Debt Financing (Tables)

12 Months Ended

Oct. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following at:

	October 31, 2019			October 31, 2018
Variable Rate Term Loan (Compeer)	$	3,500,000		$	6,500,000
Term Revolving Loan (Compeer)	6,499,000			3,500,000
Total	9,999,000			10,000,000
Less debt issuance costs	(25,137		)	(62,193		)
Less amounts due within one year	(2,729,739		)	(2,715,436		)
Net long-term debt	$	7,244,124		$	7,222,371

Schedule of Maturities of Long-term Debt

The estimated maturities of the long-term debt at October 31, 2019 are as follows:

Fiscal Year	Principal		Debt Issuance Costs			Total
2020	$	2,750,000	$	(20,261	)	$	2,729,739
2021	750,000		(4,876		)	745,124
2022	—		—			—
2023	6,499,000		—			6,499,000
Long-term debt	$	9,999,000	$	(25,137	)	$	9,973,863