Quarterly report [Sections 13 or 15(d)]

OPERATING LEASES (Tables)

v3.25.2
OPERATING LEASES (Tables)
6 Months Ended
Apr. 30, 2025
Operating Leases  
SCHEDULE OF OPERATING LEASE COSTS

We are contractually bound by a non-cancellable operating lease relating to PAL which we acquired on October 29, 2024. Lease costs recognized in our consolidated statements of operations are summarized as follows:

 

    April 30,     October 31,  
    2025     2024  
             
Lease Liability   $ 421,682     $ 413,171  
Future minimum lease payments   $ 557,417     $ 568,076  
Remaining life of the lease in years (Expires March 31, 2033)     7.92       8.42  
Discount Rate     6.75 %     6.75 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities as of April 30, 2025 were as follows:

 

Future Minimum Operating Lease Maturity Analysis

 

Years   Total  
       
2025 (remaining 6 months)   $ 31,343  
2026     63,625  
2027     65,534  
2028     67,500  
2029     69,525  
Thereafter     289,127  
Imputed Interest     (164,972 )
Total   $ 421,682