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DEBT (Tables)
12 Months Ended
Oct. 31, 2021
DEBT [Abstract]  
Long-term Debt

The tables below provide information on our long-term debt.
As of October 31, 2021
 
Xiamen
Project Loans
   
Xiamen
Working
Capital Loans
   
Hefei
Equipment
Loan
   
Finance Leases
   
Total
 
Principal due:
                             
Next 12 months
 
$
2,068
   
$
8,197
   
$
4,694
   
$
7,289
   
$
22,248
 
Months 13 – 24
 
$
10,071
   
$
4,005
   
$
4,693
   
$
6,512
   
$
25,281
 
Months 25 – 36
   
10,278
     
-
     
6,257
     
6,610
     
23,145
 
Months 37 – 48
   
9,902
     
-
     
5,585
     
17,961
     
33,448
 
Months 49 – 60
   
7,572
     
-
     
-
     
-
     
7,572
 
Long-term debt
 
$
37,823
   
$
4,005
   
$
16,535
   
$
31,083
   
$
89,446
 
                                         
Interest rate at balance sheet date
   
4.65
%
   
4.53% - 4.61
%
   
4.20
%
   
(3) 
       
Basis spread on interest rates
   
0.00
     
67.75 - 76.00
     
(45.00
)
   
N/A
         
Interest rate reset
 
Quarterly
   
Monthly/Annually
   
Annually
     
N/A
         
Maturity date
 
December 2025
   
July 2023
   
September 2025
     
(3) 
       
Periodic payment amount
 
Increases as loans mature
   
Increases as loans mature
   
Varies (1)
     
(3) 
       
Periodic payment frequency
 
Semiannual, on individual loans
   
Semiannual, on individual loans
   
Semiannual(2)
   
Monthly
         
Loan collateral (carrying amount)
 
$
90,096
     
N/A
   
$
86,487
   
$
40,826
(4) 
       

(1) First five loan repayments will each be for 7.5 percent of the approved 200 million RMB loan principal; last five installments will each be for 12.5 percent of the approved loan principal.
(2) Semiannual repayments commence in March 2022.
(3) See Note 9 for interest rates on lease liabilities, maturity dates, and periodic payment amounts.
(4) Represents the carrying amount at the balance sheet date of the related ROU assets, in which the lessors have secured interests.

As of October 31, 2020
 
Xiamen
Project Loans
   
Xiamen Working Capital Loans
   
Total
 
Principal due:
                 
Next 12 months
 
$
6,705
   
$
2,265
   
$
8,970
 
Months 13 – 24
 
$
7,334
   
$
7,808
   
$
15,142
 
Months 25 – 36
   
9,592
     
3,814
     
13,406
 
Months 37 – 48
   
9,789
     
-
     
9,789
 
Months 49 – 60
   
9,432
     
-
     
9,432
 
Thereafter
   
7,211
     
-
     
7,211
 
Long-term debt
 
$
43,358
   
$
11,622
   
$
54,980
 
                         
Interest rate at balance sheet date
   
4.90
%
   
4.53% - 4.61
%
       
Basis spread on interest rates
   
25.00
     
40.00 - 76.00
         
Loan collateral (carrying amount)
 
$
94,459
     
N/A