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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2021
Oct. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 13,053 $ 15,797
Trade accounts receivable, net of allowance for doubtful accounts of $87 and $66, respectively 13,523 5,669
Inventories 11,179 8,586
Other current assets 2,893 813
TOTAL CURRENT ASSETS 40,648 30,865
Property and equipment:    
Equipment and tooling 3,986 3,819
Furniture and office equipment 1,086 1,073
Property, Plant and Equipment, Gross, Ending Balance 5,072 4,892
Less accumulated depreciation 4,364 4,082
Total property and equipment 708 810
Operating lease right of use assets, net 1,453 1,421
Goodwill 2,467 2,467
Amortizable intangible assets 2,739 3,181
Trademarks 1,174 1,174
Deferred tax assets 389 834
Other assets 70 70
TOTAL ASSETS 49,648 40,822
CURRENT LIABILITIES    
Accounts payable 3,504 1,475
Accrued expenses 5,034 2,573
Current portion of PPP Loan 0 1,699
Income taxes payable 0 43
Other current liabilities 832 874
TOTAL CURRENT LIABILITIES 9,370 6,664
Operating lease liabilities 675 635
PPP Loan 0 1,089
Other long-term liabilities 0 370
TOTAL LIABILITIES 10,045 8,758
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,058,571 and 9,814,118 shares issued and outstanding at October 31, 2021 and October 31, 2020, respectively 101 98
Additional paid-in capital 24,301 22,946
Retained earnings 15,201 9,020
TOTAL STOCKHOLDERS' EQUITY 39,603 32,064
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 49,648 $ 40,822