Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
12 Months Ended
Oct. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

    October 31, 2018     October 31, 2017  
             
Buildings   $ 3,996,860     $ 4,082,346  
Land     200,000       200,000  
Office machinery and equipment     2,875,443       2,064,449  
Furniture, fixtures and improvements     1,109,225       1,165,897  
Totals     8,181,528       7,512,692  
Less: accumulated depreciation     (2,935,345 )     (2,299,411 )
                 
Property and Equipment – Net   $ 5,246,183     $ 5,213,281  

 

Depreciation expense for the years ended October 31, 2018 and 2017 was $711,218 and $790,107, respectively.