Leases (Tables)

9 Months Ended

Jul. 31, 2024

Leases

Schedule Of Operating Leases

The following summarizes the Company’s operating leases:

Assets	2024		2023
Right-of-use operating lease assets	$	1,192,834	$	2,696,159
Total lease assets	$	1,192,834	$	2,696,159

Liabilities		2024		2023
Current lease liability	$	636,534	$	255,625
Non-current lease liability		903,821		2,974,579
Total lease liability	$	1,540,355	$	3,230,204

The weighted-average remaining lease term and the weighted-average discount rate of the Company’s leases were as follows:

Weighted average remaining lease term (in years)	4.15
Weighted average discount rate	5.1	%

 

Schedule Of Maturity Lease Liability

Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows:

For the Years Ending October 31,
Remainder of fiscal 2024	$	463,319
2025		334,784
2026		308,624
2027		295,762
2028		229,466
Thereafter		66,571
Total lease payments		1,698,526
Less: imputed interest		(158,171	)
Present value of operating lease liabilities	$	1,540,355