DEBT FACILITIES (Tables)

12 Months Ended

Oct. 31, 2020


	October 31, 2020		October 31, 2019
Amended revolving term note payable to lending institution, see terms below.	$	7,891,426	$	—
Single advance term note payable to lending institution, see terms below.		3,000,000		—
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 October 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.		300,551		634,180
SBA Paycheck Protection Program Loan		595,693		—
Totals		11,787,670		634,180
Less amounts due within one year		11,492,059		333,977
Net long-term debt	$	295,611	$	300,203

Schedule of estimated maturities of long-term debt


2021	$	11,492,059
2022		295,611
Total debt	$	11,787,670

- 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