v3.25.2
OPERATING LEASES
6 Months Ended
Apr. 30, 2025
Operating Leases  
OPERATING LEASES

NOTE 6 – OPERATING LEASES  

 

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%

 

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