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DEBT (Tables) | 12 Months Ended
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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.

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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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