DEBT FACILITIES (Tables)

12 Months Ended

Oct. 31, 2019


	October 31, 2019		October 31, 2018
Amended revolving term note payable to lending institution, see terms below.	$	—	$	—
Seasonal line of credit payable to lending institution, see terms below.		—		—
Assessment payable as part of water treatment agreement, due in semi-annual installments of $189,393 with interest at 6.55%, enforceable by statutory lien, with the final payment due in 2021. The Company made deposits for one years' worth of debt service payments of approximately $364,000, which is included with other assets that are held on deposit to be applied with the final payments of the assessment.		634,180		947,300
Assessment payable as part of water supply agreement, due in monthly installments of $3,942 with interest at 8.73%, enforceable by statutory lien, with the final payment made in 2019.		—		11,901
Totals		634,180		959,201
Less amounts due within one year		333,977		391,934
Net long-term debt	$	300,203	$	567,267

Schedule of estimated maturities of long-term debt


2020	$	333,977
2021		300,203
Total debt	$	634,180

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details