Company: OCC
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001437749-25-019494
Chunk: 25

Company: OPTICAL CABLE CORP
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 25
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 shares.

As of April 30, 2025, the estimated amount of compensation cost related to unvested equity-based compensation awards in the form of service-based and operational performance-based shares that the Company will recognize over a 4.4 year weighted-average period is approximately $853,000.

On May 2, 2025, subsequent to the Company’s fiscal quarter end, the Company granted restricted stock awards totaling 36,228 shares to non-employee Directors under the 2017 Plan. The shares are subject to a one-year vesting period and are part of the non-employee Directors’ annual compensation for service on the Board of Directors.

			(3)

			Allowance for Credit Losses for Trade Accounts Receivable

A summary of changes in the allowance for credit losses for trade accounts receivable for the six months ended April 30, 2025 and 2024 follows:

			Six Months Ended 

			April 30,

			2025

			2024

			Balance at beginning of period

			$
			92,125

			$
			71,189

			Bad debt recovery

			(27,232
			)

			(16,928
			)

			Balance at end of period

			$
			64,893

			$
			54,261

7

OPTICAL CABLE CORPORATION

Condensed Notes to Condensed Consolidated Financial Statements

Six Months Ended April 30, 2025

(Unaudited)

			(4)

			Inventories

Inventories as of April 30, 2025 and October 31, 2024 consist of the following:

			April 30,

			October 31,

			2025

			2024

			Finished goods

			$
			5,440,280

			$
			5,098,148

			Work in process

			4,717,308

			3,724,999

			Raw materials

			8,569,770

			9,562,563

			Production supplies

			330,362

			339,607

			Total

			$
			19,057,720

			$
			18,725,317

			(5) 

			Product Warranties

As of April 30, 2025 and