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Loans and Notes Payable (Tables) | 12 Months Ended
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Oct. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Loans and Notes Payable | Loans and notes payable consisted of the following at:
|  | October 31, 2018 |  |  | October 31, 2017 |
Secured note payable to HSBC NA with interest payable on the 28th day of each month at 4.56% per annum. On March 28, 2018 the Company prepaid a portion of the principal and thereby reducing the principal outstanding under this loan to $1,917,602 resulting in the repayment obligations (principal and interest payments) being reduced to $43,777 per month. There was no prepayment penalty associated with the reduction of the principal. It is now expected that the Loan will be repaid within 41 months. |  | $ | 1,524,239 |  |  | $ | 7,279,353 |
One of the subsidiaries has an unsecured working capital loan from the CEO of the Company. The note is due on November 30, 2018 and carries an interest rate of 4.5%. The loan was paid in full on December 24, 2018 and all obligations under this agreement have now been extinguished. |  |  | 500,000 |  |  |  | 1,000,000 |
Total |  |  | 2,024,239 |  |  |  | 8,279,353 |
Less: current portion |  |  | (964,695 | ) |  |  | (2,212,951 | )
Total Long-Term Loans and Notes Payable |  | $ | 1,059,544 |  |  | $ | 6,066,402 |
Schedule of Principal Maturities of Notes and Loans Payable | This table shows the principal maturities on the HSBC NA Senior Note as of October 31, 2018:
Years Ending October 31, |  | Amount |
2019 |  | $ | 464,695 |
2020 |  |  | 486,624 |
2021 |  |  | 509,588 |
2022 |  |  | 63,332 |
Totals |  | $ | 1,524,239 |

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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