 2017 09, 718 718. December 15, 2017. first 2018. not In August 2017, 2017 12, 815 November 1, 2019,

Note 9 - Accounts Receivable

Note 9 - Accounts Receivable	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	9. 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 policies refer to Note 2, 10 October 31, 2016.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 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 first 2018 not 2014 09 In July 2015, 2015 11, first first December 15, 2016 first 2018. not In February 2016, 2016 02, December 15, 2018 In January 2017, 2017 04, 350 December 15, 2019. January 1, 2017. fourth not In May 2017, 2017 09, 718 718. December 15, 2017. first 2018. not In August 2017, 2017 12, 815 November 1, 2019,

Note 2 - Goodwill and Other I17

Note 2 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	July 31, 2017 October 31, 2016 Gross Carrying Accumulated Wgt. Gross Carrying Accumulated Wgt. Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,493,087 1.47 $ 2,536,488 $ 2,444,293 1.80 Customer Lists 10,313,819 9,654,686 1.37 10,313,819 9,217,143 2.02 Other Identifiable Intangibles 608,393 327,841 22.32 608,393 303,570 23.04 Total $ 13,458,700 $ 12,475,614 $ 13,458,700 $ 11,965,006

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
	Jul. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	July 31, October 31, Finished Goods $ 2,254,596 $ 2,117,241 Raw Materials 167,183 178,134 Inventory reserve (30,000 ) (233,662 ) Total Inventories $ 2,391,779 $ 2,061,713

Note 5 - On-balance Sheet Der19

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Jul. 31, 2017
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $4,266,668 1.25% 1.22%
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Before-Tax Tax Benefit Net-of-Tax Three Months Ended July 31, 2016 Loss on interest rate swap $ (9,519 ) $ 3,807 $ (5,712 ) Reclassification adjustment for loss in income 10,673 (4,269 ) 6,404 Net unrealized gain $ 1,154 $ (462 ) $ 692 Three Months Ended July 31, 2017 Gain on interest rate swap $ 185 $ (74 ) $ 111 Reclassification adjustment for loss in income 1,469 (588 ) 881 Net unrealized gain $ 1,654 $ (662 ) $ 992 Before-Tax Tax Benefit (Expense) Net-of-Tax Nine Months Ended July 31, 2016 Loss on interest rate swap $ (64,461 ) $ 25,784 $ (38,677 ) Reclassification adjustment for loss in income 23,588 (9,435 ) 14,153 Net unrealized loss $ (40,873 ) $ 16,349 $ (24,524 ) Nine Months Ended July 31, 2017 Gain on interest rate swap $ 21,839 $ (8,736 ) $ 13,103 Reclassification adjustment for loss in income 12,669 (5,067 ) 7,602 Net unrealized gain $ 34,508 $ (13,803 ) $ 20,705

Note 6 - Fair Values of Asset20

Note 6 - Fair Values of Assets and Liabilities (Tables)	9 Months Ended
	Jul. 31, 2017
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	Level 1 Level 2 Level 3 Assets (Liabilities): July 31, 2017 Unrealized gain on derivatives $ - $ 2,055 $ - October 31, 2016 Unrealized loss on derivatives $ - $ (32,453 ) $ -

Note 2 - Goodwill and Other I21

Note 2 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Amortization of Intangible Assets	$ 170,136	$ 170,739	$ 510,608	$ 500,800
Goodwill, Period Increase (Decrease)	$ 0		$ 0

Note 2 - Goodwill and Other I22

Note 2 - Goodwill and Other Intangible Assets - Amortization of Finite-lived Intangible Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2017	Oct. 31, 2016
Gross Carrying Amount	$ 13,458,700	$ 13,458,700
Accumulated Amortization	$ 12,475,614	$ 11,965,006
Noncompete Agreements [Member]
Weighted Average Amortization (Year)	1 year 171 days	1 year 292 days
Gross Carrying Amount	$ 2,536,488	$ 2,536,488
Accumulated Amortization	$ 2,493,087	$ 2,444,293
Customer Lists [Member]
Weighted Average Amortization (Year)	1 year 135 days	2 years 7 days
Gross Carrying Amount	$ 10,313,819	$ 10,313,819
Accumulated Amortization	$ 9,654,686	$ 9,217,143
Other Intangible Assets [Member]
Weighted Average Amortization (Year)	22 years 116 days	23 years 14 days
Gross Carrying Amount	$ 608,393	$ 608,393
Accumulated Amortization	$ 327,841	$ 303,570

Note 3 - Debt (Details Textual)

Note 3 - Debt (Details Textual)	Jun. 13, 2017USD ($)	Jul. 31, 2017USD ($)	Jun. 12, 2017USD ($)	Oct. 31, 2016USD ($)	Sep. 12, 2016USD ($)	May 20, 2015USD ($)
Short-term Debt		$ 2,000,000
Peter and Jack Baker and the Estate of Henry Baker [Member]
Repayments of Subordinated Debt	$ 4,500,000
Peter and John Baker [Member]
Subordinated Debt		$ 4,500,000
Debt Instrument, Interest Rate, Stated Percentage		12.00%
Bank of America [Member]
Debt Instrument, Covenant, Maximium Annual Limit for Capital Expenditures					$ 4,000,000
Debt Instrument, Covenant, Total Debt Coverage Ratio					1.5
Debt Instrument, Covenant, Maximum Senior Funded Debt to Consolidated Adjusted EBITDA					2.5
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
Letters of Credit Outstanding, Amount		$ 1,327,000
Bank of America [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Variable Rate Basis		1.22%
Bank of America [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate, Effective Percentage		3.47%
Line of Credit Facility, Maximum Borrowing Capacity	$ 6,000,000		$ 5,000,000			$ 5,000,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 2,673,000
Bank of America [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Short-term Debt		$ 2,000,000
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]
Long-term Debt		$ 8,533,000				$ 12,000,000
Debt Instrument, Interest Rate, Effective Percentage		3.72%
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
Bank of America [Member] | Term Note [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Long-term Debt		$ 4,266,000

Note 4 - Inventories - Summary

Note 4 - Inventories - Summary of Inventories (Details) - USD ($)	Jul. 31, 2017	Oct. 31, 2016
Finished Goods	$ 2,254,596	$ 2,117,241
Raw Materials	167,183	178,134
Inventory reserve	(30,000)	(233,662)
Total Inventories	$ 2,391,779	$ 2,061,713

Note 5 - On-balance Sheet Der25

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (1,469)	$ (10,673)	$ (12,669)	$ (23,588)

Note 5 - On-balance Sheet Der26

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities - Outstanding Interest Rate Swap (Details) - Interest Rate Swap [Member]	Jul. 31, 2017USD ($)
Notional amount	$ 4,266,668
Pay rate	1.25%
London Interbank Offered Rate (LIBOR) [Member]
Receive rate	1.22%

Note 5 - On-balance Sheet Der27

Note 5 - On-balance Sheet Derivative Instruments and Hedging Activities - Adjustments to Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Reclassification adjustment for loss in income, before tax	$ 1,469	$ 10,673	$ 12,669	$ 23,588
Reclassification adjustment for loss in income, tax	(588)	(4,269)	(5,067)	(9,435)
Reclassification adjustment for loss in income, net of tax	881	6,404	7,602	14,153
Net unrealized gain (loss), before tax	1,654	1,154	34,508	(40,873)
Net unrealized gain (loss), tax	(662)	(462)	(13,803)	16,349
Net unrealized gain (loss), net of tax	992	692	20,705	(24,524)
Gains (loss) on interest rate swap, before tax	185	(9,519)	21,839	(64,461)
Gains (loss) on interest rate swap, tax	(74)	3,807	(8,736)	25,784
Gains (loss) on interest rate swap, net of tax	$ 111	$ (5,712)	$ 13,103	$ (38,677)

Note 6 - Fair Values of Asset28

Note 6 - Fair Values of Assets and Liabilities (Details Textual) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring	$ 0	$ 0

Note 6 - Fair Values of Asset29

Note 6 - Fair Values of Assets and Liabilities - Fair Values of Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Jul. 31, 2017	Oct. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Unrealized gain on derivatives
Fair Value, Inputs, Level 2 [Member]
Unrealized gain on derivatives	2,055	(32,453)
Fair Value, Inputs, Level 3 [Member]
Unrealized gain on derivatives

Note 7 - Compensation Plans (De

Note 7 - Compensation Plans (Details Textual) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016	Apr. 30, 2014	Feb. 18, 2014
The 2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	500,000		500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease)	0	0	0	0
The 2014 Stock Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
The 2014 Stock Incentive Plan [Member] | Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
The 2014 Stock Incentive Plan [Member] | Maximum [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
The 2004 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				10,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period				10,000
The 2004 Stock Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant						0