Quarterly report pursuant to Section 13 or 15(d)

Loans and Notes Payable (Tables)

Loans and Notes Payable (Tables)
6 Months Ended
Apr. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Loans and Notes Payable

    April 30, 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 outstanding 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.  It is now expected that the Loan will be repaid within 44 months. There was no prepayment penalty associated with the reduction of principal.
  $ 1,755,591     $ 7,279,353  
One of the subsidiaries has an unsecured working capital loan from the CEO of the Group. The note is due on November 30, 2018 and carries an interest rate of 4.5%.     1,000,000       1,000,000  
Total     2,755,591       8,279,353  
Less: current portion     (1,453,686 )     (2,212,951 )
Total Long-Term Loans and Notes Payable   $ 1,301,905     $ 6,066,402