COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)
|
6 Months Ended |
Apr. 30, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS |
SCHEDULE
OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS
Currency Denomination |
|
Bank |
|
April 30, 2024 |
|
|
October 31, 2023 |
|
|
|
|
|
Amount |
|
|
Rate |
|
|
Amount |
|
|
Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USD |
|
HSBC |
|
$ |
17,614,335 |
|
|
|
4.62 |
% |
|
$ |
15,201,579 |
|
|
|
5.28 |
% |
GBP |
|
HSBC |
|
£ |
1,300,000 |
|
|
|
4.61 |
% |
|
£ |
750,000 |
|
|
|
4.80 |
% |
GBP (Unrestricted access) |
|
HSBC |
|
£ |
182,669 |
|
|
|
5.00 |
% |
|
£ |
500,000 |
|
|
|
5.00 |
% |
GBP (Unrestricted access) |
|
HSBC |
|
£ |
315,947 |
|
|
|
2.00 |
% |
|
|
|
|
|
|
|
|
USD |
|
Jyske Bank (Denmark) |
|
|
|
|
|
|
|
|
|
$ |
2,400,000 |
|
|
|
4.00 |
% |
|
SCHEDULE OF COMPONENTS OF INVENTORY |
Inventory
consisted of the following as of:
SCHEDULE OF COMPONENTS OF INVENTORY
|
|
April 30, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Raw materials and parts |
|
$ |
9,134,243 |
|
|
$ |
8,994,482 |
|
Work in progress |
|
|
471,545 |
|
|
|
483,227 |
|
Finished goods |
|
|
3,040,188 |
|
|
|
2,207,816 |
|
Total Inventory |
|
$ |
12,645,976 |
|
|
$ |
11,685,525 |
|
|
SUMMARY OF OTHER CURRENT ASSETS |
Other
current assets consisted of the following as of:
SUMMARY OF OTHER CURRENT ASSETS
|
|
April 30, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Deposits |
|
$ |
12,870 |
|
|
$ |
23,081 |
|
Other Tax Receivables |
|
|
459,893 |
|
|
|
450,625 |
|
Employee Retention Credit Receivables |
|
|
212,300 |
|
|
|
212,300 |
|
Other Receivables |
|
|
21,428 |
|
|
|
348,620 |
|
Total Other Current Assets |
|
$ |
706,491 |
|
|
$ |
1,034,626 |
|
|
SCHEDULE OF PROPERTY AND EQUIPMENT |
Property
and equipment consisted of the following as of:
SCHEDULE OF PROPERTY AND EQUIPMENT
|
|
April 30, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Buildings |
|
$ |
5,769,545 |
|
|
$ |
6,386,705 |
|
Land |
|
|
200,000 |
|
|
|
200,000 |
|
Office machinery and equipment |
|
|
1,665,736 |
|
|
|
1,596,026 |
|
Rental assets |
|
|
2,616,335 |
|
|
|
2,323,446 |
|
Furniture, fixtures and improvements |
|
|
1,225,662 |
|
|
|
1,172,169 |
|
Totals |
|
|
11,477,278 |
|
|
|
11,678,346 |
|
Less: accumulated depreciation |
|
|
(5,216,154 |
) |
|
|
(4,805,026 |
) |
|
|
|
|
|
|
|
|
|
Total Property and Equipment, net |
|
$ |
6,261,124 |
|
|
$ |
6,873,320 |
|
|
SCHEDULE OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS |
Property
and equipment, net, by geographic areas were as follows:
SCHEDULE
OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS
|
|
April 30, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
USA |
|
$ |
1,690,543 |
|
|
$ |
1,751,260 |
|
Europe |
|
|
4,570,581 |
|
|
|
5,122,060 |
|
|
|
|
|
|
|
|
|
|
Total Property and Equipment, net |
|
$ |
6,261,124 |
|
|
$ |
6,873,320 |
|
|
SCHEDULE OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
Accrued
Expenses and Other Current Liabilities consisted of the following as of:
SCHEDULE
OF ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
|
|
April 30, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Accruals |
|
$ |
388,729 |
|
|
$ |
384,880 |
|
Other Tax Payables |
|
|
415,745 |
|
|
|
525,565 |
|
Employee Related |
|
|
79,708 |
|
|
|
85,185 |
|
Total Other Current Liabilities |
|
$ |
884,182 |
|
|
$ |
995,630 |
|
|
SCHEDULE OF OTHER INCOME |
Total
Other Income, net consisted of the following:
SCHEDULE OF OTHER INCOME
|
|
Three
Months |
|
|
Three
Months |
|
|
Six
Months |
|
|
Six
Months |
|
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
|
April
30, |
|
|
April
30, |
|
|
April
30, |
|
|
April
30, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grant
Income |
|
$ |
11,980 |
|
|
$ |
- |
|
|
$ |
26,694 |
|
|
$ |
- |
|
Other |
|
|
(14,616 |
) |
|
|
2,780 |
|
|
|
5,690 |
|
|
|
5,684 |
|
Total
Other Income |
|
|
(2,636 |
) |
|
|
2,780 |
|
|
|
32,384 |
|
|
|
5,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
293,468 |
|
|
|
170,596 |
|
|
$ |
486,008 |
|
|
|
183,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Other Income, net |
|
$ |
290,832 |
|
|
$ |
173,376 |
|
|
$ |
518,392 |
|
|
$ |
189,141 |
|
|