Quarterly report [Sections 13 or 15(d)]

OPERATING LEASES (Tables)

v3.26.3
OPERATING LEASES (Tables)
9 Months Ended
Jul. 31, 2026
Operating Leases  
SCHEDULE OF OPERATING LEASE COSTS

The Company leases its PAL operating facility under a non-cancellable operating lease agreement that expires on March 31, 2033. The lease is accounted for in accordance with ASC 842, Leases. Information related to the Company’s operating lease is summarized below:

 

    July 31,     October 31,  
    2026     2025  
             
Lease Liability   $ 385,381     $ 394,932  
Future minimum lease payments   $ 477,528       518,953  
Remaining life of the lease in years (Expires 31 March 2033)     6.67       7.42  
Discount Rate     6.75 %     6.75 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Estimated future minimum lease payments and imputed interest related to the operating lease liability as of July 31, 2026 are as follows:

 

Years   Total  
       
2026 (remaining 3 months)   $ 16,289  
2027     66,295  
2028     68,284  
2029     70,332  
2030     72,442  
Thereafter     183,886  
Total Future minimum lease payments     477,528  
         
Imputed Interest     (92,147 )
Total   $ 385,381