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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
May 01, 2021
May 02, 2020
May 01, 2021
May 02, 2020
Income Statement [Abstract]        
Net sales $ 14,742,900 $ 10,202,502 $ 23,814,411 $ 19,646,354
Cost of sales (11,130,215) (7,065,007) (17,704,279) (13,619,010)
Gross profit 3,612,685 3,137,495 6,110,132 6,027,344
Selling, general and administrative expenses (1,550,513) (1,222,628) (2,823,894) (2,478,772)
Operating income 2,062,172 1,914,867 3,286,238 3,548,572
Other income (loss):        
Interest income 52,474 84,273 83,130 186,156
Undistributed earnings in joint venture - Majestic 21 12,049 20,398 25,757 40,270
Proceeds received under escrow arrangement   189,285 45,868 272,394
Increase (decrease) in fair value of equity investment 123,803 (176,733) 203,759 (180,526)
Miscellaneous 17,945 8,649 25,265 19,594
Total other income 206,271 125,872 383,779 337,888
Income before provision for income taxes 2,268,443 2,040,739 3,670,017 3,886,460
Income tax expense (543,505) (490,735) (879,314) (936,315)
Net income $ 1,724,938 $ 1,550,004 $ 2,790,703 $ 2,950,145
Weighted average number of shares outstanding:        
Basic 3,632,195 3,632,614 3,632,060 3,646,000
Diluted 3,642,501 3,633,933 3,638,140 3,647,329
Net income per share:        
Basic $ 0.47 $ 0.43 $ 0.77 $ 0.81
Diluted $ 0.47 $ 0.43 $ 0.77 $ 0.81