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Business and Credit Concentrations
12 Months Ended
Oct. 31, 2021
Risks and Uncertainties [Abstract]  
Business and Credit Concentrations

(12) Business and Credit Concentrations

Export sales were approximately 4% and 10% of net sales for the years ended October 31, 2021 and 2020, respectively. The principal international markets served by the Company, include Canada, China, Mexico, United Kingdom, India, Korea, Japan, Russia, Saudi Arabia, Singapore, and Brazil. In fiscal 2021, three customers accounted for 17.6%, 4.9% and 4.5% of net sales, respectively, while in fiscal 2020, three customers accounted for 20.0%, 16.5% and 7.0% of net sales, respectively. Three customers accounted for 15.1%, 12.9%, and 6.2% respectively, of the Company’s accounts receivable at October 31, 2021 and three customers accounted for 22.0%, 14.1%, and 13.2%, respectively, of the Company accounts receivable at October 31, 2020.

The Company had cash deposits in banks of $2,512,020 and $3,275,135 above the FDIC insured limit of $250,000 per bank at October 31, 2021 and October 31, 2020 respectively.