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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2022
Oct. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 3,752 $ 13,053
Trade accounts receivable, net of allowance for doubtful accounts of $117 and $87, respectively 14,706 13,523
Inventories 19,168 11,179
Other current assets 3,926 2,893
TOTAL CURRENT ASSETS 41,552 40,648
Property and equipment:    
Equipment and tooling 4,326 3,986
Furniture and office equipment 1,214 1,086
Property, Plant and Equipment, Gross, Ending Balance 5,540 5,072
Less accumulated depreciation 4,559 4,364
Total property and equipment, net 981 708
Operating lease right of use assets, net 1,568 1,453
Goodwill 7,457 2,467
Amortizable intangible assets, net 14,456 2,739
Non-amortizable intangible assets 2,874 1,174
Deferred tax assets 325 389
Other assets 434 70
TOTAL ASSETS 69,647 49,648
CURRENT LIABILITIES    
Accounts payable 3,008 3,504
Accrued expenses 8,097 5,034
Current portion of operating lease liabilities 1,073 832
TOTAL CURRENT LIABILITIES 14,602 9,370
Operating lease liabilities 524 675
TOTAL LIABILITIES 29,470 10,045
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,118,685 and 10,058,571 shares issued and outstanding at April 30, 2022 and October 31, 2021, respectively 102 101
Additional paid-in capital 24,648 24,301
Retained earnings 15,427 15,201
TOTAL STOCKHOLDERS' EQUITY 40,177 39,603
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 69,647 49,648
Term Loan [Member]    
CURRENT LIABILITIES    
Current portion of Term Loan 2,424 0
Term Loan, net of debt issuance costs $ 14,344 $ 0