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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Aug. 06, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 4,498,619 $ 3,841,449
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 129,681 142,224
Deferred income taxes (34,072) 90,011
Undistributed earnings in joint venture - Majestic 21 (40,710) (45,959)
Gain on disposal of property, plant and equipment (88,936)  
Decrease (increase) in fair market value of equity investments 80,796 (203,310)
Stock-based compensation 84,060 53,340
Amortization of operating lease right of use assets 1,597 31,226
Decrease (increase) in:    
Accounts receivable - trade (95,368) (344,629)
Pre-owned homes 635,022 124,292
Inventories (9,991,334) (134,246)
Prepaid expenses and other current assets (493,273) (355,490)
Interest receivable (2,429) (16,223)
Income tax receivable 0 24,414
(Decrease) increase in:    
Accounts payable 389,311 (109,865)
Accrued compensation 277,410 (228,760)
Accrued expenses and other current liabilities 57,384 44,028
Income taxes payable 67,835 0
Customer deposits (1,687,027) 7,251,592
Net cash (used in) provided by operating activities (6,211,434) 10,164,094
Cash flows from investing activities:    
Purchase of property, plant and equipment (859,321) (1,916,288)
Purchase of certificates of deposit (1,944,000)  
Proceeds from certificates of deposit 2,087,936 2,496,000
Proceeds from disposal of property, plant and equipment 96,970  
Collections on interest receivable 5,079 31,620
Collections on mortgage notes receivable 97,298 1,692
Collections (issuance of) on equipment and other notes receivable 25,572 (43,661)
Issuance of mobile home park note receivable (128,733) (72,731)
Increase in cash surrender value of life insurance (128,277) (133,650)
Net cash (used in) provided by investing activities (747,476) 362,982
Cash flows from financing activities:    
Payment of cash dividend (3,532,976) (3,632,100)
Proceeds from exercise of employee stock options 0 15,125
Purchase of treasury stock (5,195,267) (3,478,553)
Reduction of operating lease obligation (1,597) (17,372)
Net cash used in financing activities (8,729,840) (7,112,900)
(Decrease) increase in cash and cash equivalents (15,688,750) 3,414,176
Cash and cash equivalents at beginning of year 36,126,059 30,305,902
Cash and cash equivalents at end of quarter 20,437,309 33,720,078
Supplemental disclosure of cash flows information:    
Income taxes paid 1,365,735 $ 1,112,000
Noncash exercise of employee stock options $ (9,197)