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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
May 04, 2019
May 05, 2018
May 04, 2019
May 05, 2018
Income Statement [Abstract]        
Net sales $ 12,742,688 $ 8,922,264 $ 23,782,462 $ 18,568,082
Cost of goods sold (9,296,276) (6,610,958) (17,367,047) (14,039,837)
Gross profit 3,446,412 2,311,306 6,415,415 4,528,245
Selling, general and administrative expenses (1,310,686) (1,119,359) (2,507,858) (2,246,141)
Operating income 2,135,726 1,191,947 3,907,557 2,282,104
Other income:        
Interest income 145,026 81,446 297,469 117,383
Undistributed earnings in joint venture - Majestic 21 21,231 27,266 40,755 50,315
Proceeds received under escrow arrangement 108,119 55,640 212,607 55,640
Gain on sale of assets 15,242 203,512 15,242 203,512
Miscellaneous 13,962 6,850 22,880 12,584
Total other income 303,580 374,714 588,953 439,434
Income before provision for income taxes 2,439,306 1,566,661 4,496,510 2,721,538
Income tax expense (619,581) (431,056) (1,140,979) (569,697)
Net income 1,819,725 1,135,605 3,355,531 2,151,841
Other comprehensive income (loss)        
Unrealized investment gain (loss), net of tax effect 39,172 (67,857) 55,712 (45,510)
Comprehensive income $ 1,858,897 $ 1,067,748 $ 3,411,243 $ 2,106,331
Weighted average number of shares outstanding:        
Basic 3,865,588 3,903,904 3,869,726 3,950,638
Diluted 3,867,802 3,906,077 3,871,943 3,952,650
Net income per share:        
Basic $ 0.47 $ 0.29 $ 0.87 $ 0.54
Diluted $ 0.47 $ 0.29 $ 0.87 $ 0.54