• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
SEGMENT INFORMATION (Tables)
6 Months Ended
Apr. 30, 2020
Segment Reporting [Abstract]  
Schedule of Net Income (Loss) by Segment

Geographic information is approximately as follows:

   For the Three Months Ended  For the Six Months Ended
   April 30,  April 30,
   2020  2019  2020  2019
             
Mexico          (117,000)  $(377,000)  $(314,000)  $(846,000)
Canada       (361,000)   63,000    (732,000)   (470,000)
 Net Loss    (478,000)  $(314,000)  $(1,046,000)  $(1,316,000)
Schedule of the Allocation of Assets by Segment

The following table details the allocation of assets included in the accompanying balance sheet at April 30, 2020:

   Canada  Mexico  Total
Cash and cash equivalents  $1,317,000   $17,000   $1,334,000 
Value-added tax receivable, net   —      216,000    216,000 
Other receivables   5,000    5,000    10,000 
Prepaid expenses and deposits   54,000    100,000    154,000 
Office and mining equipment, net   —      208,000    208,000 
Property concessions   —      5,020,000    5,020,000 
Goodwill   —      2,058,000    2,058,000 
   $1,376,000   $7,624,000   $9,000,000 

 

The following table details the allocation of assets included in the accompanying balance sheet at October 31, 2019:

   Canada  Mexico  Total
Cash and cash equivalents  $1,370,000   $62,000   $1,432,000 
Value-added tax receivable, net   —      256,000    256,000 
Other receivables   4,000    5,000    9,000 
Prepaid expenses and deposits   103,000    102,000    205,000 
Office and mining equipment, net   —      226,000    226,000 
Property concessions   —      5,020,000    5,020,000 
Goodwill   —      2,058,000    2,058,000 
   $1,477,000   $7,729,000   $9,206,000