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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2020
Jan. 31, 2019
OPERATING ACTIVITIES:    
Consolidated net income $ 26 $ 640
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:    
Bad debt expense 4 5
Depreciation and amortization 255 137
Stock-based compensation expense 187 114
Deferred income taxes 62 11
Changes in operating assets and liabilities:    
Trade accounts receivable 6,711 (1,383)
Inventories 638 (1,056)
Other current assets (20) 47
Right of use assets 101 0
Accounts payable (1,295) 402
Accrued expenses (921) (1,318)
Income tax payable (21) 0
Other long-term liabilities (121) 0
Net cash provided by (used in) operating activities 5,606 (2,401)
INVESTING ACTIVITIES:    
Capital expenditures (53) (73)
Purchase of Schrofftech, net of cash acquired ($99) (3,901) 0
Net cash used in investing activities (3,954) (73)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 391 342
Dividends paid (193) (186)
Net cash provided by financing activities 198 156
Net increase (decrease) in cash and cash equivalents 1,850 (2,318)
Cash and cash equivalents of continuing operations, beginning of period 12,540 16,334
Cash and cash equivalents, end of year $ 14,390 $ 14,016