LEASES (Tables)

3 Months Ended

Jan. 31, 2022

Leases

SCHEDULE OF OPERATING LEASES

The following summarizes the Company’s operating leases:

	2022		2021
Right-of-use operating lease assets	$	3,443,105	$	3,545,786
Current lease liability		311,475		340,400
Non-current lease liability		3,239,638		3,299,784
Total lease liability	$	3,551,113	$	3,640,184

Weighted average remaining lease term	11.1
Weighted average discount rate	4.9	%

 

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS

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

2022	$	450,732
2023		492,385
2024		474,670
2025		354,528
2026		360,108
Thereafter		2,701,088
Total lease payments	$	4,833,511
Less: imputed interest		(1,282,398	)
Present value of operating lease liabilities	$	3,551,113