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BUILDING, MACHINERY AND EQUIPMENT
 12 Months Ended
Oct. 31, 2022
Property, Plant and Equipment [Abstract]  
BUILDING, MACHINERY AND EQUIPMENT

NOTE 4 – BUILDING, MACHINERY AND EQUIPMENT:

 

Building machinery and equipment at October 31, 2022 and 2021 consisted of the following:

 

   Estimated
Useful Life		  2022   2021 
Improvements  15-30 years  $233,766   $233,766 
Building  31 years   900,321    900,321 
Machinery and equipment  7 years   7,730,098    8,441,382 
Furniture and fixtures  7 years   1,184,387    1,082,022 
       10,048,572    10,657,491 
              
Less, accumulated depreciation      6,848,782    7,994,863 
      $3,199,790   $2,662,628 

 

Depreciation expense totaled $522,043 and $600,357 for the years ended October 31, 2022 and 2021, respectively. In October 2021 the Company sold $651,175 of machinery and equipment with a carrying value of $434,817 at disposal for $113,166 of proceeds and recognized a loss on disposal of $321,651 recorded as a component of operating expenses for the year ended October 31, 2021.