Note 6. Other Current Assets
Other current assets as of April 30, 2018 and October 31, 2017 consisted of the following:
|
|
|
April 30, |
|
|
October 31, |
|
|
|
|
2018 |
|
|
2017 |
|
|
Advance payments to vendors (1) |
|
$ |
2,714 |
|
|
$ |
1,035 |
|
|
Deferred finance costs (2) |
|
|
129 |
|
|
|
129 |
|
|
Prepaid expenses and other (3) |
|
|
5,095 |
|
|
|
5,407 |
|
|
Other current assets |
|
$ |
7,938 |
|
|
$ |
6,571 |
|
|
(1) |
Advance payments to vendors relate to payments for inventory purchases ahead of receipt. |
|
(2) |
Represents the current portion of direct deferred finance costs that relate primarily to securing the $40.0 million loan facility with NRG which is being amortized over the five-year life of the facility. |
|
(3) |
Primarily relates to other prepaid expenses including insurance, rent and lease payments. |
|