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Basis of Presentation and Significant Accounting Policies (Policies)
6 Months Ended
Apr. 30, 2021
Accounting Policies [Abstract]  
Revenue Recognition

Revenue Recognition

 

The Company recognizes revenue in accordance with the five-step model as prescribed by the Financial Accounting Standards Board (“FASB”) Accounting Codification (“ASC”) Topic 606 (“ASC 606”) in which the Company evaluates the transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or services. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

 The following table presents revenues by stream for the six and three months ended April 30, 2021 and 2020.

 

   

Six Months Ended

April 30, 2021

   

Three Months

Ended

April 30, 2021

   

Six Months Ended

April 30, 2020

   

Three Months

Ended

April 30, 2020

 
Green   $ 12,050,777     $ 5,446,902     $ 12,688,131     $ 5,902,555  
Packaged   $ 20,551,618     $ 9,021,656     $ 26,693,246     $ 14,193,321  
Totals   $ 32,602,395     $ 14,468,558     $ 39,381,377     $ 20,095,876