Inventory

9 Months Ended

12 Months Ended

Jul. 31, 2021

Oct. 31, 2020


	July 31, 2021 $		October 31, 2020 $
Raw material		342,591		140,419
Finished goods		1,160,330		39,575

		1,502,921		179,994

The cost of inventories recognized as an expense during the three and nine month ended July 31, 2021 was

$2,156,737and $4,647,469

, respectively (three and nine months ended July 31, 2020:

$142,161 and $344,704).

The cost of inventories recognized as an expense during the three months ended July 31, 2021 includes a write down of

$571,947

for finished goods and write down of

$148,522

for raw materials (three months ended July 31, 2020:

$nil for finished goods and $nil

for raw materials) in respect of adjustments of inventory to net realizable value. Net realizable value of inventory is calculated as the estimated consideration under provisional pricing arrangements (as described in Note 3) less the estimated cost of completion and the estimated costs necessary to make the sale.

Inventory


	2020		2019
	$		$
Raw material		140,419		21,003
Finished goods		39,575		25,553

		179,994		46,556

The cost of inventories recognised as an expense during the year was $822,792 (2019: $nil).

The cost of inventories recognised as an expense includes $53,764 for raw materials and $4,360 for finished goods (2019: $nil for raw materials and $nil for finished goods) in respect of write-downs of inventory to net realizable value. There have been no reversal of write-downs for the year ended October 31, 2020 and 2019.