LEASES (Tables)

3 Months Ended

Jan. 31, 2023

Leases

SCHEDULE OF OPERATING LEASES

The following summarizes the Company’s operating leases:

	2023		2022
Right-of-use operating lease assets	$	2,832,907	$	2,871,773
Current lease liability		186,879		220,734
Non-current lease liability		3,142,959		3,136,006
Total lease liability	$	3,329,838	$	3,356,740

 

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:

2023	$	558,758
2024		481,670
2025		354,528
2026		360,108
2027		367,788
Thereafter		2,333,300
Total lease payments	$	4,456,152
Less: imputed interest		(1,126,314	)
Present value of operating lease liabilities	$	3,329,838