Basis of Presentation and Significant Accounting Policy (Tables)

3 Months Ended

Jan. 31, 2020

Accounting Policies [Abstract]

Summary of Black Scholes Assumptions

The following assumptions were used as inputs to the Black Scholes option pricing model to estimate the fair value of option granted during the quarter ended July 31 2019 which are currently being expensed over the requisite service period:

Expected Life	10 years
Risk free interest rate	2.42% ˗ 2.57	%
Expected volatility	43.0% ˗ 64.2	%
Expected dividend yield	0	%
Forfeiture rate	0	%

Schedule of Operating Leases

The following summarizes the Company’s operating leases:

	January 31, 2020
Right-of-use operating lease assets	$	2,405,061
Current lease liability	$	483,042
Non-current lease liability	$	2,104,974

	January 31, 2020
Average remaining lease term		4.0
Discount rate		4.75	%

Schedule of Operating Lease Maturities

Maturities of lease liabilities by year for our operating leases are as follows:

2020	$	448,757
2021		547,788
2022		529,320
2023		531,807
2024		316,477
2025		168,288
2026		168,288
2027		168,288
2028		98,170
Total lease payments	$	2,977,183
Less: imputed interest		(389,167	)
Present value of operating lease liabilities	$	2,588,016