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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes comprises:
|  | October 31, 2020 |  |  | October 31, 2019 |
Current federal benefit |  | $ | (12,502 | ) |  | $ | (75,004 | )
Foreign tax (benefit) expense |  |  | (38,161 | ) |  |  | 35,582 |
Total Current Tax Benefit |  |  | (50,663 | ) |  |  | (39,422 | )
Deferred federal expense |  |  | 305,125 |  |  |  | 1,046,776 |
Deferred foreign benefit |  |  | (196,240 | ) |  |  | - |
Deferred Tax Expense |  |  | 108,885 |  |  |  | 1,046,776 |
Total Income Tax Expense |  | $ | 58,222 |  |  | $ | 1,007,354 |
Schedule of Reconciliation of Income Tax Benefit | The expense for income taxes differed from the U.S. statutory rate due to the following:
|  | October 31, 2020 |  |  | October 31, 2019 |
Statutory tax rate |  |  | 21.0 | % |  |  | 21.0 | %
Change in deferred taxes |  |  | (17.1 | )% |  |  | (4.2 | )%
Alternative Minimum Tax (refund) |  |  | (1.1 | )% |  |  | (1.2 | )%
Foreign tax expense |  |  | (1.1 | )% |  |  | 0.5 | %
Total |  |  | 1.7 | % |  |  | 16.1 | %
Schedule of Components of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
|  | October 31, 2020 |  |  | October 31, 2019 |
Noncurrent deferred tax assets |  |  |  |  |  |  |  |
U.S. NOL carryforwards |  | $ | 272,993 |  |  | $ | 670,787 |
Other |  |  | - |  |  |  | (39,103 | )
Stock option compensation |  |  | 92,669 |  |  |  | - |
Foreign R&D refunds |  |  | 196,240 |  |  |  | - |
Total |  | $ | 561,902 |  |  | $ | 631,684 |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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