LEASES (Tables)

9 Months Ended

Jul. 31, 2022

Leases

SCHEDULE OF OPERATING LEASES

The following summarizes the Company’s operating leases:

	2022		2021
Right-of-use operating lease assets	$	3,287,758	$	3,545,786
Current lease liability		122,456		340,400
Non-current lease liability		3,299,951		3,299,784
Total lease liability	$	3,422,407	$	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 remaining	$	239,912
2023		499,377
2024		474,670
2025		354,528
2026		360,108
Thereafter		2,701,088
Total lease payments	$	4,629,683
Less: imputed interest		(1,207,276	)
Present value of operating lease liabilities	$	3,422,407