Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

v3.19.2
Fixed Assets
9 Months Ended
Jul. 31, 2019
Property, Plant and Equipment [Abstract]  
Fixed Assets

NOTE 6 – FIXED ASSETS

 

Fixed assets (without foreign currency adjustments) consist of the following components:

 

    October 31,     July 31, 2019  
    2018     Acquisitions     Disposals     Balance  
                         
Buildings   $ 3,996,860     $ 1,226,209     $ (730,000 )   $ 4,493,069  
Land     200,000       -       -       200,000  
Office machinery and equipment     2,875,443       592,371       (81,192 )     3,386,622  
Furniture, fixtures and improvements     1,109,225       25,009       -       1,134,234  
Totals     8,181,528       1,843,589       (811,192 )     9,213,925  
Less: accumulated depreciation     (2,935,345 )     (566,089 )     49,848       (3,451,586 )
                                 
Property and Equipment - net   $ 5,246,183     $ 1,277,500     $ (761,344 )   $ 5,762,339  

 

    October 31,     October 31, 2018  
    2017     Acquisitions     Disposals     Balance  
                         
Buildings   $ 4,082,346     $ -       (85,486 )   $ 3,996,860  
Land     200,000       -       -       200,000  
Office machinery and equipment     2,064,449       853,796       (42,802 )     2,875,443  
Furniture, fixtures and improvements     1,165,897       38,344       (95,016 )     1,109,225  
Totals     7,512,692       892,140       (223,304 )     8,181,528  
Less: accumulated depreciation     (2,299,411 )     (758,408 )     122,474       (2,935,345 )
                                 
Property and Equipment - net   $ 5,213,281     $ 133,732     $ (100,830 )   $ 5,246,183