Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
12 Months Ended
Oct. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

    October 31,     October 31,  
    2021     2020  
             
Buildings   $ 5,298,028     $ 5,103,324  
Land     200,000       200,000  
Office machinery and equipment     1,622,871       2,044,405  
Rental assets     2,326,486       1,531,351  
Furniture, fixtures and improvements     1,218,217       1,187,927  
Totals     10,665,602       10,067,007  
Less: accumulated depreciation     (4,628,501 )     (4,007,107 )
                 
Total Property and Equipment, net   $ 6,037,101     $ 6,059,900  

 

Depreciation expense for the years ended October 31, 2021 and 2020 was $873,694 and $758,297 respectively.