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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2022
Oct. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 5,086 $ 13,053
Trade accounts receivable, net of allowance for doubtful accounts of $124 and $87, respectively 16,161 13,523
Inventories 19,161 11,179
Other current assets 6,647 2,893
TOTAL CURRENT ASSETS 47,055 40,648
Property and equipment:    
Equipment and tooling 4,353 3,986
Furniture and office equipment 1,347 1,086
Property, Plant and Equipment, Gross, Ending Balance 5,700 5,072
Less accumulated depreciation 4,669 4,364
Total property and equipment, net 1,031 708
Operating lease right of use assets, net 13,967 1,453
Goodwill 7,682 2,467
Amortizable intangible assets, net 15,728 2,739
Non-amortizable intangible assets 1,174 1,174
Deferred tax assets 263 389
Other assets 295 70
TOTAL ASSETS 87,195 49,648
CURRENT LIABILITIES    
Accounts payable 6,050 3,504
Accrued expenses 6,913 5,034
Current portion of operating lease liabilities 1,576 832
TOTAL CURRENT LIABILITIES 16,963 9,370
Operating lease liabilities 15,263 675
TOTAL LIABILITIES 45,966 10,045
STOCKHOLDERS' EQUITY    
Common stock - authorized 20,000,000 shares of $0.01 par value; 10,156,191 and 10,058,571 shares issued and outstanding at July 31, 2022 and October 31, 2021, respectively 102 101
Additional paid-in capital 24,929 24,301
Retained earnings 16,198 15,201
TOTAL STOCKHOLDERS' EQUITY 41,229 39,603
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 87,195 49,648
Term Loan [Member]    
CURRENT LIABILITIES    
Current portion of Term Loan 2,424 0
Term Loan, net of debt issuance cost $ 13,740 $ 0