Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.1
Notes Payable (Tables)
6 Months Ended
Apr. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Note Payable
Loans and Notes Payable   2020     2019  
             
Secured note payable to HSBC NA with interest payable on the 28th day of each month at 4.56% per annum. Our monthly repayment obligation under this loan is $43,777 (comprising both principal and interest repayment).   $ 819,163     $ 1,059,574  
Unsecured Payroll Protection Program loan from the SBA that carries an interest rate of 1%. Principal payments begin on October 1, 2020 in the amount of $29,252.     526,544       -  
                 
Total     1,345,707       1,059,574  
Less: current portion     (673,835 )     (487,140 )
Total Long Term Loan and Note Payable   $ 671,872     $ 572,434