PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Oct. 31, 2020

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Summary of 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

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.