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)
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

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:

 

    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:

 

    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:

 

    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:

 

    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:

 

    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:

 

    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