Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES (Tables)

v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Oct. 31, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF PROVISION (BENEFIT) FOR INCOME TAXES

The provision (benefit) for income taxes comprises:

  

    October 31,     October 31,  
    2025     2024  
             
Current federal expense   $ 594,187     $ 174,094  
Current state income tax expense     128,005       53,147  
Foreign tax expense     427,623       486,429  
                 
Total current tax expense     1,149,815       713,670  
                 
Deferred federal (benefit) expense     (47,205 )     249,693  
Deferred state (benefit) expense     (13,375 )     (11,585 )
Deferred foreign tax expense     293,052       13,514  
                 
Deferred tax expense    

232,472

     251,622  
                 
Total Income Tax Expense   $

1,382,287

     $ 965,292  
SCHEDULE OF RECONCILIATION OF INCOME TAX BENEFIT

The expense for income taxes differed from the U.S. statutory rate due to the following:

 

    October 31,     October 31,  
    2025     2024  
             
Statutory tax rate     21.0 %     21.0 %
R&D Relief     (8.6 )%     (8.8 )%
Foreign Tax expense     10.4 %     7.5 %
State Income Tax     2.3 %     (1.2 )%
                 
Total     25.1 %     20.9 %
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax assets and liabilities are as follows:

 

    October 31,     October 31,  
    2025     2024  
Noncurrent deferred tax assets (liabilities)                
Temporary differences                
Restricted Stock Awards    

103,021

     42,441  
Book/Tax Depreciation     (1,213 )     (7,666 )
Foreign fixed assets     (519,899 )     (213,484 )
Foreign short term timing differences     87,890       -  
Foreign NOL carryforwards     12,252        96,698  
                 

Subtotal Deferred Asset

     203,163       139,139  
                 
Subtotal Deferred (Liability)     (521,112 )     (221,150 )
                 
Valuation allowance     -       -  
                 
Total Deferred (Liability) Asset, net   $ (317,949 )   $ (82,011 )