XML 32 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Tables)
6 Months Ended
Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Leases

The following summarizes the Company’s operating leases:

 

    April 30, 2021  
       
Right-of-use operating lease assets   $ 1,954,072  
         
Current lease liability   $ 500,804  
Non-current lease liability   $ 1,580,684  
Total lease liability     2,081,488  

 

    April 30, 2021  
       
Average remaining lease term     3.2  
Discount rate     4.75 %

 

Schedule of Minimum Future Lease Payments

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

 

2021 (remaining six months)   $ 303,370  
2022     570,854  
2023     546,542  
2024     316,477  
2025     168,288  
Thereafter     434,744  
Total lease payments   $ 2,340,275  
Less: imputed interest     (258,787 )
Present value of operating lease liabilities   $ 2,081,488