XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements of Cash Flows (USD $)
12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Cash flow from operating activities:    
Net income $ 714,419us-gaap_NetIncomeLoss $ 683,194us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 143,109us-gaap_DepreciationDepletionAndAmortization 133,221us-gaap_DepreciationDepletionAndAmortization
Provision for doubtful accounts (16,352)us-gaap_ProvisionForDoubtfulAccounts (20,000)us-gaap_ProvisionForDoubtfulAccounts
Deferred income tax 33,427us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 71,878us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Changes in operating assets and liabilities:    
Accounts receivable (1,249,398)us-gaap_IncreaseDecreaseInAccountsReceivable (1,011,094)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 1,171,484us-gaap_IncreaseDecreaseInInventories (1,764,814)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (84,933)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 26,128us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable (516,386)us-gaap_IncreaseDecreaseInAccountsPayable 733,522us-gaap_IncreaseDecreaseInAccountsPayable
Accrued liabilities and deferred taxes 853,889us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 185,572us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Customer deposits 989,978us-gaap_IncreaseDecreaseInCustomerDeposits (307,008)us-gaap_IncreaseDecreaseInCustomerDeposits
Net cash provided by (used in) operating activities 2,039,237us-gaap_NetCashProvidedByUsedInOperatingActivities (1,269,401)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Proceeds from notes receivable from former Director    3,673us-gaap_IncreaseDecreaseInNotesPayableCurrent
Purchase of property and equipment (105,338)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (224,805)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (105,338)us-gaap_NetCashProvidedByUsedInInvestingActivities (221,132)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities    
Payments on notes payable (3,153)us-gaap_RepaymentsOfNotesPayable   
Advances from revolving promissory note 400,000us-gaap_IncreaseDecreaseInInterestPayableNet 1,648,649us-gaap_IncreaseDecreaseInInterestPayableNet
Payments on revolving promissory note (1,404,304)us-gaap_PaymentsOfLoanCosts   
Net cash (used in) provided by financing activities (1,007,457)us-gaap_NetCashProvidedByUsedInFinancingActivities 1,648,649us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 926,442us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 158,116us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 1,877,256us-gaap_CashAndCashEquivalentsAtCarryingValue 1,719,140us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 2,803,698us-gaap_CashAndCashEquivalentsAtCarryingValue 1,877,256us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during period for Interest 35,816us-gaap_InterestPaid 9,195us-gaap_InterestPaid
Cash paid during the period for Income taxes 572,729us-gaap_IncomeTaxesPaidNet   
Supplemental noncash investing activities:    
Purchase of property, plant and equipment, total 146,593us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease   
Vehicle purchased under note payable 41,255IBAL_VehiclePurchasedUnderNotePayable   
Cash paid for property, plant and equipment $ 105,338us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment $ 0us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment