Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.4
PROPERTY AND EQUIPMENT
12 Months Ended
Oct. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of:

 

    October 31,     October 31,  
    2022     2021  
             
Buildings   $ 5,419,946     $ 5,298,028  
Land     200,000       200,000  
Office machinery and equipment     1,556,030       1,622,871  
Rental assets     2,252,292       2,326,486  
Furniture, fixtures and improvements     1,108,787       1,218,217  
Totals     10,537,055       10,665,602  
Less: accumulated depreciation     (4,704,523 )     (4,628,501 )
                 
Total Property and Equipment, net   $ 5,832,532     $ 6,037,101  

 

Depreciation expense for the years ended October 31, 2022 and 2021 was $678,652 and $873,694 respectively.