Company: OCC
Filing Date: 2025-09-11
Form Type: 10-Q
Source: 0001437749-25-028857
Chunk: 8

Company: OPTICAL CABLE CORP
Filing Date: 2025-09-11
Form: 10-Q
Item: Item 1
Chunk 8
---
OPTICAL CABLE CORPORATION

Condensed Consolidated Balance Sheets

(Unaudited)

			July 31,

			October 31, 

			2025

			2024

			Assets

			Current assets:

			Cash

			$
			421,414

			$
			244,247

			Trade accounts receivable, net of allowance for credit lossesof $92,621 at July 31, 2025 and $92,125 at October 31, 2024

			11,077,569

			10,946,215

			Income taxes refundable - current

			3,375

			5,000

			Other receivables

			13,562

			60,521

			Inventories

			18,697,434

			18,725,317

			Prepaid expenses and other assets

			474,750

			618,940

			Total current assets

			30,688,104

			30,600,240

			Property and equipment, net

			6,635,636

			6,881,357

			Intangible assets, net

			489,863

			513,956

			Other assets, net

			2,354,355

			2,362,458

			Total assets

			$
			40,167,958

			$
			40,358,011

			Liabilities, Redeemable Common Stock and Shareholders’ Equity

			Current liabilities:

			Current installments of long-term debt

			$
			2,585,094

			$
			57,184

			Note payable, revolver - current

			6,465,321

			8,321,782

			Accounts payable and accrued expenses

			6,093,819

			5,178,792

			Accrued compensation and payroll taxes

			1,803,596

			1,567,232

			Income taxes payable

			10,792

			18,522

			Total current liabilities

			16,958,622

			15,143,512

			Long-term debt, excluding current installments

			—

			2,570,791