International Baler (IBAL) 10-Q 9 Sep 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2021	Sep. 09, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--10-31
Entity File Number	0-14443
Entity Registrant Name	INTERNATIONAL BALER CORPORATION
Entity Central Index Key	0000781902
Entity Tax Identification Number	13-2842053
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5400 Rio Grande Avenue
Entity Address, City or Town	Jacksonville
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32254
City Area Code	904
Local Phone Number	358-3812
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,183,894

CONDENSED BALANCE SHEETS (Unaud

CONDENSED BALANCE SHEETS (Unaudited) - USD ($)	Jul. 31, 2021	Oct. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,656,132	$ 2,626,221
Certificate of deposit	1,012,960	1,011,824
Accounts receivable, net of allowance for doubtful accounts of $66,000 at July 31, 2021 and $6,000 at October 31, 2020	652,545	788,234
Inventories	4,066,772	4,254,880
Prepaid expense and other current assets	192,092	92,195
Income taxes receivable	332,815	332,815
Total current assets	8,913,316	9,106,169
Property, plant and equipment, at cost:	4,534,247	4,440,561
Less: accumulated depreciation	3,330,764	3,161,864
Net property, plant and equipment	1,203,483	1,278,697
Other assets
Deferred income taxes	221,890	77,890
Total other assets	221,890	77,890
TOTAL ASSETS	10,338,689	10,462,756
Current liabilities:
Accounts payable	294,172	480,278
Accrued liabilities	345,127	377,898
Customer deposits	1,105,912	526,725
Total current liabilities	1,745,211	1,384,901
Long term debt	0	626,466
Total liabilities	1,745,211	2,011,367
Stockholders' equity:
Preferred stock, par value $.0001,10,000,000 shares authorized, none issued	0	0
Common stock, par value $.01, 25,000,000 shares authorized;6,429,875 shares issued	64,299	64,299
Additional paid-in capital	6,419,687	6,419,687
Retained earnings	2,790,902	2,648,813
Less:Treasury stock, 1,245,980 shares, at cost	(681,410)	(681,410)
Total stockholders' equity	8,593,478	8,451,389
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 10,338,689	$ 10,462,756

CONDENSED BALANCE SHEETS (Una_2

CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jul. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance for doubtful accounts	$ 66,000	$ 6,000
Preferred stock, par value	$ 1	$ 1
Preferred stock, share authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	6,429,875	6,429,875
Treasury stock, shares	1,245,980	1,245,980

CONDENSED STATEMENTS OF INCOME

CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Net sales:
Equipment	$ 1,837,914	$ 1,937,971	$ 5,053,158	$ 4,648,093
Parts and service	885,858	727,267	2,658,529	2,042,349
Total net sales	2,723,772	2,665,238	7,711,687	6,690,442
Cost of sales	2,609,468	2,285,480	6,986,127	5,981,049
Gross profit	114,304	379,758	725,560	709,393
Operating expense:
Selling expense	209,851	217,565	491,530	470,542
Administrative expense	357,321	236,163	865,862	650,086
Total operating expense	567,172	453,728	1,357,392	1,120,628
Operating loss	(452,868)	(73,970)	(631,832)	(411,235)
Other income:
Interest income	1,664	1,876	3,455	12,870
Gain on extinguishment of debt	0	10,500	626,466	10,500
Total other income	1,664	12,376	629,921	23,370
Loss income before income taxes	(451,204)	(61,594)	(1,911)	(387,865)
Income tax benefit	(108,000)	(14,000)	(144,000)	(92,000)
Net (loss) income	$ (343,204)	$ (47,594)	$ 142,089	$ (295,865)
(Loss) income per share, basic and diluted	$ (0.07)	$ (0.01)	$ 0.03	$ (0.06)
Weighted average number of shares outstanding	5,183,895	5,183,895	5,183,895	5,183,895

CONDENSED STATEMENTS OF STOCKHO

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Beginning balance, value at Oct. 31, 2019	$ 64,299	$ 6,419,687	$ 3,057,228	$ (681,410)	$ 8,859,804
Beginning Balace, Shares at Oct. 31, 2019	6,429,875			1,245,980
Net loss			(184,481)		(184,481)
Ending balance, value at Jan. 31, 2020	$ 64,299	6,419,687	2,872,747	$ (681,410)	8,675,323
End Balance, Shares at Jan. 31, 2020	6,429,875			1,245,980
Net loss			(63,590)		(63,590)
Ending balance, value at Apr. 30, 2020	$ 64,299	6,419,687	2,809,157	$ (681,410)	8,611,733
End Balance, Shares at Apr. 30, 2020	6,429,875			1,245,980
Net loss			(47,794)		(47,794)
Ending balance, value at Jul. 31, 2020	$ 64,299	6,419,687	2,761,363	$ (681,410)	8,563,939
End Balance, Shares at Jul. 31, 2020	6,429,875			1,245,980
Beginning balance, value at Oct. 31, 2020	$ 64,299	6,419,687	2,648,813	$ (681,410)	8,451,389
Beginning Balace, Shares at Oct. 31, 2020	6,429,875			1,245,980
Net loss			489,339		489,339
Ending balance, value at Jan. 31, 2021	$ 64,299	6,419,687	3,138,152	$ (681,410)	8,940,728
End Balance, Shares at Jan. 31, 2021	6,429,875			1,245,980
Net loss			(4,046)		(4,046)
Ending balance, value at Apr. 30, 2021	$ 64,299	6,419,687	3,134,106	$ (681,410)	8,936,682
End Balance, Shares at Apr. 30, 2021	6,429,875			1,245,980
Net loss			(343,204)		(343,204)
Ending balance, value at Jul. 31, 2021	$ 64,299	$ 6,419,687	$ 2,790,902	$ (681,410)	$ 8,593,478
End Balance, Shares at Jul. 31, 2021	6,429,875			1,245,980

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Cash flow from operating activities:
Net income (loss)	$ 142,089	$ (295,865)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on extinguishment of debt	(626,466)
Depreciation and amortization	168,900	161,400
Deferred income tax	(144,000)
Provision for doubtful accounts	60,000
Gain on sale of fixed assets		(10,500)
Changes in operating assets and liabilities:
Accounts receivable	75,689	(49,888)
Inventories	188,108	(215,566)
Prepaid expenses and other assets	(99,897)	(55,935)
Income taxes receivable		(89,532)
Accounts payable	(186,106)	(64,164)
Accrued liabilities	(32,771)	108,713
Customer deposits	579,187	(147,592)
Net cash provided by (used in) operating activities	124,733	(658,929)
Cash flows from investing activities:
Purchase of property and equipment	(93,686)	(179,666)
Proceeds received on sale of fixed assets		10,500
Interest earned on certificates of deposit	(1,136)	(7,826)
Net cash used in investing activities	(94,822)	(176,992)
Cash flows from financing activities:
Proceeds from PPP loan		626,466
Net cash provided by financing activities		626,466
Net increase (decrease) in cash and cash equivalents	29,911	(209,455)
Cash and cash equivalents at beginning of period	2,626,221	2,714,764
Cash and cash equivalents at end of period	$ 2,656,132	$ 2,505,309

Nature of Business

Nature of Business	9 Months Ended
	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	1. Nature of Business International Baler Corporation (the “Company”) is a manufacturer of baling equipment which is designed to compress a variety of materials into bales for easier handling, shipping, disposal, storage, and for recycling. Materials commonly baled include scrap metal, corrugated boxes, newsprint, aluminum cans, plastic bottles, and other solid waste. More sophisticated applications include baling of textile materials, fibers and synthetic rubber. The Company offers a wide variety of balers, standard models as well as custom models, and conveyors to meet specific customer requirements. The Company’s customers include recycling facilities, distribution centers, textile mills, and companies which generate the materials for baling and recycling. The Company sells its products worldwide with annual sales outside the United States typically ranging from 10% to 35%.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	2. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X. Accordingly, they do not include all the information in footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the three-month period ended July 31, 2021 are not necessarily indicative of the results that may be expected for the year ending October 31, 2021. The accompanying balance sheet as of October 31, 2020 was derived from the audited financial statements as of October 31, 2020. These unaudited condensed financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended October 31, 2020. The Company is closely monitoring ongoing developments in connection with the COVID-19 global pandemic, which has had an adverse impact on sales as many customers are holding off purchasing new equipment. As of date of this report, the COVID-19 pandemic has not materially adversely impacted our capital and financial resources. Due to the economic uncertainty that has resulted from the pandemic, and the potential impact of such to our stakeholders, we are unable to predict with certainty any potential impacts to our business. Additionally, because we are unable to determine the ultimate severity or duration of the outbreak or its long-term effects on, among other things, the global, national or local economies, the capital and credit markets, our workforce, our customers or our suppliers, at this time we are unable to predict the adverse extent that the COVID-19 crisis will have on our business, financial condition, liquidity and results of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. Summary of Significant Accounting Policies (a) Accounts Receivable & Allowance for Doubtful Accounts Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable. The Company reviews its allowance for doubtful accounts monthly including the analysis of historical trends, customer credit worthiness and the aging of receivables. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. (b) Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined by a method that approximates the first-in, first-out method. Work in process and finished goods are valued based on underlying costs to manufacture balers which include direct materials, direct and indirect labor, and overhead. The Company reviews inventory for obsolescence on a regular basis. (c) Warranties and Service The Company typically warrants its products for one (1) year from the date of sale as to materials, three (3) years for structural damage and six (6) months as to labor, and offers services for other required repairs and maintenance. Service is rendered by repairing or replacing parts at the Company’s Jacksonville, Florida facility, by on-site service provided by Company personnel who are based in Jacksonville, Florida or by local service agents who are engaged as needed. The Company maintains an accrued liability for expected warranty claims. The warranty accrual is based on historical warranty costs, the quantity and types of balers currently under warranty, and known warranty issues. Following is a tabular reconciliation of the changes in the warranty accrual for the nine-month period ended July 31: Warranty Accrual 2021 2020 Beginning balance $ 40,000 $ 60,000 Warranty service provided (115,794 ) (86,686 ) New product warranties 101,063 46,480 Changes to pre-existing warranty accruals 14,731 20,206 Ending balance $ 40,000 $ 40,000 (d) Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, short term certificates of deposit, accounts receivable, accounts payable, accrued liabilities, and customer deposits, approximate their fair value due to the short-term nature of these assets and liabilities. (e) Advertising Expenses Advertising costs are expensed as incurred. Advertising expense was $ 108,235 96,885 (f) Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements: Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs and any not listed below were assessed and determined to be applicable or are expected to have a minimal impact on the Company’s condensed financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases,

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	4. Revenue from Contracts with Customers a) Overview The Company recognizes revenues from the sale of finished products upon shipment and the transfer of control to the customer. The other elements may include installation and, generally, a one-year warranty. Equipment installation revenue is valued based on estimated service person hours to complete installation and is recognized when the labor has been completed and the equipment has been accepted by the customer, which is generally within a couple days of the delivery of the equipment. Warranty revenue, if sold separately, is valued based on estimated service person hours to complete a service and generally is recognized over the contract period. Revenue from service plans is recognized over time based on the term of the service agreement. All other product sales with customer specific acceptance provisions are recognized at a point in time upon customer acceptance and the delivery of the parts or service. Revenues related to spare part sales are recognized upon shipment or delivery based on the trade terms. Generally, pricing is fixed with payment terms of thirty days after shipment. The majority of the Company’s contracts have short duration and a single performance obligation to deliver a configured to order baler and related equipment to the customer. The Company has elected to expense shipping and handling costs as incurred. In the first nine months ended on July 31, 2021 deferred revenue of $ 382,557 b) Disaggregation of Revenue Disaggregated revenue is by primary geographic market is as follows: Disaggregated revenue Nine Months Ended July 31 Equipment Revenue by Geographic Area 2021 2020 United States $ 7,453,576 $ 6,446,678 International 258,111 243,764 Total $ 7,711,687 $ 6,690,442

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jul. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions Avis Industrial Corporation (Avis) controls over 80 100 no

Inventories

Inventories	9 Months Ended
	Jul. 31, 2021
Inventory Disclosure [Abstract]
Inventories	6. Inventories Inventories consisted of the following: Inventories July 31, 2021 October 31, 2020 Raw materials $ 2,144,051 $ 2,155,664 Work in process 1,598,918 1,725,596 Finished goods 323,803 373,620 Inventories $ 4,066,772 $ 4,254,880

Debt

Debt	9 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
Debt	7. Debt The Company has a $ 1,000,000 The line of credit allows the Company to borrow at an interest rate equal to the Wall Street Journal prime rate minus 0.95%, adjusting daily. The line of credit is secured by all assets of the Company and expires on May 15, 2022. no On April 16, 2020 the Company received a $ 626,466 2 1.00

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes Tax assets are recognized in the balance sheet if it is more likely than not that they will be realized on future tax returns. Factors considered include historical results of operations, volatility of the economic conditions and projected earnings based on current operations. Based on this evidence, it is more likely than not that the deferred tax assets would be realized. Accordingly, there is no valuation allowance as of July 31, 2021 and at October 31, 2020. However, if it is determined that all or part of the deferred tax assets will not be used in the future, an adjustment to the deferred tax assets would be charged against net income in the period such determination is made. As of July 31, 2021 and October 31, 2020, net deferred tax assets were $ 77,890 The Company records interest related to unrecognized tax benefits in interest expense and penalties in selling, general, and administrative expenses.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Company, in the ordinary course of business, is subject to claims made, and from time to time is named as a defendant in legal proceedings relating to the sales of its products. The Company believes that the reserves reflected in its financial statements are adequate to pay losses and loss adjustment expenses which may result from such claims and proceedings; however, such estimates may be more or less than the amount ultimately paid when the claims are settled. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations, or liquidity. On December 1, 2017 the Company was served with a complaint related to an injury to an employee working at Integrated Coating and Seed Technology Inc., (INCOTEC). The employee was operating a baler manufactured by the Company in 1994. The injury occurred on December 4, 2015. The plaintiff is Star Insurance Company. The Company’s insurer settled this claim in March 2020. The Company’s liability on this settlement of the claim was $ 20,645 On March 22, 2021, the Company was served with a complaint related to an injury to an employee working at a Stericycle facility in North Little Rock, Arkansas. The employee was working on a baler manufactured by the Company in 2003. The employee suffered an injury to his left hand on April 10, 2018. The plaintiff is Scott Tinsley, the injured employee. The Company’s insurance policy related to this complaint has a deductible of $ 20,000 On July 27, 2021, the Company was served with a complaint related to an injury to an employee working at Mackay Mitchell Envelope Company in Mount Pleasant, Iowa. On August 10, 2019, the employee, Xaisavath Phanthouvong, was working on a baler manufactured by the Company in 1996. The employee suffered a serious injury to his left hand. The Company’s insurance policy related to this complaint has no deductible and the Company does not expect to incur any significant expenses related to this claim.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Accounts Receivable & Allowance for Doubtful Accounts	(a) Accounts Receivable & Allowance for Doubtful Accounts Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable. The Company reviews its allowance for doubtful accounts monthly including the analysis of historical trends, customer credit worthiness and the aging of receivables. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.
Inventories	(b) Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined by a method that approximates the first-in, first-out method. Work in process and finished goods are valued based on underlying costs to manufacture balers which include direct materials, direct and indirect labor, and overhead. The Company reviews inventory for obsolescence on a regular basis.
Warranties and Service	(c) Warranties and Service The Company typically warrants its products for one (1) year from the date of sale as to materials, three (3) years for structural damage and six (6) months as to labor, and offers services for other required repairs and maintenance. Service is rendered by repairing or replacing parts at the Company’s Jacksonville, Florida facility, by on-site service provided by Company personnel who are based in Jacksonville, Florida or by local service agents who are engaged as needed. The Company maintains an accrued liability for expected warranty claims. The warranty accrual is based on historical warranty costs, the quantity and types of balers currently under warranty, and known warranty issues. Following is a tabular reconciliation of the changes in the warranty accrual for the nine-month period ended July 31: Warranty Accrual 2021 2020 Beginning balance $ 40,000 $ 60,000 Warranty service provided (115,794 ) (86,686 ) New product warranties 101,063 46,480 Changes to pre-existing warranty accruals 14,731 20,206 Ending balance $ 40,000 $ 40,000
Fair Value of Financial Instruments	(d) Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, short term certificates of deposit, accounts receivable, accounts payable, accrued liabilities, and customer deposits, approximate their fair value due to the short-term nature of these assets and liabilities.
Advertising Expenses	(e) Advertising Expenses Advertising costs are expensed as incurred. Advertising expense was $ 108,235 96,885
Recent Accounting Pronouncements	(f) Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements: Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs and any not listed below were assessed and determined to be applicable or are expected to have a minimal impact on the Company’s condensed financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases,

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jul. 31, 2021
Accounting Policies [Abstract]
Warranty Accrual	Warranty Accrual 2021 2020 Beginning balance $ 40,000 $ 60,000 Warranty service provided (115,794 ) (86,686 ) New product warranties 101,063 46,480 Changes to pre-existing warranty accruals 14,731 20,206 Ending balance $ 40,000 $ 40,000

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregated revenue	Disaggregated revenue Nine Months Ended July 31 Equipment Revenue by Geographic Area 2021 2020 United States $ 7,453,576 $ 6,446,678 International 258,111 243,764 Total $ 7,711,687 $ 6,690,442

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories July 31, 2021 October 31, 2020 Raw materials $ 2,144,051 $ 2,155,664 Work in process 1,598,918 1,725,596 Finished goods 323,803 373,620 Inventories $ 4,066,772 $ 4,254,880

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Warranty Accrual (Details) - USD ($)	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Accounting Policies [Abstract]
Beginning balance	$ 40,000	$ 60,000
Warranty service provided	(115,794)	(86,686)
New product warranties	101,063	46,480
Changes to pre-existing warranty accruals	14,731	20,206
Ending balance	$ 40,000	$ 40,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Accounting Policies [Abstract]
Advertising expense	$ 108,235	$ 96,885

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregated revenue (Details) - USD ($)	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Equipment Revenue by Geographic Area
Total	$ 7,711,687	$ 6,690,442
United States
Equipment Revenue by Geographic Area
Total	7,453,576	6,446,678
International
Equipment Revenue by Geographic Area
Total	$ 258,111	$ 243,764

Revenue from Contracts with C_4

Revenue from Contracts with Customers (Details Narrative)	Jul. 31, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 382,557

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Related Party Transaction [Line Items]
Sales	$ 2,723,772	$ 2,665,238	$ 7,711,687	$ 6,690,442
The American Baler [Member]
Related Party Transaction [Line Items]
Sales			0	0
Harris Waste Management [Member]
Related Party Transaction [Line Items]
Sales			$ 0	$ 0
Undivided Interest Boren [Member]
Related Party Transaction [Line Items]
Percentage of Ownership	80.00%		80.00%
Undivided Interest Avis [Member]
Related Party Transaction [Line Items]
Percentage of Ownership	100.00%		100.00%

Inventories - Inventories (Deta

Inventories - Inventories (Details) - USD ($)	Jul. 31, 2021	Oct. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 2,144,051	$ 2,155,664
Work in process	1,598,918	1,725,596
Finished goods	323,803	373,620
Inventories	$ 4,066,772	$ 4,254,880

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
	Apr. 16, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020
Short-term Debt [Line Items]
Line of Credit Agreement		$ 1,000,000
Interest Rate Terms		The line of credit allows the Company to borrow at an interest rate equal to the Wall Street Journal prime rate minus 0.95%, adjusting daily. The line of credit is secured by all assets of the Company and expires on May 15, 2022.
Proceeds from loan	$ 626,466		$ 626,466
Term	2 years
Interest rate	1.00%
Line of Credit [Member]
Short-term Debt [Line Items]
Outstanding balance		$ 0		$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Jul. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Net deferred tax assets	$ 77,890	$ 77,890

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	9 Months Ended
	Jul. 31, 2021	Mar. 22, 2021
Commitments and Contingencies Disclosure [Abstract]
Settlement of claim	$ 20,645
Reimbursement from insurance claim		$ 20,000