LINE OF CREDIT |
12 Months Ended |
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Oct. 31, 2024 | |
Line Of Credit | |
LINE OF CREDIT |
NOTE 12 – LINE OF CREDIT
The Company entered into a $4,000,000 revolving line of credit facility with HSBC NA on November 27, 2019, with the interest rate established as the applicable prime rate. This revolving line of credit facility is subject to annual renewal and has been extended to November 2025. We have not utilized this line of credit and as a result the outstanding balance on the line of credit was $0 as of October 31, 2024 and 2023.
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- References No definition available.
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- Definition Line Of Credit [Text Block] No definition available.
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