COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS (Tables)
|
12 Months Ended |
Oct. 31, 2023 |
|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
| SCHEDULE OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS |
SCHEDULE
OF INTEREST RATES AND AMOUNT HELD IN CERTIFIED DEPOSIT INTEREST BEARING ACCOUNTS
| Currency Denomination |
|
Amount |
|
|
HSBC |
|
|
Jyske Bank
(Denmark) |
|
| USD |
|
$ |
15,201,579 |
|
|
|
5.28 |
% |
|
|
|
|
| GBP |
|
£ |
750,000 |
|
|
|
4.80 |
% |
|
|
|
|
| GBP (Unrestricted access) |
|
£ |
500,000 |
|
|
|
5.00 |
% |
|
|
|
|
| *USD |
|
$ |
2,400,000 |
|
|
|
|
|
|
|
4.0 |
% |
*Held
in Jyske Bank USD Account
|
| SCHEDULE OF COMPONENTS OF INVENTORY |
Inventory consisted of the following as of:
SCHEDULE OF COMPONENTS OF INVENTORY
| |
|
October 31, |
|
|
October 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Raw materials and parts |
|
$ |
8,994,482 |
|
|
$ |
7,219,344 |
|
| Work in progress |
|
|
483,227 |
|
|
|
383,427 |
|
| Finished goods |
|
|
2,207,816 |
|
|
|
2,424,340 |
|
| Total Inventory |
|
$ |
11,685,525 |
|
|
$ |
10,027,111 |
|
|
| SUMMARY OF OTHER CURRENT ASSETS |
Other
current assets consisted of the following as of:
SUMMARY OF OTHER CURRENT ASSETS
| |
|
October 31, |
|
|
October 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Deposits and other assets |
|
$ |
23,081 |
|
|
$ |
18,631 |
|
| Other US Tax Receivables/Prepaid Taxes |
|
|
450,625 |
|
|
|
151,217 |
|
| Employee Retention Credit Receivables |
|
|
212,300 |
|
|
|
173,213 |
|
| Other Foreign Tax Receivables |
|
|
348,620 |
|
|
|
- |
|
| Total Other Current Assets |
|
$ |
1,034,626 |
|
|
$ |
343,061 |
|
|
| SCHEDULE OF PROPERTY AND EQUIPMENT |
Property
and equipment consisted of the following as of:
SCHEDULE OF PROPERTY AND EQUIPMENT
| |
|
October 31, |
|
|
October 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Buildings |
|
$ |
6,386,705 |
|
|
$ |
5,419,946 |
|
| Land |
|
|
200,000 |
|
|
|
200,000 |
|
| Office machinery and equipment |
|
|
1,596,026 |
|
|
|
1,556,030 |
|
| Rental assets |
|
|
2,323,446 |
|
|
|
2,252,292 |
|
| Furniture, fixtures and improvements |
|
|
1,172,169 |
|
|
|
1,108,787 |
|
| Total |
|
|
11,678,346 |
|
|
|
10,537,055 |
|
| Less: accumulated depreciation |
|
|
(4,805,026 |
) |
|
|
(4,704,523 |
) |
| |
|
|
|
|
|
|
|
|
| Total Property and Equipment, net |
|
$ |
6,873,320 |
|
|
$ |
5,832,532 |
|
|
| SCHEDULE OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS |
Property
and equipment, net, by geographic areas was as follows:
SCHEDULE
OF PROPERTY AND EQUIPMENT, NET, BY GEOGRAPHIC AREAS
| |
|
October 31, |
|
|
October 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| USA |
|
|
1,751,260 |
|
|
|
1,825,858 |
|
| Europe |
|
|
5,122,060 |
|
|
|
4,006,674 |
|
| Total Property and Equipment, net |
|
$ |
6,873,320 |
|
|
$ |
5,832,532 |
|
|
| 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, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Accruals |
|
$ |
384,880 |
|
|
$ |
1,474,744 |
|
| Other Tax Payables |
|
|
525,565 |
|
|
|
144,158 |
|
| Employee Related |
|
|
85,185 |
|
|
|
112,804 |
|
| Total |
|
$ |
995,630 |
|
|
$ |
1,731,706 |
|
|
| SCHEDULE OF OTHER INCOME |
Total
Other Income, net consisted of the following for the year ended:
SCHEDULE OF OTHER INCOME
| |
|
October 31, |
|
|
October 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Employee Retention Credits |
|
$ |
- |
|
|
$ |
88,917 |
|
| Other Income |
|
|
39,146 |
|
|
|
49,058 |
|
Total Other Income, |
|
$ |
39,146 |
|
|
$ |
137,975 |
|
| |
|
|
|
|
|
|
|
|
| Interest Income |
|
|
642,530 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Interest (Expense) |
|
|
- |
|
|
|
(9,704 |
) |
| Total Other Income, net |
|
$ |
681,676 |
|
|
$ |
128,271 |
|
|