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Condensed Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2020
Oct. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,231,176 $ 2,714,764
Certificate of deposit 1,010,169 1,003,389
Accounts receivable, net of allowance for doubtful accounts of $6,000 at April 30, 2020 and $15,000 at October 31, 2019 733,214 644,915
Inventories 4,341,746 4,119,057
Prepaid expense and other current assets 216,641 77,858
Total current assets 9,532,946 8,559,983
Property, plant and equipment, at cost 4,413,356 4,336,733
Less: accumulated depreciation 3,133,313 3,026,513
Net property, plant and equipment 1,280,043 1,310,220
Other assets:    
Deferred income taxes 161,122 161,122
Total other assets 161,122 161,122
TOTAL ASSETS 10,974,111 10,031,325
Current liabilities:    
Accounts payable 607,938 329,618
Accrued liabilities 61,210 185,334
Customer deposits 1,066,764 656,569
Total current liabilities 1,735,912 1,171,521
Notes payable 626,466 0
Total liabilities 2,362,378 1,171,521
Stockholders' equity:    
Preferred stock, par value $.0001, 10,000,000 shares authorized, none issued 0 0
Common stock, par value $.01, 25,000,000 shares authorized; 6,429,875 shares issued 64,299 64,299
Additional paid-in capital 6,419,687 6,419,687
Retained earnings 2,809,157 3,057,228
Total stockholders' equity before treasury stock 9,293,143 9,541,214
Less: Treasury stock, 1,245,980 shares, at cost (681,410) (681,410)
Total stockholders' equity 8,611,733 8,859,804
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,974,111 $ 10,031,325