PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Oct. 31, 2020

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

At October 31, 2020 and 2019, prepaid expenses and other current assets consisted of the following:

	October 31, 2020		October 31, 2019
Prepaid professional fees (1)	$	457,123	$	391,544
Security deposit		14,091		16,691
Deferred tax assets		12,952		—
Other		10,310		56,621
	$	494,476	$	464,856

(1) Prepaid professional fees mainly relate to cash paid in advance for consulting and advisory service. These amounts are recognized as expense over the related service periods.