Annual report pursuant to Section 13 and 15(d)

COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)

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COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)
12 Months Ended
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT AND INTEREST BEARING ACCOUNTS

SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT AND INTEREST BEARING ACCOUNTS

Country  

Deposit

October 31, 2024

   

Interest October 31, 2024

   
Deposit October 31, 2023
   

Interest October 31, 2023

 
                         
USA   $ 15,156,719     $ 823,816     $ 15,201,579     $ 486,756  
UK     764,659       103,144       1,516,641       86,266  
Denmark     -       11,815       2,400,000       69,508  
                                 
    $ 15,921,378     $ 938,775     $ 19,118,282     $ 642,530  
SCHEDULE OF COMPONENTS OF INVENTORY

Inventory consisted of the following as of:

 

    October 31,     October 31,  
    2024     2023  
             
Raw materials and parts   $ 10,368,350     $ 8,994,482  
Work in progress     193,062       483,227  
Finished goods     3,340,464       2,207,816  
Stock in transit     73,653       -  
Total Inventory   $ 13,975,529     $ 11,685,525  
SUMMARY OF OTHER CURRENT ASSETS

Other current assets consisted of the following as of:

  

    October 31,     October 31,  
    2024     2023  
             
Deposits and other assets   $ 63,630     $ 23,081  
Other US Tax Receivables/Prepaid Taxes   240,909       450,625  
Employee Retention Credit Receivables   212,300       212,300  
Other Foreign Tax Receivables   321,996       348,620  
Total Other Current Assets   $ 838,835     $ 1,034,626  
SCHEDULE OF FIXED ASSETS

Fixed assets consisted of the following as of:

  

    October 31,     October 31,  
    2024     2023  
             
Buildings   $ 5,881,237     $ 6,386,705  
Land   200,000       200,000  
Office machinery and equipment   1,872,693       1,596,026  
Rental assets   2,784,921       2,323,446  
Furniture, fixtures and improvements   1,549,965       1,172,169  
         
Totals     12,288,816       11,678,346  
Less: accumulated depreciation     (5,465,826 )     (4,805,026 )

Total Property and Equipment, net

   

6,822,990

     

6,873,320

 
Right of use assets    

413,171 

     

- 

 
                 
Total Fixed Assets, net   $ 7,236,161     $ 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

    October 31,     October 31,  
    2024     2023  
             
USA   $ 1,743,840     $ 1,751,260  
Europe     5,079,150       5,122,060  
                 
Total Property and Equipment, net   $ 6,822,990     $ 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

    October 31,     October 31,  
    2024     2023  
             
Accruals   $ 560,986     $ 384,880  
Other Tax Payables     924,735       525,565  
Employee Related     118,875       85,185  
Total Accrued Expenses and Other Current Liabilities   $ 1,604,596     $ 995,630  
SCHEDULE OF OTHER INCOME

Total Other Income, net consisted of the following for the year ended:

 

    October 31,     October 31,  
    2024     2023  
             
Grant Income   $ 34,422     $ -  
Other     53,960       39,146  
Total Other Income     88,382       39,146  
                 
Interest   $ 938,775       642,530  
                 
Total Other Income, net   $ 1,027,157     $ 681,676