RF Industries (RFIL) 10-Q 11 Mar 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jan. 31, 2021	Mar. 10, 2021
Document Information [Line Items]
Entity Registrant Name	R F INDUSTRIES LTD
Entity Central Index Key	0000740664
Trading Symbol	rfil
Current Fiscal Year End Date	--10-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		9,972,456
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jan. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, $0.01 par value per share

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 15,489	$ 15,797
Trade accounts receivable, net of allowance for doubtful accounts of $55 and $66, respectively	5,155	5,669
Inventories	9,019	8,586
Other current assets	2,139	813
TOTAL CURRENT ASSETS	31,802	30,865
Property and equipment:
Equipment and tooling	3,916	3,819
Furniture and office equipment	1,092	1,073
Property, Plant and Equipment, Gross, Ending Balance	5,008	4,892
Less accumulated depreciation	4,162	4,082
Total property and equipment, net	846	810
Operating lease right of use assets, net	1,184	1,421
Goodwill	2,467	2,467
Amortizable intangible assets, net	3,024	3,181
Non-amortizable intangible assets, trademarks	1,174	1,174
Deferred tax assets	68	834
Other assets	70	70
TOTAL ASSETS	40,635	40,822
CURRENT LIABILITIES
Accounts payable	1,510	1,475
Accrued expenses	2,617	2,573
Current portion of PPP Loans	2,103	1,699
Current portion of operating lease liabilities	789	874
Income taxes payable		43
Other current liabilities	296
TOTAL CURRENT LIABILITIES	7,315	6,664
Operating lease liabilities	477	635
PPP Loans	685	1,089
Other long-term liabilities		370
TOTAL LIABILITIES	8,477	8,758
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Common stock - authorized 20,000,000 shares of $0.01 par value; 9,962,456 and 9,814,118 shares issued and outstanding at January 31, 2021 and October 31, 2020, respectively	100	98
Additional paid-in capital	23,441	22,946
Retained earnings	8,617	9,020
TOTAL STOCKHOLDERS' EQUITY	32,158	32,064
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 40,635	$ 40,822

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Trade accounts receivable, allowance for doubtful accounts	$ 55	$ 66
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	9,962,456	9,814,118
Common stock, shares outstanding (in shares)	9,962,456	9,814,118

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Net sales	$ 10,002	$ 12,414
Cost of sales	7,396	9,161
Gross profit	2,606	3,253
Operating expenses:
Engineering	431	596
Selling and general	2,764	2,656
Total operating expenses	3,195	3,252
Operating (loss) income	(589)	1
Other (expense) income	(8)	11
(Loss) income before benefit for income taxes	(597)	12
Benefit from income taxes	(194)	(14)
Consolidated net (loss) income	$ (403)	$ 26
(Loss) earnings per share
Basic (in dollars per share)	$ (0.04)	$ 0
Diluted (in dollars per share)	$ (0.04)	$ 0
Weighted average shares outstanding
Basic (in shares)	9,864,689	9,564,533
Diluted (in shares)	9,864,689	9,873,336

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Oct. 31, 2019	9,462,267
Balance at Oct. 31, 2019	$ 95	$ 21,949	$ 9,489	$ 31,533
Exercise of stock options (in shares)	215,943
Exercise of stock options	$ 2	389		391
Stock-based compensation expense		110		110
Issuance of restricted stock (in shares)	54,850
Issuance of restricted stock	$ 1	(1)
Consolidated net income (loss)			26	26
Issuance of common shares (in shares)	12,075
Issuance of common shares		77		77
Dividends			(193)	(193)
Balance (in shares) at Jan. 31, 2020	9,745,135
Balance at Jan. 31, 2020	$ 98	22,524	9,322	31,944
Balance (in shares) at Oct. 31, 2020	9,814,118
Balance at Oct. 31, 2020	$ 98	22,946	9,020	$ 32,064
Exercise of stock options (in shares)	118,189			118,189
Exercise of stock options	$ 1	384		$ 385
Stock-based compensation expense		123		123
Issuance of restricted stock (in shares)	36,834
Issuance of restricted stock	$ 1	(1)
Forfeiture of restricted stock (in shares)	(4,318)
Forfeiture of restricted stock
Tax withholding related to vesting of restricted stock (in shares)	(2,367)
Tax withholding related to vesting of restricted stock		(11)		(11)
Consolidated net income (loss)			(403)	(403)
Balance (in shares) at Jan. 31, 2021	9,962,456
Balance at Jan. 31, 2021	$ 100	$ 23,441	$ 8,617	$ 32,158

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
OPERATING ACTIVITIES:
Consolidated net (loss) income	$ (403,000)	$ 26,000
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Bad debt expense	(15,000)	4,000
Depreciation and amortization	237,000	255,000
Stock-based compensation expense	123,000	187,000
Tax payments related to shares cancelled for vested restricted stock awards	(11,000)
Deferred income taxes	766,000	62,000
Changes in operating assets and liabilities:
Trade accounts receivable	529,000	6,711,000
Inventories	(433,000)	638,000
Other current assets	(1,326,000)	(20,000)
Right of use assets	(6,000)	101,000
Accounts payable	35,000	(1,295,000)
Accrued expenses	44,000	(921,000)
Income tax payable	(43,000)	(21,000)
Other current liabilities	296,000
Other long-term liabilities	(370,000)	(121,000)
Net cash (used in) provided by operating activities	(577,000)	5,606,000
INVESTING ACTIVITIES:
Capital expenditures	(116,000)	(53,000)
Net cash used in investing activities	(116,000)	(3,954,000)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options	385,000	391,000
Dividends paid	0	(193,000)
Net cash provided by financing activities	385,000	198,000
Net (decrease) increase in cash and cash equivalents	(308,000)	1,850,000
Cash and cash equivalents, beginning of period	15,797,000	12,540,000
Cash and cash equivalents, end of period	15,489,000	14,390,000
Supplemental cash flow information – income taxes paid	6,000
Schrofftech [Member]
INVESTING ACTIVITIES:
Purchase of company, net of cash acquired		$ (3,901,000)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) $ in Thousands	3 Months Ended
	Jan. 31, 2020USD ($)
Schrofftech [Member]
Purchase of company, cash acquired	$ 99

Note 1 - Unaudited Interim Cond

Note 1 - Unaudited Interim Condensed Consolidated Financial Statements	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 Unaudited interim condensed consolidated financial statements Our accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10 not not October 31, 2020 October 31, 2020 10 10 October 31, 2020 three January 31, 2021 not may October 31, 2021. 10 Principles of consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of RF Industries, Ltd. and our four November 1, 2019. Risks and uncertainties In March 2020, 19” 19 may 19 The extent of the impact of the COVID- 19 three January 31, 2021. second 2021. three 19 May 2020 $2.8 13 We considered the impact of the COVID- 19 January 31, 2021. no Fair value measurement We measure at fair value certain financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. These two Level 1 Level 2 not Level 3 one As of January 31, 2021 October 31, 2020, 5 Recent accounting standards Recently issued accounting pronouncements not In June 2016, 2016 13, December 15, 2019. November 2019, 2019 10, 326 December 15, 2022. Recently issued accounting pronouncements adopted: In February 2016, No. 2016 02, 2016 02, November 1, 2019, 2020, 12 not may $2.3 $2.4 November 1, 2019, not In January 2017, No. 2017 04, 2 November 1, 2020, 2021, not January 31, 2021.

Note 2 - Business Acquisition

Note 2 - Business Acquisition	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 2 Business acquisition On November 4, 2019, $4 two $2.4 The acquisition was accounted for as an acquisition of a business in accordance with the acquisition method of accounting. The acquired assets and assumed liabilities have been recorded at their estimated fair values. We determined the estimated fair values with the assistance of appraisals or valuations performed by an independent third Although the closing occurred on November 4, 2019, November 1, 2019. November 1, 2019, $151,000 November 1, 2020. The following table summarizes the components of the purchase price at fair values at November 1, 2019: Cash consideration paid $ 4,000,000 Earn-out liability 1,249,000 Total purchase price $ 5,249,000 The following table summarizes the allocation of the purchase price at fair value at November 1, 2019: Current assets $ 1,168,000 Fixed assets 58,000 Intangible assets 3,299,000 Goodwill 1,127,000 Non-interest bearing liabilities (403,000 ) Net assets $ 5,249,000

Note 3 - Inventories and Major

Note 3 - Inventories and Major Vendors	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 3 Inventories and major vendors Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or net realizable value. Cost has been determined using the weighted average cost method. Inventories consist of the following (in thousands): January 31, 2021 October 31, 2020 Raw materials and supplies $ 4,668 $ 4,410 Work in process 278 196 Finished goods 4,073 3,980 Totals $ 9,019 $ 8,586 No 10% three January 31, 2021 2020.

Note 4 - Other Current Assets

Note 4 - Other Current Assets	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Other Current Assets [Text Block]	Note 4 Other current assets Other current assets consist of the following (in thousands): January 31, 2021 October 31, 2020 Prepaid taxes $ 924 $ - Prepaid expense 591 393 Other 624 420 Totals $ 2,139 $ 813

Note 5 - Accrued Expenses and O

Note 5 - Accrued Expenses and Other Current Liabilities	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]	Note 5 Accrued expenses and other current liabilities Accrued expenses consist of the following (in thousands): January 31, 2021 October 31, 2020 Wages payable $ 1,383 $ 1,506 Accrued receipts 823 518 Other accrued expenses 411 549 Totals $ 2,617 $ 2,573 Accrued receipts represent purchased inventory for which invoices have not The purchase agreement for the Schrofftech acquisition provides for earn-out payments of up to $2.4 October 31, 2021. January 31, 2021, January 31, 2021. We estimate the fair value of the earn-out liability using an option pricing based approach with a risk-neutral framework using Black Scholes related to Schrofftech calculated at net present value (Level 3 The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2021 ( Description Level 3 Earn-out liability $ 296 The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2020 ( Description Level 3 Earn-out liability $ 370 The following table summarizes the changes to the Level 3 three January 31, 2021 October 31, 2020 ( Level 3 January 31, 2021 October 31, 2020 Beginning balance $ 370 $ 1,249 Change in value (74 ) (879 ) Ending balance $ 296 $ 370 As of January 31, 2021, $296,000

Note 6 - (Loss) Earnings Per Sh

Note 6 - (Loss) Earnings Per Share	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 6 (Loss) earnings per share Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding increased by the effects of assuming that other potentially dilutive securities (such as stock options) outstanding during the period had been exercised and the treasury stock method had been applied. During the three January 31, 2021, 331,338 392,838 three January 31, 2021 2020, The following table summarizes the computation of basic and diluted weighted average shares outstanding: Three Months Ended January 31, 2021 2020 Weighted average shares outstanding for basic (loss) earnings per share 9,864,689 9,564,533 Add effects of potentially dilutive securities-assumed exercise of stock options - 308,803 Weighted average shares outstanding for diluted (loss) earnings per share 9,864,689 9,873,336

Note 7 - Stock-based Compensati

Note 7 - Stock-based Compensation and Equity Transactions	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 7 Stock-based compensation and equity transactions On December 6, 2019, one 50,000 10,000 10,000 four December 6, 2019, ten On January 9, 2020, ● Stock grants for a total of 12,075 three $77,000; ● A total of 3,241 two ● A total of 38,500 77,000 five four one January 9, 2021; twelve three ten On June 30, 2020, one 10,000 2,500 2,500 three June 30, 2020, ten On January 12, 2021, 33,500 67,000 one three four one January 12, 2022; twelve three ten No three January 31, 2021 2020. The weighted average fair value of employee stock options that were granted during the three January 31, 2021 2020 $2.46 $3.13, Three Months Ended January 31, 2021 2020 Risk-free interest rate 0.39 % 1.57 % Dividend yield 0.00 % 1.23 % Expected life of the option (in years) 7.00 6.47 Volatility factor 51.94 % 49.14 % Expected volatilities are based on historical volatility of our stock price and other factors. We used the historical method to calculate the expected life of the 2021 2020 Company stock option plans Descriptions of our stock option plans are included in Note 9 10 October 31, 2020. January 31, 2021 three Weighted Average Shares Exercise Price Outstanding at November 1, 2020 789,179 $ 4.66 Options granted 67,000 $ 4.98 Options exercised (118,189 ) $ 3.26 Options cancelled (91,793 ) $ 5.88 Options outstanding at January 31, 2021 646,197 $ 4.78 Options exercisable at January 31, 2021 298,781 $ 4.85 Options vested and expected to vest at January 31, 2021 645,861 $ 4.78 Weighted average remaining contractual life of options outstanding as of January 31, 2021: 6.30 Weighted average remaining contractual life of options exercisable as of January 31, 2021: 4.54 Weighted average remaining contractual life of options vested and expected to vest as of January 31, 2021: 6.30 Aggregate intrinsic value of options outstanding at January 31, 2021: $1,077,000 Aggregate intrinsic value of options exercisable at January 31, 2021: $531,000 Aggregate intrinsic value of options vested and expected to vest at January 31, 2021: $1,069,000 As of January 31, 2021, $708,000 $461,000 3.92 1.30 Non-employee directors receive a compensation package of $50,0 00 one one 2020, November 1, 2019 August 31, 2020. November 4, 2019, five 3,270 $25,000 10 August 31, 2020 20 $6.36 August 31, 2020. 2021 September 2021, five 5,757 $25,000 20 $4.34 December 31, 2020, 3,334 2021 $25,000 8.5 2021 20 $5.31 Non-employee directors who are also a chairperson of a committee of the Board receive additional compensation of $15,000 June 5, 2020, July 1, 2020 July 31, 2020, four 279 $4.47 September 15, 2020, four 3,454 $15,000 2021 $15,000 20 $4.34 Stock option expense During the three January 31, 2021 2020, $123,000 $187,000,

Note 8 - Concentrations of Cred

Note 8 - Concentrations of Credit Risk	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	Note 8 Concentrations of credit risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. We maintain our cash and cash equivalents with high-credit quality financial institutions. At January 31, 2021, $14.3 For the three January 31, 2021, two 16% 12% 15% 19%, January 31, 2021. two 11% three January 31, 2020, one 17% three January 31, 2020. two 12% January 31, 2020. not

Note 9 - Segment Information

Note 9 - Segment Information	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 9 Segment information We aggregate operating divisions into two 1 2 3 4 5 January 31, 2021, two The RF Connector segment consisted of one four five Management identifies segments based on strategic business units that are, in turn, based along market lines. These strategic business units offer products and services to different markets in accordance with their customer base and product usage. For segment reporting purposes, the RF Connector division constitutes the RF Connector segment, and the Cables Unlimited, Rel-Tech, C Enterprises, and Schrofftech divisions constitute the Custom Cabling segment. As reviewed by our chief operating decision maker, we evaluate the performance of each segment based on income or loss before income taxes. We charge depreciation and amortization directly to each division within the segment. Accounts receivable, inventory, property and equipment, right of use assets, goodwill and intangible assets are the only assets identified by segment. Except as discussed above, the accounting policies for segment reporting are the same for the Company as a whole. All of our operations are conducted in the United States; however, we derive a portion of our revenue from export sales. We attribute sales to geographic areas based on the location of the customers. The following table presents the sales by geographic area for the three January 31, 2021 2020 Three Months Ended January 31, 2021 2020 United States $ 9,379 $ 12,173 Foreign Countries: Canada 525 116 Mexico - 5 All Other 98 120 623 241 Totals $ 10,002 $ 12,414 Net sales, income (loss) before provision (benefit) for income taxes and other related segment information for the three January 31, 2021 2020 RF Connector Custom Cabling and Manufacturing and Cable Assembly Assembly Corporate Total 2021 Net sales $ 3,575 $ 6,427 $ - $ 10,002 Income (loss) before benefit for income taxes 453 (1,042 ) (8 ) (597 ) Depreciation and amortization 35 202 - 237 Total assets 7,667 15,202 17,766 40,635 2020 Net sales $ 3,189 $ 9,225 $ - $ 12,414 Income (loss) before provision for income taxes 282 (281 ) 11 12 Depreciation and amortization 42 213 - 255 Total assets 7,496 17,158 15,178 39,832

Note 10 - Income Taxes

Note 10 - Income Taxes	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 10 Income taxes We use an estimated annual effective tax rate, which is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which we operate, to determine its quarterly provision (benefit) for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. During the first 2021, $0.7 32% 120% three January 31, 2021 ( 2021 2020 2020 2020 2021 We had $134,000 $107,000 January 31, 2021 October 31, 2020, $35,000 January 31, 2021.

Note 11 - Intangible Assets

Note 11 - Intangible Assets	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 11 Intangible assets Intangible assets consist of the following (in thousands): January 31, 2021 October 31, 2020 Amortizable intangible assets: Non-compete agreement (estimated life 5 years) $ 423 $ 423 Accumulated amortization (256 ) (245 ) 167 178 Customer relationships (estimated lives 7 - 15 years) 5,058 5,058 Accumulated amortization (2,483 ) (2,367 ) 2,575 2,691 Backlog (estimated life 1 - 2 years) 287 287 Accumulated amortization (287 ) (266 ) - 21 Patents (estimated life 10 - 14 years) 368 368 Accumulated amortization (86 ) (77 ) 282 291 Totals $ 3,024 $ 3,181 Non-amortizable intangible assets: Trademarks $ 1,174 $ 1,174 Amortization expense for the three January 31, 2021 October 31, 2020 $157,000 $692,000, January 31, 2021, 5.66

Note 12 - Commitments

Note 12 - Commitments	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 12 Commitments We have operating leases for corporate offices, manufacturing facilities, and certain storage units. Our leases have remaining lease terms of 1 3 5 $14,000 We also have other operating leases for certain equipment. The components of our facilities and equipment operating lease expenses for the period ending January 31, 2021 Three Months Ended January 31, 2021 Operating lease cost $ 247 Short-term lease cost - Other information related to leases was as follows (in thousands): January 31, 2021 October 31, 2020 Supplemental Cash Flows Information Right of use assets obtained in exchange for lease obligations: Operating leases $ 1,184 $ 1,421 Weighted Average Remaining Lease Term Operating leases (in months) 20.78 22.94 Weighted Average Discount Rate Operating leases 3.54 % 3.54 % Future minimum lease payments under non-cancellable leases as of January 31, 2021 Year ended October 31, Operating Leases 2021 (excluding three months ended January 31, 2021) $ 667 2022 532 2023 166 2024 - 2025 - Thereafter - Total future minimum lease payments 1,365 Less imputed interest (99 ) Total $ 1,266 Reported as of January 31, 2021 Operating Leases Other current liabilities $ 789 Operating lease liabilities 477 Finance lease liabilities - Total $ 1,266 As of January 31, 2021, $1.2 $1.3 $789,000 no January 31, 2021.

Note 13 - Line of Credit and PP

Note 13 - Line of Credit and PPP Loans	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 13 Line of credit and PPP loans In November 2019, $5.0 2.0% first may December 1, 2021. December 30, 2020, no In May 2020 $2.8 not two 1%, six January 31, 2021, January 31, 2021, Future minimum loan payments as of January 31, 2021 Year ended October 31, PPP Loans 2021 (excluding three months ended January 31, 2021) $ 1,575 2022 1,213 Total future minimum payments $ 2,788

Note 14 - Cash Dividend and Dec

Note 14 - Cash Dividend and Declared Dividends	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Cash Dividend and Declared Dividends [Text Block]	Note 14 Cash dividend and declared dividends We did not three January 31, 2021. three January 31, 2020, $0.02 $193,000.

Note 15 - Subsequent Events

Note 15 - Subsequent Events	3 Months Ended
	Jan. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	Note 15 Subsequent events In February 2021, $2.8

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Our accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10 not not October 31, 2020 October 31, 2020 10 10 October 31, 2020 three January 31, 2021 not may October 31, 2021. 10
Consolidation, Policy [Policy Text Block]	Principles of consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of RF Industries, Ltd. and our four November 1, 2019.
Risks and Uncertainties [Policy Text Block]	Risks and uncertainties In March 2020, 19” 19 may 19 The extent of the impact of the COVID- 19 three January 31, 2021. second 2021. three 19 May 2020 $2.8 13 We considered the impact of the COVID- 19 January 31, 2021. no
Fair Value Measurement, Policy [Policy Text Block]	Fair value measurement We measure at fair value certain financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. These two Level 1 Level 2 not Level 3 one As of January 31, 2021 October 31, 2020, 5
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting standards Recently issued accounting pronouncements not In June 2016, 2016 13, December 15, 2019. November 2019, 2019 10, 326 December 15, 2022. Recently issued accounting pronouncements adopted: In February 2016, No. 2016 02, 2016 02, November 1, 2019, 2020, 12 not may $2.3 $2.4 November 1, 2019, not In January 2017, No. 2017 04, 2 November 1, 2020, 2021, not January 31, 2021.

Note 2 - Business Acquisition (

Note 2 - Business Acquisition (Tables) - Schrofftech [Member]	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Cash consideration paid $ 4,000,000 Earn-out liability 1,249,000 Total purchase price $ 5,249,000
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Current assets $ 1,168,000 Fixed assets 58,000 Intangible assets 3,299,000 Goodwill 1,127,000 Non-interest bearing liabilities (403,000 ) Net assets $ 5,249,000

Note 3 - Inventories and Majo_2

Note 3 - Inventories and Major Vendors (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	January 31, 2021 October 31, 2020 Raw materials and supplies $ 4,668 $ 4,410 Work in process 278 196 Finished goods 4,073 3,980 Totals $ 9,019 $ 8,586

Note 4 - Other Current Assets (

Note 4 - Other Current Assets (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Other Current Assets [Table Text Block]	January 31, 2021 October 31, 2020 Prepaid taxes $ 924 $ - Prepaid expense 591 393 Other 624 420 Totals $ 2,139 $ 813

Note 5 - Accrued Expenses and_2

Note 5 - Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	January 31, 2021 October 31, 2020 Wages payable $ 1,383 $ 1,506 Accrued receipts 823 518 Other accrued expenses 411 549 Totals $ 2,617 $ 2,573
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Description Level 3 Earn-out liability $ 296 Description Level 3 Earn-out liability $ 370
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Level 3 January 31, 2021 October 31, 2020 Beginning balance $ 370 $ 1,249 Change in value (74 ) (879 ) Ending balance $ 296 $ 370

Note 6 - (Loss) Earnings Per _2

Note 6 - (Loss) Earnings Per Share (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months Ended January 31, 2021 2020 Weighted average shares outstanding for basic (loss) earnings per share 9,864,689 9,564,533 Add effects of potentially dilutive securities-assumed exercise of stock options - 308,803 Weighted average shares outstanding for diluted (loss) earnings per share 9,864,689 9,873,336

Note 7 - Stock-based Compensa_2

Note 7 - Stock-based Compensation and Equity Transactions (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended January 31, 2021 2020 Risk-free interest rate 0.39 % 1.57 % Dividend yield 0.00 % 1.23 % Expected life of the option (in years) 7.00 6.47 Volatility factor 51.94 % 49.14 %
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Weighted Average Shares Exercise Price Outstanding at November 1, 2020 789,179 $ 4.66 Options granted 67,000 $ 4.98 Options exercised (118,189 ) $ 3.26 Options cancelled (91,793 ) $ 5.88 Options outstanding at January 31, 2021 646,197 $ 4.78 Options exercisable at January 31, 2021 298,781 $ 4.85 Options vested and expected to vest at January 31, 2021 645,861 $ 4.78

Note 9 - Segment Information (T

Note 9 - Segment Information (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Three Months Ended January 31, 2021 2020 United States $ 9,379 $ 12,173 Foreign Countries: Canada 525 116 Mexico - 5 All Other 98 120 623 241 Totals $ 10,002 $ 12,414
Schedule of Segment Reporting Information, by Segment [Table Text Block]	RF Connector Custom Cabling and Manufacturing and Cable Assembly Assembly Corporate Total 2021 Net sales $ 3,575 $ 6,427 $ - $ 10,002 Income (loss) before benefit for income taxes 453 (1,042 ) (8 ) (597 ) Depreciation and amortization 35 202 - 237 Total assets 7,667 15,202 17,766 40,635 2020 Net sales $ 3,189 $ 9,225 $ - $ 12,414 Income (loss) before provision for income taxes 282 (281 ) 11 12 Depreciation and amortization 42 213 - 255 Total assets 7,496 17,158 15,178 39,832

Note 11 - Intangible Assets (Ta

Note 11 - Intangible Assets (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Finite-lived and Indefinite-lived Intangible Assets [Table Text Block]	January 31, 2021 October 31, 2020 Amortizable intangible assets: Non-compete agreement (estimated life 5 years) $ 423 $ 423 Accumulated amortization (256 ) (245 ) 167 178 Customer relationships (estimated lives 7 - 15 years) 5,058 5,058 Accumulated amortization (2,483 ) (2,367 ) 2,575 2,691 Backlog (estimated life 1 - 2 years) 287 287 Accumulated amortization (287 ) (266 ) - 21 Patents (estimated life 10 - 14 years) 368 368 Accumulated amortization (86 ) (77 ) 282 291 Totals $ 3,024 $ 3,181 Non-amortizable intangible assets: Trademarks $ 1,174 $ 1,174

Note 12 - Commitments (Tables)

Note 12 - Commitments (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended January 31, 2021 Operating lease cost $ 247 Short-term lease cost -
Lessee, Leases, Other Information [Table Text Block]	January 31, 2021 October 31, 2020 Supplemental Cash Flows Information Right of use assets obtained in exchange for lease obligations: Operating leases $ 1,184 $ 1,421 Weighted Average Remaining Lease Term Operating leases (in months) 20.78 22.94 Weighted Average Discount Rate Operating leases 3.54 % 3.54 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Year ended October 31, Operating Leases 2021 (excluding three months ended January 31, 2021) $ 667 2022 532 2023 166 2024 - 2025 - Thereafter - Total future minimum lease payments 1,365 Less imputed interest (99 ) Total $ 1,266 Reported as of January 31, 2021 Operating Leases Other current liabilities $ 789 Operating lease liabilities 477 Finance lease liabilities - Total $ 1,266

Note 13 - Line of Credit and _2

Note 13 - Line of Credit and PPP Loans (Tables)	3 Months Ended
	Jan. 31, 2021
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	Year ended October 31, PPP Loans 2021 (excluding three months ended January 31, 2021) $ 1,575 2022 1,213 Total future minimum payments $ 2,788

Note 1 - Unaudited Interim Co_2

Note 1 - Unaudited Interim Condensed Consolidated Financial Statements (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	May 31, 2020	Jan. 31, 2021	Oct. 31, 2020	Nov. 01, 2019
Operating Lease, Right-of-Use Asset		$ 1,184	$ 1,421
Operating Lease, Liability, Total		$ 1,266
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset				$ 2,300
Operating Lease, Liability, Total				$ 2,400
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Long-term Debt, Total	$ 2,800

Note 2 - Business Acquisition_2

Note 2 - Business Acquisition (Details Textual) - Schrofftech [Member] - USD ($)	Nov. 04, 2019	Nov. 01, 2019	Oct. 31, 2020	Jan. 31, 2021
Payments to Acquire Businesses, Gross	$ 4,000,000	$ 4,000,000
Business Combination, Contingent Consideration Arrangements, Target Period (Year)	2 years
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 2,400,000			$ 2,400,000
Selling, General and Administrative Expenses [Member]
Business Combination, Acquisition Related Costs			$ 151,000

Note 2 - Business Acquisition -

Note 2 - Business Acquisition - Components of the Purchase Price of Schroff Technologies International, Inc. (Details) - Schrofftech [Member] - USD ($)	Nov. 04, 2019	Nov. 01, 2019
Cash consideration paid	$ 4,000,000	$ 4,000,000
Earn-out liability		1,249,000
Total purchase price		$ 5,249,000

Note 2 - Business Acquisition_3

Note 2 - Business Acquisition - Allocation of Estimated Purchase Price of Schroff Technologies International, Inc. (Details) - USD ($)	Jan. 31, 2021	Oct. 31, 2020	Nov. 01, 2019
Goodwill	$ 2,467,000	$ 2,467,000
Schrofftech [Member]
Current assets			$ 1,168,000
Fixed assets			58,000
Intangible assets			3,299,000
Goodwill			1,127,000
Non-interest bearing liabilities			(403,000)
Net assets			$ 5,249,000

Note 3 - Inventories and Majo_3

Note 3 - Inventories and Major Vendors - Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Raw materials and supplies	$ 4,668	$ 4,410
Work in process	278	196
Finished goods	4,073	3,980
Totals	$ 9,019	$ 8,586

Note 4 - Other Current Assets -

Note 4 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Prepaid taxes	$ 924
Prepaid expense	591	393
Other	624	420
Totals	$ 2,139	$ 813

Note 5 - Accrued Expenses and_3

Note 5 - Accrued Expenses and Other Current Liabilities (Details Textual) - USD ($)	Jan. 31, 2021	Nov. 04, 2019
Other Current Liabilities [Member]
Business Combination, Contingent Consideration, Liability, Current	$ 296,000
Schrofftech [Member]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 2,400,000	$ 2,400,000

Note 5 - Accrued Expenses and_4

Note 5 - Accrued Expenses and Other Current Liabilities - Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Wages payable	$ 1,383	$ 1,506
Accrued receipts	823	518
Other accrued expenses	411	549
Totals	$ 2,617	$ 2,573

Note 5 - Accrued Expenses and_5

Note 5 - Accrued Expenses and Other Current Liabilities - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Earn-out liability	$ 296	$ 370

Note 5 - Accrued Expenses and_6

Note 5 - Accrued Expenses and Other Current Liabilities - Level 3 Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
Beginning balance	$ 370	$ 1,249
Change in value	(74)	(879)
Ending balance	$ 296	$ 370

Note 6 - (Loss) Earnings Per _3

Note 6 - (Loss) Earnings Per Share (Details Textual) - shares	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Out-of-the-money Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	331,338	392,838

Note 6 - (Loss) Earnings Per _4

Note 6 - (Loss) Earnings Per Share - Computation of Basic and Diluted Weighted Average Shares Outstanding (Details) - shares	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Basic (in shares)	9,864,689	9,564,533
Add effects of potentially dilutive securities-assumed exercise of stock options (in shares)		308,803
Weighted average shares outstanding for diluted (loss) earnings per share (in shares)	9,864,689	9,873,336

Note 7 - Stock-based Compensa_3

Note 7 - Stock-based Compensation and Equity Transactions (Details Textual) - USD ($)

Jan. 12, 2021

Dec. 31, 2020

Sep. 15, 2020

Jul. 31, 2020

Jun. 30, 2020

Jan. 09, 2020

Dec. 06, 2019

Nov. 04, 2019

Jan. 31, 2021

Jan. 31, 2020

Nov. 01, 2020

Nov. 01, 2019

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)

6 years 109 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year)

4 years 197 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term (Year)

6 years 109 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value

$ 1,077,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value

531,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

1,069,000

Selling, General and Administrative Expenses [Member]

Share-based Payment Arrangement, Expense

123,000

$ 187,000

Share-based Payment Arrangement, Nonemployee [Member]

Nonemployee Director, Annual Compensation

$ 50,000

$ 50,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Value

$ 25,000

$ 25,000

Share Price, 20 Day Average (in dollars per share)

$ 6.36

$ 4.34

Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)

$ 2.46

$ 3.13

Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total

$ 708,000

Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)

3 years 335 days

Restricted Stock [Member]

Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total

$ 461,000

Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)

1 year 109 days

One Employee [Member] | Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)

10,000

50,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares (in shares)

2,500

10,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Number to Vest Each Year (in shares)

2,500

10,000

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)

3 years

4 years

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)

10 years

10 years

Three Employees [Member]

Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total (in shares)

12,075

Share-based Payment Arrangement, Expense

$ 77,000

Two Employees [Member] | Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)

3,241

Five Employees [Member] | Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)

77,000

Five Employees [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)

38,500

Five Employees [Member] | Restricted Stock and Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)

4 years

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)

10 years

Five Employees [Member] | Restricted Stock and Incentive Stock Options [Member] | Vesting on January 9, 2021 [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Five Employees [Member] | Restricted Stock and Incentive Stock Options [Member] | Vesting on January 12, 2022 [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

One Manager and Three Officers [Member] | Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)

67,000

One Manager and Three Officers [Member] | Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)

33,500

One Manager and Three Officers [Member] | Restricted Stock and Incentive Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)

4 years

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)

10 years

Five Non-employee Directors [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Nonemployee [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Per Director (in shares)

3,270

5,757

New Director [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Nonemployee [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Per Director (in shares)

3,334

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Value

$ 25,000

Share Price, 20 Day Average (in dollars per share)

$ 5.31

Non-employee Directors and Chairperson of Committee on Board [Member]

Annual Payable, Cash, Additional Compensation

$ 15,000

Stock Issued During Period, Shares, Per Person, Issued For Services (in shares)

279

Shares Issued, Price Per Share (in dollars per share)

$ 4.47

Non-employee Directors and Chairperson of Committee on Board [Member] | Restricted Stock [Member]

Share Price, 20 Day Average (in dollars per share)

$ 4.34

Stock Issued During Period, Shares, Per Person, Issued For Services (in shares)

3,454

Annual Payable, Shares, Additional Compensation

$ 15,000

Note 7 - Stock-based Compensa_4

Note 7 - Stock-based Compensation and Equity Transactions - Assumptions (Details)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Risk-free interest rate	0.39%	1.57%
Dividend yield	0.00%	1.23%
Expected life of the option (in years) (Year)	7 years	6 years 171 days
Volatility factor	51.94%	49.14%

Note 7 - Stock-based Compensa_5

Note 7 - Stock-based Compensation and Equity Transactions - Options Outstanding (Details)	3 Months Ended
	Jan. 31, 2021$ / sharesshares
Outstanding, shares (in shares) | shares	789,179
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 4.66
Options granted, shares (in shares) | shares	67,000
Options granted, weighted average exercise price (in dollars per share) | $ / shares	$ 4.98
Options exercised, shares (in shares) | shares	(118,189)
Options exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 3.26
Options cancelled, shares (in shares) | shares	(91,793)
Options canceled or expired, weighted average exercise price (in dollars per share) | $ / shares	$ 5.88
Options outstanding, shares (in shares) | shares	646,197
Options outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 4.78
Options exercisable, shares (in shares) | shares	298,781
Options exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 4.85
Options vested and expected to vest, shares (in shares) | shares	645,861
Options vested and expected to vest, weighted average exercise price (in dollars per share) | $ / shares	$ 4.78

Note 8 - Concentrations of Cr_2

Note 8 - Concentrations of Credit Risk (Details Textual) $ in Millions	3 Months Ended
	Jan. 31, 2021USD ($)	Jan. 31, 2020
Cash, Uninsured Amount	$ 14.3
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member]
Number of Customers	2	2
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Distributors One [Member]
Concentration Risk, Percentage	16.00%	11.00%
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Distributors Two [Member]
Concentration Risk, Percentage	12.00%	11.00%
Revenue from Contract with Customer Benchmark [Member] | Customer Concentration Risk [Member] | Wireless Carrier One [Member]
Number of Customers		1
Concentration Risk, Percentage		17.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Customers	2	2
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Distributors One [Member]
Concentration Risk, Percentage	15.00%	12.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Distributors Two [Member]
Concentration Risk, Percentage	19.00%	12.00%

Note 9 - Segment Information (D

Note 9 - Segment Information (Details Textual)	3 Months Ended
	Jan. 31, 2021
Number of Reportable Segments	2

Note 9 - Segment Information -

Note 9 - Segment Information - Sales by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Net sales	$ 10,002	$ 12,414
UNITED STATES
Net sales	9,379	12,173
CANADA
Net sales	525	116
MEXICO
Net sales		5
All Other Foreign Countries [Member]
Net sales	98	120
Non-US [Member]
Net sales	$ 623	$ 241

Note 9 - Segment Information _2

Note 9 - Segment Information - Net Sales, Income Before Provision for Income Taxes and Other Related Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020
Net sales	$ 10,002	$ 12,414
Income (loss) before (benefit) provision for income taxes	(597)	12
Depreciation and amortization	237	255
Total assets	40,635	39,832	$ 40,822
Corporate, Non-Segment [Member]
Net sales
Income (loss) before (benefit) provision for income taxes	(8)	11
Depreciation and amortization
Total assets	17,766	15,178
RF Connector and Cable Assembly [Member] | Operating Segments [Member]
Net sales	3,575	3,189
Income (loss) before (benefit) provision for income taxes	453	282
Depreciation and amortization	35	42
Total assets	7,667	7,496
Custom Cabling Manufacturing and Assembly [Member] | Operating Segments [Member]
Net sales	6,427	9,225
Income (loss) before (benefit) provision for income taxes	(1,042)	(281)
Depreciation and amortization	202	213
Total assets	$ 15,202	$ 17,158

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020
Increase (Decrease) in Deferred Tax Asset and Income Taxes Payable	$ 700,000
Effective Income Tax Rate Reconciliation, Percent, Total	32.00%	(120.00%)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 134,000		$ 107,000
Unrecognized Tax Benefits, Ending Balance	$ 35,000

Note 11 - Intangible Assets (De

Note 11 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
Amortization of Intangible Assets, Total	$ 157,000	$ 692,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)	5 years 240 days

Note 11 - Intangible Assets - I

Note 11 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Amortizable intangible assets, net	$ 3,024	$ 3,181
Non-amortizable intangible assets, trademarks	1,174	1,174
Noncompete Agreements [Member]
Amortizable intangible assets, gross	423	423
Accumulated amortization	(256)	(245)
Amortizable intangible assets, net	167	178
Customer Relationships [Member]
Amortizable intangible assets, gross	5,058	5,058
Accumulated amortization	(2,483)	(2,367)
Amortizable intangible assets, net	2,575	2,691
Order or Production Backlog [Member]
Amortizable intangible assets, gross	287	287
Accumulated amortization	(287)	(266)
Amortizable intangible assets, net		21
Patents [Member]
Amortizable intangible assets, gross	368	368
Accumulated amortization	(86)	(77)
Amortizable intangible assets, net	$ 282	$ 291

Note 11 - Intangible Assets -_2

Note 11 - Intangible Assets - Intangible Assets (Details) (Parentheticals)	3 Months Ended	12 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
Noncompete Agreements [Member]
Estimated life (Year)	5 years	5 years
Customer Relationships [Member] | Minimum [Member]
Estimated life (Year)	7 years	7 years
Customer Relationships [Member] | Maximum [Member]
Estimated life (Year)	15 years	15 years
Order or Production Backlog [Member] | Minimum [Member]
Estimated life (Year)	1 year	1 year
Order or Production Backlog [Member] | Maximum [Member]
Estimated life (Year)	2 years	2 years
Patents [Member] | Minimum [Member]
Estimated life (Year)	10 years	10 years
Patents [Member] | Maximum [Member]
Estimated life (Year)	14 years	14 years

Note 12 - Commitments (Details

Note 12 - Commitments (Details Textual) - USD ($)	Jan. 31, 2021	Oct. 31, 2020
Lessee, Operating Lease, Renewal Term (Year)	5 years
Operating Lease, Right-of-Use Asset	$ 1,184,000	$ 1,421,000
Operating Lease, Liability, Total	1,266,000
Operating Lease, Liability, Current	789,000	$ 874,000
Finance Lease, Liability, Total	0
Other Current Liabilities [Member]
Operating Lease, Liability, Current	789,000
K and K Unlimited [Member]
Lessee, Operating Lease, Monthly Rent	$ 14,000
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	3 years

Note 12 - Commitments - Operati

Note 12 - Commitments - Operating Lease Expense (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2021USD ($)
Operating lease cost	$ 247
Short-term lease cost

Note 12 - Commitments - Other I

Note 12 - Commitments - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
Right of use assets obtained in exchange for lease obligations operating leases	$ 1,184	$ 1,421
Weighted Average Remaining Lease Term, Operating leases (months) (Month)	1 year 263 days	1 year 328 days
Weighted Average Discount Rate, Operating leases	3.54%	3.54%

Note 12 - Commitments - Future

Note 12 - Commitments - Future Minimum Lease Payments (Details) - USD ($)	Jan. 31, 2021	Oct. 31, 2020
2021 (excluding three months ended January 31, 2021)	$ 667,000
2022	532,000
2023	166,000
2024
2025
Thereafter
Total future minimum lease payments	1,365,000
Less imputed interest	(99,000)
Total	1,266,000
Other current liabilities	789,000	$ 874,000
Operating lease liabilities	477,000	$ 635,000
Finance lease liabilities	0
Total	1,266,000
Other Current Liabilities [Member]
Other current liabilities	$ 789,000

Note 13 - Line of Credit and _3

Note 13 - Line of Credit and PPP Loans (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	May 31, 2020	Nov. 30, 2019	Dec. 30, 2020
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Long-term Debt, Total	$ 2,800
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000
Long-term Line of Credit, Total			$ 0
Revolving Credit Facility [Member] | LIBOR Daily Floating Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		2.00%

Note 13 - Line of Credit and _4

Note 13 - Line of Credit and PPP Loans - Future Minimum Loan Payments (Details) - Paycheck Protection Program CARES Act [Member] $ in Thousands	Jan. 31, 2021USD ($)
2021 (excluding three months ended January 31, 2021)	$ 1,575
2022	1,213
Total future minimum payments	$ 2,788

Note 14 - Cash Dividend and D_2

Note 14 - Cash Dividend and Declared Dividends (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Payments of Ordinary Dividends, Common Stock	$ 0	$ 193,000
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)		$ 0.02

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) $ in Millions	1 Months Ended
	Feb. 28, 2021USD ($)
Paycheck Protection Program CARES Act [Member] | Subsequent Event [Member]
Debt Instrument, Forgiveness Amount	$ 2.8