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Condensed Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Net sales:        
Equipment $ 1,937,971 $ 1,676,414 $ 4,648,093 $ 5,535,104
Parts and service 727,267 730,710 2,042,349 2,255,827
Total net sales 2,665,238 2,407,124 6,690,442 7,790,931
Cost of sales 2,285,480 2,072,365 5,981,049 6,790,950
Gross profit 379,758 334,759 709,393 999,981
Operating expense:        
Selling expense 217,565 157,323 470,542 410,342
Administrative expense 236,163 217,105 650,086 654,051
Total operating expense 453,728 374,428 1,120,628 1,064,393
Operating loss (73,970) (39,669) (411,235) (64,412)
Other income:        
Interest income 1,676 2,662 12,870 4,482
Other income 10,500 175,841 10,500 175,841
Total other income 12,176 178,503 23,370 180,323
(Loss) income before income taxes (61,794) 138,834 (387,865) 115,911
Income tax benefit (14,000) 34,000 (92,000) 28,000
Net (loss) income $ (47,794) $ 104,834 $ (295,865) $ 87,911
(Loss) income per share, basic and diluted $ (0.01) $ 0.02 $ (0.06) $ 0.02
Weighted average number of shares outstanding 5,183,895 5,183,895 5,183,895 5,183,895