OTHER BORROWINGS - Additional information (Details) |
1 Months Ended | 12 Months Ended | |||||
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Aug. 31, 2020
CNY (¥)
item
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Aug. 31, 2020
USD ($)
item
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Oct. 31, 2019
CNY (¥)
item
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Oct. 31, 2019
USD ($)
item
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Sep. 30, 2020 |
Aug. 31, 2020
USD ($)
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Oct. 31, 2019
USD ($)
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Debt Instrument [Line Items] | |||||||
Number of unrelated third parties | item | 2 | 2 | 2 | 2 | |||
Sale value | ¥ 7,842,852 | $ 1,155,127 | $ 1,155,127 | ||||
Lease back value | 7,842,852 | ¥ 7,842,852 | 1,155,127 | 1,155,127 | |||
Security deposit | 1,250,000 | 1,250,000 | $ 184,105 | $ 184,105 | |||
Net proceeds received | 5,436,000 | $ 800,636 | 5,436,000 | $ 800,636 | |||
Buyback Price | ¥ | ¥ 100 | ¥ 100 | |||||
Arrangement one | |||||||
Debt Instrument [Line Items] | |||||||
Lease term | 12 months | 12 months | 12 months | 12 months | |||
Arrangement two | |||||||
Debt Instrument [Line Items] | |||||||
Lease term | 24 months | 24 months | 24 months | ||||
Arrangement three | |||||||
Debt Instrument [Line Items] | |||||||
Lease term | 36 months | 36 months | 36 months |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The net book value of the asset(s) sold in connection with the sale of the property to another party and lease back to the seller. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net proceeds of the sale lease back for the long tern debt. No definition available.
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- Definition Represents the number of unrelated third parties. No definition available.
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- Definition Represents the buy back price under sale leaseback arrangement. No definition available.
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- Definition Term of lease under sale lease back transaction in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount of lease back value under sale leaseback arrangement. No definition available.
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