Consolidated Statement of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Jul. 31, 2022 |
Jul. 31, 2021 |
Jul. 31, 2022 |
Jul. 31, 2021 |
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Revenues | ||||
Royalties (net) | $ 25,691 | $ 17,353 | $ 51,331 | $ 59,723 |
Operating Expenses | ||||
Advertising | 0 | 46 | 570 | 7,014 |
Professional and consulting | 22,512 | 42,095 | 127,452 | 133,349 |
Salaries and payroll taxes | 29,906 | 29,931 | 90,747 | 90,772 |
Rent expense | 75 | 75 | 175 | 225 |
Amortization of royalty interests | 11,250 | 14,250 | 33,750 | 40,105 |
Other expenses | 3,383 | 6,681 | 21,478 | 20,902 |
Total Operating Expenses | 67,126 | 93,078 | 274,172 | 292,367 |
Loss from operations | (41,435) | (75,725) | (222,841) | (232,644) |
Other Income/(Expense) | ||||
Interest income | 2,442 | 3,541 | 8,235 | 3,899 |
Loss on crypto currency impairment | (40,809) | 0 | (56,187) | 0 |
Forgiveness of PPP loan | 0 | 11,300 | 0 | 11,300 |
Other | 81 | 70 | 612 | 327 |
Total other income/(expense) | (38,286) | 14,911 | (47,340) | 15,526 |
Net Loss | $ (79,721) | $ (60,814) | $ (270,181) | $ (217,118) |
Net loss per common share - basic and diluted | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.02) |
Weighted average shares outstanding - basic | 11,132,208 | 11,132,208 | 11,132,208 | 11,132,208 |
Weighted average shares outstanding - diluted | 11,132,208 | 11,132,208 | 11,132,208 | 11,132,208 |
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- Definition Represents the monetary amount of Loss on crypto currency impairment, during the indicated time period. No definition available.
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- Definition Represents the per-share monetary value of Net loss per common share - basic and diluted, during the indicated time period. No definition available.
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The expense charged against earnings for the periodic recognition of the advance royalties. These royalties are paid in one accounting period, but are deducted from earnings over time through amortization. For example, royalties that are required to be paid in advance of production from a mineral, oil, or gas property and amortized over the period of right to produce these items. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Decrease for amounts of indebtedness forgiven by the holder of the debt instrument. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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