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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Oct. 31, 2019
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | The allowances are summarized as follows:
|  | 2019 |  |  | 2018 |
Allowance for doubtful accounts |  | $ | 65,000 |  |  | $ | 65,000 |
Reserve for other allowances |  |  | 35,000 |  |  |  | 35,000 |
Reserve for sales discounts |  |  | 44,000 |  |  |  | 44,000 |
Totals |  | $ | 144,000 |  |  | $ | 144,000 |
Schedule of Commodities Held by Broker | The Company has open position contracts held by the broker, which are summarized as follows:
|  | 2019 |  |  | 2018 |
Option contracts |  | $ | (58,856 | ) |  | $ | (39,926 | )
Future contracts |  |  | 159,887 |  |  |  | 17,880 |
Commodities due to broker |  | $ | 101,031 |  |  | $ | (22,046 | )
Schedule of Realized and Unrealized Gains and Losses on Contracts | Included in cost of sales for the years ended October 31, 2019 and 2018, the Company recorded realized and unrealized gains and losses respectively, on these contracts as follows:
|  | Year Ended October 31, |
|  | 2019 |  |  | 2018 |
Gross realized gains |  | $ | 1,307,816 |  |  | $ | 999,540 |
Gross realized (losses) |  |  | (2,642,537 | ) |  |  | (2,007,691 | )
Unrealized gains |  |  | 123,077 |  |  |  | 188,816 |
Total |  | $ | (1,211,644 | ) |  | $ | (819,335 | )

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. + References No definition available. + Details
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- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27357-111563 + Details
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