|
Balance Sheets (USD $)
|
Apr. 30, 2013
|
Oct. 31, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 1,517,702 |
$ 1,719,140 |
| Accounts receivable, net of allowance for doubtful accounts of $65,764 at April 30, 2013 and October 31, 2012 |
889,976 |
1,435,793 |
| Inventories |
4,459,013 |
4,195,551 |
| Prepaid expense and other current assets |
106,683 |
128,453 |
| Deferred income taxes |
151,259 |
151,259 |
| Total current assets |
7,124,633 |
7,630,196 |
| Property, plant and equipment, at cost: |
2,975,717 |
2,871,755 |
| Less: accumulated depreciation |
1,910,514 |
1,843,014 |
| Net property, plant and equipment |
1,065,203 |
1,028,741 |
| Other assets: |
|
|
| Other assets |
1,396 |
5,000 |
| Deferred income taxes |
242 |
242 |
| Total other assets |
1,638 |
5,242 |
| TOTAL ASSETS |
8,191,474 |
8,664,179 |
| Current liabilities: |
|
|
| Accounts payable |
861,277 |
706,255 |
| Accrued liabilities |
289,287 |
456,313 |
| Current portion of deferred compensation |
|
17,211 |
| Customer deposits |
412,511 |
984,962 |
| Total current liabilities |
1,563,075 |
2,164,741 |
| Total liabilities |
1,563,075 |
2,164,741 |
| Commitments and contingencies (Note 8) |
|
|
| Stockholders' equity: |
|
|
| Preferred stock, par value $.0001, 10,000,000 shares authorized, none issued |
|
|
| Common stock, par value $.01, 25,000,000 shares authorized; 6,429,875 shares issued at April 30, 2013 and October 31, 2012 |
64,299 |
64,299 |
| Additional paid-in capital |
6,419,687 |
6,419,687 |
| Retained earnings |
825,823 |
696,862 |
| Total stockholders' equity before treasury stock |
7,309,809 |
7,180,848 |
| Less: Treasury stock, 1,245,980 shares at April 30, 2013 and October 31, 2012, at cost |
(681,410) |
(681,410) |
| Total stockholders' equity |
6,628,399 |
6,499,438 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 8,191,474 |
$ 8,664,179 |