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DEBT (Tables) | 3 Months Ended
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Jan. 31, 2021
DEBT [Abstract] |
Long-term Debt | The tables below provide information on our long-term debt.
As of January 31, 2021 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Hefei Equipment Loan |  |  | Finance Lease |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | 6,961 |  |  | $ | 8,861 |  |  | $ | - |  |  | $ | 5,819 |  |  | $ | 21,641 |
Months 13 – 24 |  | $ | 10,055 |  |  | $ | 990 |  |  | $ | 4,641 |  |  | $ | 5,445 |  |  | $ | 21,131 |
Months 25 – 36 |  |  | 10,055 |  |  |  | 3,465 |  |  |  | 1,701 |  |  |  | 5,509 |  |  |  | 20,730 |
Months 37 – 48 |  |  | 10,055 |  |  |  | - |  |  |  | - |  |  |  | 18,787 |  |  |  | 28,842 |
Months 49 – 60 |  |  | 9,281 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,281 |
Thereafter |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Long-term debt |  | $ | 39,446 |  |  | $ | 4,455 |  |  | $ | 6,342 |  |  | $ | 29,741 |  |  | $ | 79,984 |
Interest rate at balance sheet date |  |  | 4.90 | % |  |  | 4.53% - 4.61 | % |  |  | 4.20 | % |  |  | 1.14 | % |  |  |  |
Basis spread on interest rates |  |  | 25.00 |  |  |  | 67.75 - 76.00 |  |  |  | (45.00 | ) |  |  | N/A |  |  |  |  |
Interest rate reset |  | Quarterly |  |  | Monthly/Annually |  |  | Annually |  |  |  | N/A |  |  |  |  |
Maturity date |  | December 2025 |  |  | July 2023 |  |  | September 2026 |  |  | December 2024 |  |  |  |  |
Periodic payment amount |  | Increases as loans mature |  |  | Increases as loans mature |  |  | Varies (1) |  |  | Varies (3) |  |  |  |  |
Periodic payment frequency |  | Semiannual, on individual loans |  |  | Semiannual, on individual loans |  |  | Semiannual(2) |  |  | Monthly |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 95,703 |  |  |  | N/A |  |  | $ | 89,799 |  |  | $ | 35,560 | (4) |  |  |  |
(1) First five loan repayments will each be for 7.5 percent of the approved 200 million RMB loan principal; last five installments will each be for 12.5 percent of the approved loan principal. (2) Semiannual repayments commence in March 2022. (3) See Note 8 for periodic payment amounts. (4) Amount represents the carrying amount of the related right-of-use asset, in which the lessor has a secured interest.
As of October 31, 2020 |  | Xiamen Project Loans |  |  | Xiamen Working Capital Loans |  |  | Total |
Principal due: |  |  |  |  |  |  |  |  |
Next 12 months |  | $ | 6,705 |  |  | $ | 2,265 |  |  | $ | 8,970 |
Months 13 – 24 |  | $ | 7,334 |  |  | $ | 7,808 |  |  | $ | 15,142 |
Months 25 – 36 |  |  | 9,592 |  |  |  | 3,814 |  |  |  | 13,406 |
Months 37 – 48 |  |  | 9,789 |  |  |  | - |  |  |  | 9,789 |
Months 49 – 60 |  |  | 9,432 |  |  |  | - |  |  |  | 9,432 |
Thereafter |  |  | 7,211 |  |  |  | - |  |  |  | 7,211 |
Long-term debt |  | $ | 43,358 |  |  | $ | 11,622 |  |  | $ | 54,980 |
Interest rate at balance sheet date |  |  | 4.90 | % |  |  | 4.53% - 4.61 | % |  |  |  |
Basis spread on interest rates |  |  | 25.00 |  |  |  | 40.00 - 76.00 |  |  |  |  |
Loan collateral (carrying amount) |  | $ | 94,459 |  |  |  | N/A |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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