Quarterly report [Sections 13 or 15(d)]

COST OF GOODS SOLD

v3.25.1
COST OF GOODS SOLD
3 Months Ended
Jan. 31, 2025
Cost Of Goods Sold  
COST OF GOODS SOLD

NOTE 3 – COST OF GOODS SOLD

 

Our Cost of goods sold includes the cost of materials and related direct costs. With respect to sales made through the Company’s sales agents distribution network, we include in our costs of goods sold commission paid to agents for the specific sales they make. Without using agents, we would not be eligible to participate in the Request for Proposals (“RFP”) for these sales on which we incur commission costs. All other sales-related expenses, including those related to unsuccessful bids, are included in selling, general and administrative costs. As a component of cost of goods sold, commission costs incurred in the three month period ended January 31, 2025 were $245,509 compared to $293,184 for the three month period ended January 31, 2024.