| Lease liabilities |
Lease liabilities The Company has the following lease liabilities as of October 31, 2021.
| | | | | | | | | | | | | | | | | | | | | | | | | Maturity analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Thereafter | Total | | Undiscounted | $ | $ | $ | $ | $ | $ | $ | | Premises | 4,468,877 | 4,590,357 | 3,741,940 | 3,332,312 | 3,290,786 | 16,302,071 | | 35,726,343 | | Equipment | 48,898 | 44,044 | 44,044 | 42,384 | 21,022 | 7,835 | 208,227 | | Total | 4,517,775 | 4,634,401 | 3,785,984 | 3,374,696 | 3,311,808 | 16,309,906 | 35,934,570 |
| | | | | | | | | | | | | Lease liabilities | Current | Non-Current | Total | | Discounted | $ | $ | $ | | Premises | 2,836,348 | 26,366,448 | 29,202,796 | | Equipment | 32,447 | 129,626 | 162,073 | | Total | 2,868,795 | 26,496,074 | 29,364,869 |
The Company has the following lease liabilities as of At October 31, 2020. | | | | | | | | | | | | | | | | | | | | | | | | | Maturity analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Thereafter | Total | | Undiscounted | $ | $ | $ | $ | $ | $ | $ | | Premises | 769,865 | 650,087 | 549,908 | 565,742 | 462,851 | 1,410,237 | | 4,408,690 | | Equipment | 36,081 | 30,856 | 18,526 | 18,526 | 16,982 | — | 120,972 | | Total | 805,946 | 680,943 | 568,434 | 584,268 | 479,833 | 1,410,237 | 4,529,662 |
| | | | | | | | | | | | | Lease liabilities | Current | Non-Current | Total | | Discounted | $ | $ | $ | | Premises | 565,296 | 2,949,707 | 3,515,003 | | Equipment | 26,059 | 72,108 | 98,167 | | Total | 591,355 | 3,021,815 | 3,613,170 |
In the twelve months ended October 31, 2021, the Company recognized an interest expense of $449,571 related to lease liabilities.
The Company’s lease obligations include leases for plant operations, storage facilities, and office space for employees. In the twelve months ended October 31, 2021, the Company has added 4 new premises leases, 1 new equipment lease and modified 6 leases.
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