DEBT (Tables)

12 Months Ended

Oct. 31, 2022

DEBT [Abstract]

Long-term Debt

The tables below provide information on our long-term debt.

As of October 31, 2022	Xiamen Project Loans			Xiamen Working Capital Loans			Hefei Equipment Loan		Finance Leases			Total
Principal due:
Next 12 months	$	-		$	3,512		$	-	$	6,512		$	10,024
Months 13 – 24	$	-		$	-		$	-	$	6,610		$	6,610
Months 25 – 36		1,098			-			-		17,961			19,059
Months 37 – 48		6,641			-			-		-			6,641
Long-term debt	$	7,739		$	-		$	-	$	24,571		$	32,310
Interest rate at balance sheet date		4.30% - 4.45	%		4.46	%		N/A			(2)
Basis spread on interest rates		0.00			76.00			N/A		N/A
Interest rate reset	Quarterly			Monthly/Annually				N/A		N/A
Maturity date	December 2025			July 2023			Paid July 2022				(2)
Periodic payment amount	Varies as loans mature(1)			Increases as loans mature				N/A			(2)
Periodic payment frequency	Semiannual, on individual loans			Semiannual, on individual loans				N/A	Monthly
Loan collateral (carrying amount)	$	70,705			N/A			N/A	$	37,976	(3)

⁽¹⁾ During the three month period ended October 31, 2022, we repaid 81,000,000 RMB (approximately $11.5 million) that had contractual maturity dates ranging from December 2023 through June 2025.

⁽²⁾ See Note 8 for interest rates on lease liabilities, maturity dates, and periodic payment amounts.

⁽³⁾ Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests.

As of October 31, 2021	Xiamen Project Loans			Xiamen Working Capital Loans			Hefei Equipment Loan			Finance Leases			Total
Principal due:
Next 12 months	$	2,068		$	8,197		$	4,694		$	7,289		$	22,248
Months 13 – 24	$	10,071		$	4,005		$	4,693		$	6,512		$	25,281
Months 25 – 36		10,278			-			6,257			6,610			23,145
Months 37 – 48		9,902			-			5,585			17,961			33,448
Months 49 – 60		7,572			-			-			-			7,572
Long-term debt	$	37,823		$	4,005		$	16,535		$	31,083		$	89,446
Interest rate at balance sheet date		4.65	%		4.53% - 4.61	%		4.20	%			(3)
Basis spread on interest rates		0.00			67.75 - 76.00			(45.00	)		N/A
Interest rate reset	Quarterly			Monthly/Annually			Annually				N/A
Maturity date	December 2025			July 2023			September 2025					(3)
Periodic payment amount	Varies as loans mature			Increases as loans mature			Varies(1)					(3)
Periodic payment frequency	Semiannual, on individual loans			Semiannual, on individual loans			Semiannual(2)			Monthly
Loan collateral (carrying amount)	$	90,096			N/A			86,487		$	40,826	(4)

⁽¹⁾ First five loan repayments were scheduled to be for 7.5 percent of the approved 200 million RMB loan principal; last five installments were scheduled to be for 12.5 percent of the approved loan principal.

⁽²⁾ Semiannual repayments commence in March 2022; remaining outstanding amount paid in July 2022.

⁽³⁾ See Note 8 for interest rates on lease liabilities, maturity dates, and periodic payment amounts.

⁽⁴⁾ Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests.