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Condensed Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2020
Oct. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,505,309 $ 2,714,764
Certificate of deposit 1,011,215 1,003,389
Accounts receivable, net of allowance for doubtful accounts of $6,000 at July 31, 2020 and $15,000 at October 31, 2019 694,803 644,915
Inventories 4,334,623 4,119,057
Prepaid expense and other current assets 133,793 77,858
Total current assets 8,679,743 8,559,983
Property, plant and equipment, at cost 4,437,227 4,336,733
Less: accumulated depreciation 3,108,741 3,026,513
Net property, plant and equipment 1,328,486 1,310,220
Other assets:    
Deferred income taxes 161,122 161,122
Total other assets 161,122 161,122
TOTAL ASSETS 10,169,351 10,031,325
Current liabilities:    
Accounts payable 265,454 329,618
Accrued liabilities 204,515 185,334
Customer deposits 508,977 656,569
Total current liabilities 978,946 1,171,521
Notes payable 626,466 0
Total liabilities 1,605,412 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 2,761,363 3,057,228
Total stockholders' equity before treasury stock 9,245,349 9,541,214
Less: Treasury stock, 1,245,980 shares, at cost (681,410) (681,410)
Total stockholders' equity 8,563,939 8,859,804
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,169,351 $ 10,031,325