Debt Financing (Tables)

3 Months Ended

Jan. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following at:

	January 31, 2020			October 31, 2019
Variable Rate Term Loan	$	2,750,000		$	3,500,000
Term Revolving Loan	8,499,000			6,499,000
Total	11,249,000			9,999,000
Less Debt Issuance Costs	(18,311		)	(25,137		)
Less amounts due within one year	(2,731,689		)	(2,729,739		)
Net long-term debt	$	8,499,000		$	7,244,124

Schedule of Maturities of Long-term Debt

The estimated maturities of the long-term debt at January 31, 2020 are as follows:

	Principal		Debt Issuance Costs			Total
January 2021	2,750,000		(18,311		)	2,731,689
January 2022	—		—			—
January 2023	8,499,000		—			8,499,000
Long-term debt	$	11,249,000	$	(18,311	)	$	11,230,689