Crystal Rock (CRVP) 10-Q 16 Mar 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jan. 31, 2018	Mar. 09, 2018
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	Jan. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jan. 31, 2018	Oct. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 200,979	$ 1,065,000
Accounts receivable, trade - net of reserve of $262,511 and $330,720 for 2018 and 2017, respectively	6,768,744	7,013,184
Inventories, net	2,124,337	2,200,666
Other current assets	1,537,874	1,276,850
Unrealized gain on derivatives	5,098	3,787
TOTAL CURRENT ASSETS	10,637,032	11,559,487
PROPERTY AND EQUIPMENT - net	6,497,455	6,850,771
OTHER ASSETS:
Goodwill	12,156,790	12,156,790
Other intangible assets - net	691,539	833,951
Other assets	76,926	91,926
TOTAL OTHER ASSETS	12,925,255	13,082,667
TOTAL ASSETS	30,059,742	31,492,925
CURRENT LIABILITIES:
Line of credit	2,015,200	2,000,000
Current portion of long term debt	1,599,996	1,599,996
Accounts payable	1,787,406	1,723,753
Accrued expenses	1,992,601	2,261,365
Current portion of customer deposits	613,433	614,789
TOTAL CURRENT LIABILITIES	8,008,636	8,199,903
Long term debt, less current portion	6,133,348	6,533,347
Deferred tax liability	2,626,013	4,027,550
Subordinated debt	4,500,000	4,500,000
Other liability	29,138	30,561
Customer deposits, less current portion	2,456,337	2,461,762
TOTAL LIABILITIES	23,753,472	25,753,123
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 January 31, 2018 and October 31, 2017	21,960	21,960
Additional paid in capital	58,464,742	58,464,742
Treasury stock, at cost, 601,818 shares as of January 31, 2018 and October 31, 2017	(900,360)	(900,360)
Accumulated deficit	(51,283,287)	(51,848,811)
Accumulated other comprehensive income	3,215	2,271
TOTAL STOCKHOLDERS' EQUITY	6,306,270	5,739,802
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 30,059,742	$ 31,492,925

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jan. 31, 2018	Oct. 31, 2017
Accounts receivable, trade, reserve	$ 262,511	$ 330,720
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
	Jan. 31, 2018	Jan. 31, 2017
NET SALES	$ 13,878,372	$ 14,650,146
COST OF GOODS SOLD	6,653,099	6,956,412
GROSS PROFIT	7,225,273	7,693,734
OPERATING EXPENSES:
Selling, general and administrative expenses	7,491,877	7,171,804
Advertising expenses	122,510	119,439
Amortization	142,412	170,337
Loss on disposal of property and equipment	396,092
TOTAL OPERATING EXPENSES	8,152,891	7,461,580
(LOSS) INCOME FROM OPERATIONS	(927,618)	232,154
OTHER EXPENSE:
Interest	233,511	350,590
LOSS BEFORE INCOME TAXES	(1,161,129)	(118,436)
INCOME TAX BENEFIT	(1,726,653)	(43,822)
NET INCOME (LOSS)	$ 565,524	$ (74,614)
NET INCOME (LOSS) PER SHARE - BASIC (in dollars per share)	$ 0.03	$ 0
NET INCOME (LOSS) PER SHARE - DILUTED (in dollars per share)	$ 0.03	$ 0
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - BASIC (in shares)	21,358,411	21,358,411
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - DILUTED (in shares)	21,358,411	21,358,411

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Net Income (Loss)	$ 565,524	$ (74,614)
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Unrealized gain on derivatives designated as cash flow hedges	944	13,282
Other Comprehensive Income, net of tax	944	13,282
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 566,468	$ (61,332)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 565,524	$ (74,614)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation	636,887	654,427
Provision for bad debts on accounts receivable	63,220	89,129
Amortization	142,412	170,337
Deferred tax benefit	(1,401,537)
Loss on disposal of property and equipment	396,092
Changes in operating assets and liabilities:
Accounts receivable	181,220	217,732
Inventories	76,329	(199,643)
Other current assets	(261,391)	74,065
Other assets	15,000	14,160
Accounts payable	63,653	(1,063,077)
Accrued expenses	(270,187)	(1,025,938)
Customer deposits	(6,781)	(991)
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	200,441	(1,144,413)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(721,763)	(638,361)
Proceeds from sale of property and equipment	42,100
NET CASH USED IN INVESTING ACTIVITIES	(679,663)	(638,361)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net line of credit borrowings	15,200
Principal payments on debt	(399,999)	(399,999)
NET CASH USED IN FINANCING ACTIVITIES	(384,799)	(399,999)
NET DECREASE IN CASH	(864,021)	(2,182,773)
CASH AND CASH EQUIVALENTS - beginning of period	1,065,000	5,553,815
CASH AND CASH EQUIVALENTS - end of period	200,979	3,371,042
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	232,904	371,800
Cash paid for taxes		$ 249,850

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with Form 10 10 October 31, 2017. 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, 2017. 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 - Adopted Accounting Sta

Note 2 - Adopted Accounting Standards Updates	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Adopted Accounting Standards Updates Effective November 1, 2017, No. 2015 11, first first not Effective November 1, 2017, No. 2015 17, not

Note 3 - Goodwill and Other Int

Note 3 - Goodwill and Other Intangible Assets	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	3. GOODWILL AND OTHER INTANGIBLE ASSETS Major components of intangible assets consisted of: January 31, 2018 October 31, 2017 Gross Carry i Accumulated Amortization Wgt. Avg.Amort. Years Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,510,656 1.16 $ 2,536,488 $ 2,502,976 1.33 Customer Lists 10,313,819 9,912,484 0.93 10,313,819 9,785,842 1.15 Other Identifiable Intangibles 608,393 344,021 21.84 608,393 335,931 22.08 Total $ 13,458,700 $ 12,767,161 $ 13,458,700 $ 12,624,749 Amortization expense for the three January 31, 2018 2017 $142,412 $170,337, no $12,156,790, three January 31, 2018.

Note 4 - Debt

Note 4 - Debt	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	4. DEBT The Company has a Credit Agreement (the “Agreement”) with Bank of America to provide a senior financing facility consisting of term debt and a revolving line of credit. Under the Agreement, as amended, the Company became obligated on $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. Effective September 12, 2016, one January 31, 2018, 2.50% 2.25% January 31, 2018, $3,867,000 one 1.56% January 31, 2018 4.06% 3.81%, January 31, 2018. 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. January 31, 2018, not January 31, 2018. On June 13, 2017, $5,000,000 $6,000,000. The Third Amendment allows the Company to use up to $2,000,000 $4,500,000 2017, $4,500,000 At January 31, 2018, $2,015,200 $1,327,000 January 31, 2018, $2,658,000 May 2018. $7,733,000 January 31, 2018. In addition to the senior debt, as of January 31, 2018, $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 with the subordinated debt holders, to the senior financing facility (Credit Agreement) described above.

Note 5 - Inventories

Note 5 - Inventories	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. INVENTORIES Inventories consisted of the following at: January 31, October 31, 2018 2017 Finished Goods $ 2,016,980 $ 2,011,255 Raw Materials 182,357 189,411 Inventory Reserve (75,000 ) - Total Inventories $ 2,124,337 $ 2,200,666 Finished goods inventory consists of products that the Company sells such as, but not not

Note 6 - Impairment of Long-liv

Note 6 - Impairment of Long-lived Assets	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Asset Impairment Charges [Text Block]	6. IMPAIRMENT OF LONG-LIVED ASSETS The Company reviews long-lived assets and certain identifiable intangible assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not may not During the quarter ended January 31, 2018, $385,463, no January 31, 2017.

Note 7 - On-balance Sheet Deriv

Note 7 - On-balance Sheet Derivative Instruments and Hedging Activities	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	7. 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 relating to interest rate swaps was recorded in current assets with an offset to other comprehensive income for the effective portion of the hedge. At January 31, 2018, 100% twelve The following information pertains to the Company's outstanding interest rate swap at January 31, 2018. May 2018.The one Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $ 3,866,668 1.25% 1.56% 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 January 31, 2018 2017. Before-Tax Tax Benefit (Expense) Net-of-Tax Three Months Ended January 31, 2017 Gain on interest rate swap $ 15,121 $ (6,048 ) $ 9,073 Reclassification adjustment to income 7,015 (2,806 ) 4,209 Net unrealized gain $ 22,136 $ (8,854 ) $ 13,282 Three Months Ended January 31, 2018 Gain on interest rate swap $ 3,003 $ (841 ) $ 2,162 Reclassification adjustment to income (1,692 ) 474 (1,218 ) Net unrealized gain $ 1,311 $ (367 ) $ 944 The reclassification adjustments of $1,692 January 31, 2018, $7,015 January 31, 2017. No January 31, 2018 2017.

Note 8 - Fair Values of Assets

Note 8 - Fair Values of Assets and Liabilities	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. 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: January 31, 2018 Unrealized gain on derivative $ - $ 5,098 $ - October 31, 2017 Unrealized gain on derivative $ - $ 3,787 $ - 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 9 - Impact of Tax Reform A

Note 9 - Impact of Tax Reform Act	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	9. IMPACT OF TAX REFORM ACT On December 22, 2017, 1, 35% 21% January 1, 2018. October 31 23% October 31, 2018. 21% October 31, 2019 December 2017, No. 118, not one three January 31, 2018, one $1,400,000 23% first $1,400,000 may

Note 10 - Income (Loss) Per Sha

Note 10 - Income (Loss) Per Share and Weighted Average Shares	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	10. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES The Company considers outstanding in-the-money stock options, if any, 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 2018 2017 Net Income (Loss) 565,524 $ (74,614 ) Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 Dilutive effect of Stock Options - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 Basic Income (Loss) Per Share $ .03 $ (.00 ) Diluted Income (Loss) Per Share $ .03 $ (.00 ) As of January 31, 2018 2017 no

Note 11 - Recent Accounting Pro

Note 11 - Recent Accounting Pronouncements	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	11. 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 2019 2018 In February 2016, 2016 02, December 15, 2018 not 2020. In August 2017, 2017 12, 815 November 1, 2019,

Note 12 - Accounts Receivable

Note 12 - Accounts Receivable	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	12. 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, 2017.

Note 13 - Subsequent Events

Note 13 - Subsequent Events	3 Months Ended
	Jan. 31, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	13. SUBSEQUENT EVENTS On February 12, 2018, February 20, 2018 $0.001 $0.97, March 20, 2018, The consummation of the Offer is subject to customary closing conditions, including, among other things, the valid tender of shares of Company Common Stock representing a majority of the total outstanding shares of Company Common Stock, calculated on a fully diluted basis, and other conditions to the Offer set forth in Annex I to the Merger Agreement. The consummation of the Offer is not Upon the completion of the Offer, and subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, Purchaser will be merged with and into the Company, with the Company surviving as a wholly owned indirect subsidiary of Cott (the “Merger”). The Merger Agreement provides that the Merger will be governed by Section 251 At the effective time of the Merger (the “Effective Time”), each outstanding share of Company Common Stock, other than shares of Company Common Stock owned by the Company, Cott or Purchaser immediately prior to the Effective Time, or by stockholders who have validly exercised their appraisal rights under Delaware law will be canceled and converted into the right to receive an amount in cash equal to the Offer Price, payable to the holder thereof on the terms and subject to the conditions set forth in the Merger Agreement. On February 12, 2018, November 1, 2016 ( 2.2.5 12 On March 14, 2018, $200,000. one $25,000 1 2 not 3 six three six 30 six

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Adopted Accounting Standards Updates Effective November 1, 2017, No. 2015 11, first first not Effective November 1, 2017, No. 2015 17, not

Note 3 - Goodwill and Other I21

Note 3 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Jan. 31, 2018
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	January 31, 2018 October 31, 2017 Gross Carry i Accumulated Amortization Wgt. Avg.Amort. Years Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,510,656 1.16 $ 2,536,488 $ 2,502,976 1.33 Customer Lists 10,313,819 9,912,484 0.93 10,313,819 9,785,842 1.15 Other Identifiable Intangibles 608,393 344,021 21.84 608,393 335,931 22.08 Total $ 13,458,700 $ 12,767,161 $ 13,458,700 $ 12,624,749

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	3 Months Ended
	Jan. 31, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	January 31, October 31, 2018 2017 Finished Goods $ 2,016,980 $ 2,011,255 Raw Materials 182,357 189,411 Inventory Reserve (75,000 ) - Total Inventories $ 2,124,337 $ 2,200,666

Note 7 - On-balance Sheet Der23

Note 7 - On-balance Sheet Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Jan. 31, 2018
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	Instrument Notional Amount Pay Rate Receive Rate Interest rate swap $ 3,866,668 1.25% 1.56%
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Before-Tax Tax Benefit (Expense) Net-of-Tax Three Months Ended January 31, 2017 Gain on interest rate swap $ 15,121 $ (6,048 ) $ 9,073 Reclassification adjustment to income 7,015 (2,806 ) 4,209 Net unrealized gain $ 22,136 $ (8,854 ) $ 13,282 Three Months Ended January 31, 2018 Gain on interest rate swap $ 3,003 $ (841 ) $ 2,162 Reclassification adjustment to income (1,692 ) 474 (1,218 ) Net unrealized gain $ 1,311 $ (367 ) $ 944

Note 8 - Fair Values of Asset24

Note 8 - Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Jan. 31, 2018
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Assets: January 31, 2018 Unrealized gain on derivative $ - $ 5,098 $ - October 31, 2017 Unrealized gain on derivative $ - $ 3,787 $ -

Note 10 - Income (Loss) Per S25

Note 10 - Income (Loss) Per Share and Weighted Average Shares (Tables)	3 Months Ended
	Jan. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended 2018 2017 Net Income (Loss) 565,524 $ (74,614 ) Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 Dilutive effect of Stock Options - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 Basic Income (Loss) Per Share $ .03 $ (.00 ) Diluted Income (Loss) Per Share $ .03 $ (.00 )

Note 3 - Goodwill and Other I26

Note 3 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017
Amortization of Intangible Assets	$ 142,412	$ 170,337
Goodwill, Period Increase (Decrease)	0
Goodwill	$ 12,156,790		$ 12,156,790

Note 3 - Goodwill and Other I27

Note 3 - Goodwill and Other Intangible Assets - Amortization of Finite-lived Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2018	Oct. 31, 2017
Gross Carrying Amount	$ 13,458,700	$ 13,458,700
Accumulated Amortization	$ 12,767,161	$ 12,624,749
Weighted Average Amortization (Year)
Noncompete Agreements [Member]
Gross Carrying Amount	$ 2,536,488	$ 2,536,488
Accumulated Amortization	$ 2,510,656	$ 2,502,976
Weighted Average Amortization (Year)	1 year 58 days	1 year 120 days
Customer Lists [Member]
Gross Carrying Amount	$ 10,313,819	$ 10,313,819
Accumulated Amortization	$ 9,912,484	$ 9,785,842
Weighted Average Amortization (Year)	339 days	1 year 54 days
Other Intangible Assets [Member]
Gross Carrying Amount	$ 608,393	$ 608,393
Accumulated Amortization	$ 344,021	$ 335,931
Weighted Average Amortization (Year)	21 years 306 days	22 years 29 days

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual)	Jun. 13, 2017USD ($)	Jan. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Sep. 12, 2016USD ($)
Short-term Debt		$ 2,015,200	$ 2,000,000
Peter and Jack Baker and the Estate of Henry Baker [Member]
Repayments of Subordinated Debt	$ 4,500,000
Subordinated Debt [Member] | CEO and Executive VP, Peter and John Baker [Member]
Notes Payable, Related Parties		$ 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		1.56%
Bank of America [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 6,000,000			$ 5,000,000
Debt Instrument, Interest Rate, Effective Percentage		3.81%
Line of Credit Facility, Remaining Borrowing Capacity		$ 2,658,000
Bank of America [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Short-term Debt		$ 2,015,200
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, Face Amount		$ 12,000,000
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 Debt		$ 7,733,000
Debt Instrument, Interest Rate, Effective Percentage		4.06%
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		$ 3,867,000

Note 5 - Inventories - Summary

Note 5 - Inventories - Summary of Inventories (Details) - USD ($)	Jan. 31, 2018	Oct. 31, 2017
Finished Goods	$ 2,016,980	$ 2,011,255
Raw Materials	182,357	189,411
Inventory Reserve	(75,000)
Total Inventories	$ 2,124,337	$ 2,200,666

Note 6 - Impairment of Long-l30

Note 6 - Impairment of Long-lived Assets (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Impairment of Long-Lived Assets to be Disposed of	$ 385,463	$ 0

Note 7 - On-balance Sheet Der31

Note 7 - On-balance Sheet Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ 1,692	$ (7,015)

Note 7 - On-balance Sheet Der32

Note 7 - On-balance Sheet Derivative Instruments and Hedging Activities - Outstanding Interest Rate Swap (Details) - Interest Rate Swap [Member]	Jan. 31, 2018USD ($)
Notional amount	$ 3,866,668
Pay rate	1.25%
London Interbank Offered Rate (LIBOR) [Member]
Receive rate	1.56%

Note 7 - On-balance Sheet Der33

Note 7 - On-balance Sheet Derivative Instruments and Hedging Activities - Adjustments to Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Gains (loss) on interest rate swap, before tax	$ 3,003	$ 15,121
Gains (loss) on interest rate swap, tax	(841)	(6,048)
Gains (loss) on interest rate swap, net of tax	2,162	9,073
Reclassification adjustment for (gain) loss in income, before tax	(1,692)	7,015
Reclassification adjustment for (gain) loss in income, tax	474	(2,806)
Reclassification adjustment for loss in income, net of tax	(1,218)	4,209
Net unrealized gain (loss), before tax	1,311	22,136
Net unrealized gain (loss), tax	(367)	(8,854)
Net unrealized gain (loss), net of tax	$ 944	$ 13,282

Note 8 - Fair Values of Asset34

Note 8 - Fair Values of Assets and Liabilities (Details Textual) $ in Thousands	Jan. 31, 2018USD ($)
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0
Assets, Fair Value Disclosure, Nonrecurring	$ 0

Note 7 - Fair Values of Assets

Note 7 - Fair Values of Assets and Liabilities - Fair Values of Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Jan. 31, 2018	Oct. 31, 2017
Fair Value, Inputs, Level 1 [Member]
Unrealized gain (loss) on derivative	$ 0
Fair Value, Inputs, Level 2 [Member]
Unrealized gain (loss) on derivative	5,098	3,787
Fair Value, Inputs, Level 3 [Member]
Unrealized gain (loss) on derivative	$ 0

Note 9 - Impact of Tax Reform36

Note 9 - Impact of Tax Reform Act (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2018	Oct. 31, 2019	Oct. 31, 2018
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (1,400,000)
Income Tax Expense (Benefit) Continuing Operations Change in Tax Rate	$ (1,400,000)
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	23.00%

Note 10 - Income (Loss) Per S37

Note 10 - Income (Loss) Per Share and Weighted Average Shares (Details Textual) - shares shares in Thousands	Jan. 31, 2018	Jan. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	0

Note 10 - Income (Loss) Per S38

Note 10 - Income (Loss) Per Share and Weighted Average Shares - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Net Income (Loss)	$ 565,524	$ (74,614)
Basic Weighted Average Shares Outstanding (in shares)	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
Basic Income (Loss) Per Share (in dollars per share)	$ 0.03	$ 0
Diluted Income (Loss) Per Share (in dollars per share)	$ 0.03	$ 0

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - USD ($)	Mar. 14, 2018	Feb. 12, 2018	Jan. 31, 2018	Oct. 31, 2017
Common Stock, Par or Stated Value Per Share			$ 0.001	$ 0.001
Cott and Purchaser [Member] | Subsequent Event [Member]
Common Stock, Par or Stated Value Per Share		$ 0.001
Share Price		$ 0.97
Cott and Purchaser [Member] | Subsequent Event [Member] | Executive Officer [Member]
Salaries, Wages and Officers' Compensation	$ 200,000
Termination, Benefit Allowed Per Year	$ 25,000