2. Property and Equipment, net

12 Months Ended

Oct. 31, 2018

Notes

2. Property and Equipment, net

2. Property and Equipment, net

Property and equipment consist of the following as of October 31, 2018 and 2017:

	Estimated useful lives	2018	2017
Leasehold improvements	3-5 years	$      216,000	$        216,000
Equipment	5-10 years	6,212,000	5,960,000
Furniture and fixtures	5-10 years	593,000	585,000
		7,021,000	6,761,000
Less accumulated depreciation		6,348,000	5,909,000
Total		$      673,000	$        852,000

The Company recorded depreciation expense on the assets included in property and equipment of $439,000 and $590,000 for the year ended October 31, 2018 and 2017, respectively.