Quarterly report pursuant to Section 13 or 15(d)

COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)

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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

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:

 

    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:

 

    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:

 

    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