Revolving Loan Facility	12 Months Ended
Revolving Loan Facility	Oct. 31, 2019
Revolving Loan Facility
Note 3. Revolving Loan Facility	On November 1, 2016 the Company entered into an agreement, and amended May 18, 2018, for a revolving loan facility of up to $250,000. The loan, originally due on or before October 31, 2018 and extended to October 31, 2019, is unsecured and with interest of 2% per month, calculated based on the amount of principal outstanding at the end of each month. As the total principal outstanding and accrued interest was not paid at the original maturity date of October 31, 2018, the Company, on November 1, 2018, made a Default Payment consisting of 2,614,693 common shares, with a fair value of $1,045,877, being 4.49% of the total of issued and outstanding shares of the Company at that date. Fair value of shares issued was consistent with the value assigned to the most recent share issuance. On October 25, 2019 the loan was amended and extended to October 31, 2021. Monthly interest has been increased to 3.75%. The balance outstanding as at October 31, 2019 was $144,176 with an available credit line of $105,824.

XPLOSION Inc 10-K