Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.4
Notes Payable (Tables)
3 Months Ended
Jan. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Note Payable
    January 31,     October 31,  
    2021     2020  
             
Secured note payable to HSBC NA with interest payable on the 28th day of each month at 4.56% per annum. Our monthly repayment obligation under this loan is $43,777 (comprising both principal and interest repayment). The maturity of this Loan is December 28, 2021    $ 447,966     $ 573,108  
Unsecured Payroll Protection Program loan from the SBA that carries an interest rate of 1%. Principal payments begin on November 29, 2021 in the amount of $29,252.     436,574       -  
                 
Total     884,540       573,108  
Less: current portion     (447,966 )     (509,769 )
Total Long Term Note Payable   $ 436,574     $ 63,339