Formation of Subsidiary (Tables)

12 Months Ended

Oct. 31, 2017

Formation Of Subsidiary

Schedule of Fair value of Assets and Liabilities Assumed at Acquisition

The following table summarizes the estimated fair value of the assets and liabilities assumed at acquisition:      

Assets acquired:
Accounts receivable	$	84,142
Inventory		269,565
Equipment		40,000
Customer list		120,000
Goodwill		577,905
Less: liabilities assumed		(72,044	)
Net assets acquired:	$	1,019,568
Purchase of assets funded by:
Cash paid	$	819,564
Redeemable Common Stock		200,004
	$	1,019,568