2. Property and Equipment, net

12 Months Ended

Oct. 31, 2020

Disclosure Text Block [Abstract]

2. Property and Equipment, net

2. Property and Equipment, net

Property and equipment consist of the following as of October 31, 2020 and 2019:

	Estimated useful lives	2020	2019
Leasehold improvements	3-5 years	$ 4,000	$ 216,000
Equipment	5-10 years	4,789,000	6,413,000
Furniture and fixtures	5-10 years	29,000	593,000
		4,822,000	7,222,000
Less: accumulated depreciation		4,564,000	6,670,000
Total		$ 258,000	$ 552,000

The Company recorded depreciation expense on the assets included in property and equipment of $279,000 and $322,000 for the year ended October 31, 2020 and 2019, respectively. In connection with the closing of certain office facilities, the Company disposed of certain assets associated with these locations and recorded a loss on disposal of $23,000 for the year ended October 31, 2020.