Income Taxes (Details Narrative) - USD ($) |
12 Months Ended | |
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Oct. 31, 2018 |
Oct. 31, 2017 |
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Net operating loss | $ 525,308 | |
Operating loss expiration description | Expire beginning in 2028 through 2029 | |
Deferred tax asset | $ 1,754,169 | $ 4,172,200 |
Deferred tax benefit | 1,754,169 | |
Net operating loss carry-forward benefit | 1,754,169 | 4,172,200 |
Alternative minimum tax due | $ 7,840 | 27,192 |
Income tax reconciliation description | US Congress passed the Tax Cuts and Jobs Act, which reduced the corporate tax rate from 35% to 21% | |
Corporate tax rate | 21.00% | |
Deferred tax assets, net | $ 1,754,169 | |
Tax Cuts and Jobs Act [Member] | ||
Deferred tax assets, net | 4,172,200 | |
Change in deferred tax assets | 2,246,718 | |
UK and Norway [Member] | ||
Deferred tax asset | 110,314 | |
2026 through 2029 [Member] | ||
Net operating loss | $ 8,353,000 | $ 10,698,000 |
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- Definition Operating loss expiration description. No definition available.
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible alternative minimum tax credit carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A brief description of status of the tax examination, significant findings to date, and the entity's position with respect to the findings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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