Company: OCC
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001437749-25-019494
Chunk: 17

Company: OPTICAL CABLE CORP
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 17
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OPTICAL CABLE CORPORATION

Condensed Consolidated Balance Sheets

(Unaudited)

			April 30,

			October 31, 

			2025

			2024

			Assets

			Current assets:

			Cash

			$
			894,281

			$
			244,247

			Trade accounts receivable, net of allowance for credit losses of $64,893 at April 30, 2025 and $92,125 at October 31, 2024

			9,112,736

			10,946,215

			Income taxes refundable - current

			—

			5,000

			Other receivables

			16,667

			60,521

			Inventories

			19,057,720

			18,725,317

			Prepaid expenses and other assets

			511,500

			618,940

			Total current assets

			29,592,904

			30,600,240

			Property and equipment, net

			6,674,531

			6,881,357

			Intangible assets, net

			490,333

			513,956

			Other assets, net

			2,315,456

			2,362,458

			Total assets

			$
			39,073,224

			$
			40,358,011

			Liabilities and Shareholders’ Equity

			Current liabilities:

			Current installments of long-term debt

			$
			59,075

			$
			57,184

			Note payable, revolver - current

			6,504,003

			8,321,782

			Accounts payable and accrued expenses

			7,257,090

			5,178,792

			Accrued compensation and payroll taxes

			1,823,601

			1,567,232

			Income taxes payable

			30,824

			18,522

			Total current liabilities

			15,674,593

			15,143,512

			Long-term debt, excluding current installments

			2,540,622

			2,570,791

			Other noncurrent liabilities