| Fixed Assets |
NOTE
6 – FIXED ASSETS
Fixed
assets (without foreign currency adjustments) consist of the following components:
| |
|
October 31, |
|
|
July 31, 2019 |
|
| |
|
2018 |
|
|
Acquisitions |
|
|
Disposals |
|
|
Balance |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Buildings |
|
$ |
3,996,860 |
|
|
$ |
1,226,209 |
|
|
$ |
(730,000 |
) |
|
$ |
4,493,069 |
|
| Land |
|
|
200,000 |
|
|
|
- |
|
|
|
- |
|
|
|
200,000 |
|
| Office machinery and equipment |
|
|
2,875,443 |
|
|
|
592,371 |
|
|
|
(81,192 |
) |
|
|
3,386,622 |
|
| Furniture, fixtures and improvements |
|
|
1,109,225 |
|
|
|
25,009 |
|
|
|
- |
|
|
|
1,134,234 |
|
| Totals |
|
|
8,181,528 |
|
|
|
1,843,589 |
|
|
|
(811,192 |
) |
|
|
9,213,925 |
|
| Less: accumulated depreciation |
|
|
(2,935,345 |
) |
|
|
(566,089 |
) |
|
|
49,848 |
|
|
|
(3,451,586 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Property and Equipment - net |
|
$ |
5,246,183 |
|
|
$ |
1,277,500 |
|
|
$ |
(761,344 |
) |
|
$ |
5,762,339 |
|
| |
|
October 31, |
|
|
October 31, 2018 |
|
| |
|
2017 |
|
|
Acquisitions |
|
|
Disposals |
|
|
Balance |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Buildings |
|
$ |
4,082,346 |
|
|
$ |
- |
|
|
|
(85,486 |
) |
|
$ |
3,996,860 |
|
| Land |
|
|
200,000 |
|
|
|
- |
|
|
|
- |
|
|
|
200,000 |
|
| Office machinery and equipment |
|
|
2,064,449 |
|
|
|
853,796 |
|
|
|
(42,802 |
) |
|
|
2,875,443 |
|
| Furniture, fixtures and improvements |
|
|
1,165,897 |
|
|
|
38,344 |
|
|
|
(95,016 |
) |
|
|
1,109,225 |
|
| Totals |
|
|
7,512,692 |
|
|
|
892,140 |
|
|
|
(223,304 |
) |
|
|
8,181,528 |
|
| Less: accumulated depreciation |
|
|
(2,299,411 |
) |
|
|
(758,408 |
) |
|
|
122,474 |
|
|
|
(2,935,345 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Property and Equipment - net |
|
$ |
5,213,281 |
|
|
$ |
133,732 |
|
|
$ |
(100,830 |
) |
|
$ |
5,246,183 |
|
|