Significant Accounting Policies (Policies)

3 Months Ended

Jan. 31, 2018

New Accounting Pronouncements, Policy [Policy Text Block]

Adopted Accounting Standards Updates

Effective

November 1, 2017,

we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (”ASU”)

No.

2015

11,

“Simplifying the Measurement of Inventory”. The ASU requires entities using the

first

-in,

first

-out (FIFO) inventory costing method to subsequently value inventory at the lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The adoption of this guidance by the Company did

not

have a material impact on its consolidated financial statements.

Effective

November 1, 2017,

we adopted FASB ASU

No.

2015

17,

“Balance Sheet Classification of Deferred Taxes”. The ASU requires that deferred tax assets and liabilities be combined and be classified as non-current in a statement of financial position. The adoption of this guidance by the Company did

not

have a material impact on its consolidated financial statements.