Related Party Transaction
|12 Months Ended|
Oct. 31, 2020
|Related Party Transactions [Abstract]|
|Related Party Transaction||
NOTE 16 – RELATED PARTY TRANSACTION
During the fiscal year ended October 31, 2019, the Company sold our Orlando property to Blair Cunningham an Officer for $705,000 cash. It was determined that this was a fair value for the property based on review of comparable sales. The proceeds of sale were used to purchase the current office/manufacturing facility in Orlando.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef