Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Oct. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following as of:

 

    October 31, 2019     October 31, 2018  
             
Buildings   $ 4,654,029     $ 3,856,860  
Land     200,000       340,0000  
Office machinery and equipment     3,423,062       2,875,444  
Furniture, fixtures and improvements     1,158,033       1,109,225  
Totals     9,435,124       8,181,529  
Less: accumulated depreciation     (3,448,312 )     (2,935,346 )
                 
Property and Equipment – Net   $ 5,986,812     $ 5,246,183  

 

Depreciation expense for the years ended October 31, 2019 and 2018 was $794,086 and $727,553 respectively.