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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
OPERATING ACTIVITIES:    
Consolidated net income $ 226 $ 4,442
Adjustments to reconcile net income to net cash used in operating activities:    
Bad debt expense 6 0
Depreciation and amortization 618 414
Stock-based compensation expense 307 260
Amortization of debt issuance cost 1 0
Tax payments related to shares cancelled for vested restricted stock awards (16) (11)
Deferred income taxes 64 836
PPP Loan and interest forgiveness 0 (2,807)
Changes in operating assets and liabilities:    
Trade accounts receivable 1,692 (694)
Inventories (3,987) (987)
Other current assets (1,026) (2,824)
Right of use assets (25) (14)
Other long-term assets (363) 0
Accounts payable (1,579) (238)
Accrued expenses 2,443 684
Income taxes payable 0 (43)
Other long-term liabilities 0 (370)
Net cash used in operating activities (1,639) (1,352)
INVESTING ACTIVITIES:    
Capital expenditures (268) (168)
Purchase of company, net of cash acquired (24,217) 0
Net cash used in investing activities (24,485) (168)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 57 485
Debt issuance cost (32) 0
Net cash provided by financing activities 16,823 485
Net decrease in cash and cash equivalents (9,301) (1,035)
Cash and cash equivalents, beginning of period 13,053 15,797
Cash and cash equivalents, end of period 3,752 14,762
Supplemental cash flow information – income taxes paid 340 28
Term Loan [Member]    
FINANCING ACTIVITIES:    
Term Loan payments (202) 0
Term Loan $ 17,000 $ 0