Leases (Tables)

12 Months Ended

Oct. 31, 2021

Leases [Abstract]

Maturities of Operating Lease Liabilities

The following tables summarizes the remaining maturities of the Company's operating and financing lease liabilities as of October 31, 2021:

For the Period Ending October 31,	Operating Leases		Finance Leases
2022	$	168,480	$	178,800
2023	168,480		178,800
2024	112,320		178,800
2025	—		178,800
2026	—		178,800
Thereafter	—		536,400
Totals	449,280		1,430,400
Amount representing interest	(32,279)		(275,300)
Lease liability	$	417,001	$	1,155,100

Maturities of Financing Lease Liabilities

The following tables summarizes the remaining maturities of the Company's operating and financing lease liabilities as of October 31, 2021:

For the Period Ending October 31,	Operating Leases		Finance Leases
2022	$	168,480	$	178,800
2023	168,480		178,800
2024	112,320		178,800
2025	—		178,800
2026	—		178,800
Thereafter	—		536,400
Totals	449,280		1,430,400
Amount representing interest	(32,279)		(275,300)
Lease liability	$	417,001	$	1,155,100

Lease Cost

Lease Cost	October 31, 2021
Operating lease cost	$	168,480
Short term lease cost	73,195
Finance lease cost
Amortization of leased assets	143,267
Interest on lease liabilities	66,893
Net lease cost	$	451,835