INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2020

INCOME TAXES

Schedule of differences between financial statement basis and tax basis of assets

	2020		2019
Consolidated financial statement basis of assets	$	63,080,181	$	56,595,915
Plus: Organization and start-up costs capitalized for tax purposes, net		355,152		502,566
Less: Unrealized gains on commodity derivative instruments		(15,150)		(95,823)
Less: Accumulated tax depreciation and amortization greater than financial statement basis		(56,055,250)		(56,386,730)
Book to tax operating lease right of use assets		(9,291,249)		—
Plus: Impairment charge		27,844,579		27,844,579
Income tax basis of assets	$	25,918,263	$	28,460,507
Financial Statement basis of liabilities	$	29,955,313	$	6,995,064
Accrued rail car maintenance		(596,924)		(551,000)
Book to tax operating lease liabilities		(9,291,249)		—
Other Accruals		(176,828)		(183,891)
Income tax basis of liabilities	$	19,890,312	$	6,260,173