COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)
|
9 Months Ended |
Jul. 31, 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 |
|
July 31, 2024 |
|
|
October 31, 2023 |
|
|
|
|
|
Amount |
|
|
Rate |
|
|
Amount |
|
|
Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USD |
|
HSBC |
|
$ |
17,768,418 |
|
|
|
4.71 |
% |
|
$ |
15,201,579 |
|
|
|
5.28 |
% |
GBP |
|
HSBC |
|
£ |
1,400,000 |
|
|
|
4.58 |
% |
|
£ |
750,000 |
|
|
|
4.80 |
% |
GBP (Unrestricted access) |
|
HSBC |
|
£ |
83,313 |
|
|
|
5.00 |
% |
|
£ |
500,000 |
|
|
|
5.00 |
% |
GBP (Unrestricted access) |
|
HSBC |
|
£ |
434,007 |
|
|
|
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
|
|
July 31, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Raw materials and parts |
|
$ |
9,635,985 |
|
|
$ |
8,994,482 |
|
Work in progress |
|
|
338,635 |
|
|
|
483,227 |
|
Finished goods |
|
|
3,049,373 |
|
|
|
2,207,816 |
|
Total Inventory |
|
$ |
13,023,993 |
|
|
$ |
11,685,525 |
|
|
SUMMARY OF OTHER CURRENT ASSETS |
Other
current assets consisted of the following as of:
SUMMARY OF OTHER CURRENT ASSETS
|
|
July 31, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Deposits |
|
$ |
13,438 |
|
|
$ |
23,081 |
|
Other Corporation Tax Receivables and Prepaid |
|
|
248,190 |
|
|
|
450,625 |
|
Employee Retention Credit Receivables |
|
|
212,300 |
|
|
|
212,300 |
|
Other Receivables |
|
|
144,271 |
|
|
|
348,620 |
|
Total Other Current Assets |
|
$ |
618,199 |
|
|
$ |
1,034,626 |
|
|
SCHEDULE OF PROPERTY AND EQUIPMENT |
Property
and equipment consisted of the following as of:
SCHEDULE OF PROPERTY AND EQUIPMENT
|
|
July 31, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
Buildings |
|
$ |
5,875,834 |
|
|
$ |
6,386,705 |
|
Land |
|
|
200,000 |
|
|
|
200,000 |
|
Office machinery and equipment |
|
|
1,725,786 |
|
|
|
1,596,026 |
|
Rental assets |
|
|
2,762,543 |
|
|
|
2,323,446 |
|
Furniture, fixtures and improvements |
|
|
1,253,735 |
|
|
|
1,172,169 |
|
Totals |
|
|
11,817,898 |
|
|
|
11,678,346 |
|
Less: accumulated depreciation |
|
|
(5,480,090 |
) |
|
|
(4,805,026 |
) |
|
|
|
|
|
|
|
|
|
Total Property and Equipment, net |
|
$ |
6,337,808 |
|
|
$ |
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
|
|
July 31, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
USA |
|
$ |
1,708,496 |
|
|
$ |
1,751,260 |
|
Europe |
|
|
4,629,312 |
|
|
|
5,122,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Property and Equipment, net |
|
$ |
6,337,808 |
|
|
$ |
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
|
|
July 31, |
|
|
October 31, |
|
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
Accruals |
|
$ |
315,882 |
|
|
$ |
384,880 |
|
Other Tax Payables |
|
|
798,827 |
|
|
|
525,565 |
|
Employee Payroll and Pensions |
|
|
75,125 |
|
|
|
85,185 |
|
Total Other Current Liabilities |
|
$ |
1,189,834 |
|
|
$ |
995,630 |
|
|
SCHEDULE OF OTHER INCOME |
Total
Other Income, net consisted of the following:
SCHEDULE OF OTHER INCOME
|
|
Three Months |
|
|
Three Months |
|
|
Nine Months |
|
|
Nine Months |
|
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grant Income |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
26,761 |
|
|
$ |
- |
|
Other |
|
|
10,463 |
|
|
|
2,848 |
|
|
|
16,086 |
|
|
|
8,532 |
|
Total Other Income |
|
|
10,463 |
|
|
|
2,848 |
|
|
|
42,847 |
|
|
|
8,532 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
230,009 |
|
|
|
211,704 |
|
|
$ |
716,017 |
|
|
|
395,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Income, net |
|
$ |
240,472 |
|
|
$ |
214,552 |
|
|
$ |
758,864 |
|
|
$ |
403,693 |
|
|