LEASES (Tables)

6 Months Ended

Apr. 30, 2022

Leases

SCHEDULE OF OPERATING LEASES

The following summarizes the Company’s operating leases:

	2022		2021
Right-of-use operating lease assets	$	3,365,837	$	3,545,786
Current lease liability		191,374		340,400
Non-current lease liability		3,295,876		3,299,784
Total lease liability	$	3,487,250	$	3,640,184

 

Weighted average remaining lease term	11.0
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	$	335,363
2023		499,377
2024		474,670
2025		354,528
2026		360,108
Thereafter		2,701,088
Total lease payments	$	4,725,134
Less: imputed interest		(1,237,884	)
Present value of operating lease liabilities	$	3,487,250