Leases (Tables)

3 Months Ended

Jan. 31, 2020

Leases [Abstract]

Maturities of Operating Lease Liabilities

The following table summarizes the remaining maturities of the Company’s operating and finance lease liabilities as of January 31, 2020:

Operating Lease For the Period Ending January 31,	Operating Leases			Finance Leases
2021	$	168,480		$	178,800
2022	168,480			178,800
2023	168,480			178,800
2024	168,480			178,800
2025	70,200			178,800
Thereafter	—			849,300
Totals	744,120			1,743,300
Amount representing interest	(84,819		)	(396,301		)
Operating lease liability	$	659,301		$	1,346,999

Maturities of Financing Lease Liabilities

The following table summarizes the remaining maturities of the Company’s operating and finance lease liabilities as of January 31, 2020:

Operating Lease For the Period Ending January 31,	Operating Leases			Finance Leases
2021	$	168,480		$	178,800
2022	168,480			178,800
2023	168,480			178,800
2024	168,480			178,800
2025	70,200			178,800
Thereafter	—			849,300
Totals	744,120			1,743,300
Amount representing interest	(84,819		)	(396,301		)
Operating lease liability	$	659,301		$	1,346,999

Lease Cost

Lease Cost	Three Months ended January 31, 2020
Operating lease cost	$	42,120
Finance lease cost
Amortization of leased assets	34,323
Interest on lease liabilities	18,759
Net lease cost	$	95,202