Company: OCC
Filing Date: 2025-09-11
Form Type: 10-Q
Source: 0001437749-25-028857
Chunk: 17

Company: OPTICAL CABLE CORP
Filing Date: 2025-09-11
Form: 10-Q
Item: Item 1
Chunk 17
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			$
			92,125

			$
			71,189

			Bad debt expense (recovery)

			496

			(447
			)

			Balance at end of period

			$
			92,621

			$
			70,742

			(4)

			Inventories

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

			July 31, 

			October 31,

			2025

			2024

			Finished goods

			$
			5,488,480

			$
			5,098,148

			Work in process

			4,449,031

			3,724,999

			Raw materials

			8,455,917

			9,562,563

			Production supplies

			304,006

			339,607

			Total

			$
			18,697,434

			$
			18,725,317

			(5) 

			Product Warranties

As of July 31, 2025 and October 31, 2024, the Company’s accrual for estimated product warranty claims totaled $105,000 and $65,000, respectively, and is included in accounts payable and accrued expenses. Warranty claims expense for the three months and nine months ended July 31, 2025 totaled $53,088 and $85,029, respectively. Warranty claims expense for the three months and nine months ended July 31, 2024 totaled $9,153 and $60,994, respectively. Warranty claims expense includes certain costs to investigate claims and potential claims, and the costs to replace and/or repair product pursuant to claims, which can include claims not deemed valid by the Company.

7

OPTICAL CABLE CORPORATION

Condensed Notes to Condensed Consolidated Financial Statements

Nine Months Ended July 31, 2025

(Unaudited)

The following table summarizes the changes in the Company’s accrual for product warranties during the nine months ended July 31, 2025 and 2024:

			Nine Months Ended 

			July 31,

			2025

			2024

			Balance at beginning of period

			$
			65,000

			$
			80,