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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
OPERATING ACTIVITIES:    
Consolidated net income $ 1,448,000 $ 6,181,000
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:    
Bad debt expense 15,000 29,000
Depreciation and amortization 1,690,000 770,000
Stock-based compensation expense 689,000 769,000
Amortization of debt issuance cost 6,000 0
Tax payments related to shares cancelled for vested restricted stock awards (21,000) (16,000)
Deferred income taxes (1,427,000) 445,000
PPP Loan and interest forgiveness 0 (2,807,000)
Changes in operating assets and liabilities:    
Trade accounts receivable 1,496,000 (7,882,000)
Inventories (6,150,000) (2,592,000)
Other current assets (2,894,000) (2,079,000)
Right of use assets 3,378,000 (35,000)
Other long-term assets (225,000) (1,000)
Accounts payable 1,065,000 2,030,000
Accrued expenses 3,063,000 2,479,000
Income taxes payable 759,000 (43,000)
Other long-term liabilities 0 (370,000)
Net cash provided by (used in) operating activities 2,892,000 (3,122,000)
INVESTING ACTIVITIES:    
Capital expenditures (2,675,000) (227,000)
Net cash used in investing activities (27,117,000) (227,000)
FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 150,000 605,000
Debt issuance cost (32,000) 0
Term Loan payments (1,414,000) 0
Term Loan 17,000,000 0
Net cash provided by financing activities 15,704,000 605,000
Net decrease in cash and cash equivalents (8,521,000) (2,744,000)
Cash and cash equivalents, beginning of period 13,053,000 15,797,000
Cash and cash equivalents, end of period 4,532,000 13,053,000
Supplemental cash flow information – income taxes paid (314,000) 949,000
Schrofftech [Member]    
INVESTING ACTIVITIES:    
Purchase of Microlab, net of cash acquired ($33) $ (24,442,000) $ 0