XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Operating activities:    
Consolidated net income $ 2,612,422 $ 773,011
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Bad debt expense 23,705 15,626
Depreciation and amortization 599,824 391,633
Inventory write-downs    92,675
Deferred income taxes (145,311) 16,940
Stock based compensation expense 263,935 312,311
Excess tax benefit from stock based compensation (87,088) (312,325)
Changes in operating assets and liabilities:    
Restricted cash 4,471 (4,451)
Trade accounts receivable (2,584,752) 750,531
Inventories (794,945) (1,228,728)
Income taxes prepaid (payable) 1,269,439 (384,226)
Other current assets (151,923) (43,432)
Other long-term assets (1,614)   
Accounts payable 907,902 (302,843)
Accrued expenses 536,265 210,645
Other long-term liabilities (117,387) (164,523)
Net cash provided by operating activities 2,334,943 122,844
Investing activities:    
Acquisition of business (Cables Unlimited)    (2,800,000)
Purchase of certificates of deposit    (4,647,540)
Maturity of certificates of deposit 4,094,724 6,076,877
Capital expenditures (590,100) (368,205)
Net cash provided by (used in) investing activities 3,504,624 (1,738,868)
Financing activities:    
Proceeds from exercise of stock options 353,791 981,753
Purchases of treasury stock (1,143,243) (102,705)
Principal payments on mortgages payable (19,500) (14,446)
Excess tax benefit from stock based compensation 87,088 312,325
Dividends paid (1,386,751) (2,528,971)
Net cash used in financing activities (2,108,615) (1,352,044)
Net increase (decrease) in cash and cash equivalents 3,730,952 (2,968,068)
Cash and cash equivalents at beginning of year 1,760,816 4,728,884
Cash and cash equivalents at end of year 5,491,768 1,760,816
Supplemental cash flow information    
Income taxes paid 955,000 925,000
Interest paid    28,804
Noncash investing and financing activities:    
Retirement of treasury stock 1,143,243 102,705
Write off of fully depreciated fixed assets 1,108,655   
Stock issuance for acquisition of business (Cables Unlimited)   2,800,000
Assets and liabilities of VIE as of January 25, 2012:    
Restricted cash    66,926
Other current assets 639,954 511,832
Property and equipment, net 1,204,298 2,442,738
Other assets, net 34,658 102,828
Mortgages payable   1,394,230
Net equity 20,230,305 19,678,028
Variable Interest Entity
   
Financing activities:    
Cash and cash equivalents at end of year   420,663
Assets and liabilities of VIE as of January 25, 2012:    
Restricted cash 62,455  
Other current assets 23,801 33,263
Property and equipment, net 1,467,674  
Other assets, net 69,784 70,688
Mortgages payable (1,408,249) 1,394,230
Net equity $ 215,465