XML 70 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
PROPERTY AND EQUIPMENT
 12 Months Ended
Oct. 31, 2019
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

8.  PROPERTY AND EQUIPMENT

 

A summary of property and equipment is as follows:

 

 

 

 

 

 

 

 

 

 

    

October 31, 2019

    

October 31, 2018

 

Land and improvements

 

$

13,697,790

 

$

13,697,790

 

Railroad improvements

 

 

9,045,112

 

 

9,045,112

 

Process equipment and tanks

 

 

134,291,374

 

 

132,769,215

 

Administration building

 

 

569,328

 

 

569,328

 

Office equipment

 

 

1,083,694

 

 

1,085,903

 

Rolling stock

 

 

2,150,700

 

 

2,131,733

 

Construction in progress

 

 

58,319

 

 

702,904

 

 

 

 

160,896,317

 

 

160,001,985

 

Less: accumulated depreciation

 

 

(102,627,175)

 

 

(93,326,314)

 

Net property and equipment

 

$

58,269,142

 

$

66,675,671

 

 

Depreciation expense totaled approximately $9,403,000,  $9,203,000, and $9,320,000 for the fiscal years ended October 31, 2019, 2018, and 2017, respectively.